The story of this market
The typical home in Williamsburg, Virginia sells for about $364,826, or $193 per square foot.
Prices are down 33.7% from a year ago, which gives buyers more room to negotiate. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,407 a month.
Monthly price momentum
Home values since 2015
+2.6%
VA · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Williamsburg, Virginia
The Williamsburg housing market is currently experiencing a correction in median prices, with a significant year-over-year decline as the market adjusts from previous highs. Despite this, the city remains a seller's market due to low inventory levels and steady demand for its unique historic and educational amenities. The market is driven by a mix of local university-related demand and interest from those seeking the city's high quality of life.
No ARED county foreclosure postings attributed to Williamsburg yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 3 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 2.2% year over year.
Homes spend a median of 40 days on market with 2.5 months of supply — a fast-moving market.
26% of listings have cut prices · homes sell at 98.96% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 18.8% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A world-renowned living history museum that serves as the city's primary cultural and tourism anchor.
A prestigious public research university that drives the local economy and provides significant cultural and intellectual resources.
A premier destination offering championship golf courses and luxury amenities that support high-end property values.
A large recreational area featuring extensive trails and historical sites, popular with local families and outdoor enthusiasts.
A notable golf facility that enhances the recreational appeal of the area for residents and visitors.
Williamsburg is well-suited for families seeking high-quality schools, retirees attracted to the historic and cultural amenities, and university-affiliated professionals. The city offers a unique blend of historic charm and modern convenience, making it a stable choice for long-term residents.
The city is served by the Williamsburg-James City County Public Schools, which is generally regarded as a high-performing district. Schools in the area benefit from strong community support and proximity to higher education institutions like William & Mary.
The city is served by major highway corridors including I-64, providing access to the broader Hampton Roads region. Public transit options are available, though the area remains largely car-dependent for daily commuting.
Williamsburg offers an extensive amenity base centered on its historic significance, including Colonial Williamsburg and numerous parks. Residents have access to world-class golf, trails, and cultural venues that support a high quality of life and sustained property demand.
The rental market is characterized by steady demand driven by the university population and tourism-related employment. Vacancy pressure remains low, though the presence of short-term rentals in historic areas influences overall inventory availability.
The economy is anchored by William & Mary, the Colonial Williamsburg Foundation, and the tourism industry. The city maintains a stable economic base with a focus on education, hospitality, and professional services.
Economic momentum is anchored by the tourism, education, and government sectors, with William & Mary serving as a primary economic driver. Infrastructure development is focused on maintaining the historic character while supporting modern commercial and residential expansion.
Development planning is currently focused on the Comprehensive Plan Update, which aims to balance historic preservation with the need for modern housing and commercial growth.
Parcels in the city are subject to municipal taxes and are served by the Williamsburg-James City County school district. Special utility and service districts may apply depending on the specific location of the property.
Crime trends in Williamsburg are generally stable, with the city maintaining a profile consistent with its size and status as a historic tourism hub. Regional comparisons typically show lower violent crime rates compared to larger urban centers in the Hampton Roads area.
Williamsburg faces standard coastal Virginia risks, including potential for tropical storm-related wind and flooding. Property insurance markets remain active, though premiums are influenced by regional exposure to hurricane-related weather events.
Property insurance markets are stable, though premiums reflect the regional risk profile for coastal weather events. Homeowners are encouraged to maintain adequate coverage for wind and flood risks.
The City of Williamsburg operates under its own municipal tax jurisdiction, setting real estate tax rates independently of surrounding counties. Property taxes are assessed based on fair market value, and the city maintains a stable rate structure to fund municipal services and public education.
Data retrieved from Census Reporter and U.S. Census Bureau QuickFacts.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.