The story of this market
The typical home in ZIP 23187 sells for about $450,000, or $185 per square foot.
Prices are up +3.5% from a year ago, so sellers still have some momentum. Homes take about 32 days to sell. HUD's fair market rent for a two-bedroom is $1,650 a month.
ZIP 23187 — Williamsburg
The housing market in 23187 remains stable with steady demand and limited inventory. Prices have seen modest year-over-year growth, supported by the area's appeal to families and professionals. Market conditions are currently balanced, with no significant signs of volatility.
This ZIP is well-suited for families and professionals seeking a suburban environment with access to regional amenities. It appeals to those prioritizing school quality and a quieter residential atmosphere over urban density.
Median prices moved up 3.5% year over year.
Homes spend a median of 32 days on market with 3.4 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 5.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 23187, Virginia
Crime rates in this area remain low relative to the state average, with property crime being the primary concern. Local law enforcement reports stable trends over the last three years.
Schools serving this ZIP are generally well-regarded, with most institutions maintaining high proficiency ratings in state assessments. The area is served by a stable, well-funded district.
The area faces moderate risk from seasonal wind events and localized flooding in low-lying zones. Property insurance premiums are stable but reflect regional exposure to coastal weather patterns.
Economic momentum is driven by proximity to regional employment hubs and steady residential development. Infrastructure improvements are focused on road capacity to support recent population growth.
Property taxes are assessed at the county level based on fair market value. There are no specific municipal income taxes, though special district levies for utility and school infrastructure apply to most residential parcels.
Residents primarily commute by personal vehicle to nearby employment centers, with average commute times reflecting regional traffic patterns. Public transit options are limited, necessitating reliance on highway corridors.
The area features several community parks, walking trails, and access to local water bodies for outdoor recreation. Shopping and dining options are concentrated in nearby commercial centers within a short drive.
The rental market is characterized by moderate vacancy pressure and steady demand from families and professionals. Short-term rental activity is present but remains a small fraction of the total housing stock.
The local economy is anchored by tourism, education, and government services. Major employers include regional health systems and the nearby university.
The area is served by major highway corridors providing access to the broader Hampton Roads region. Infrastructure planning focuses on maintaining traffic flow during peak commute hours.
Development is focused on mixed-use projects that integrate residential and commercial space. Recent approvals emphasize sustainable growth and infrastructure connectivity.
The county appraisal district conducts annual assessments to ensure property values reflect current market conditions. Appeals processes are available for property owners.
Parcels are subject to county-wide school and general service taxes. Some areas may fall under specific utility or flood control district jurisdictions.
Property insurance remains stable, though premiums are influenced by regional hazard profiles. Homeowners are encouraged to maintain adequate coverage for wind and water damage.
The state continues to see positive net domestic migration, driven by retirees and professionals relocating for lifestyle and economic opportunities.
Virginia operates as a non-judicial foreclosure state, allowing for a streamlined process under the terms of the deed of trust.
Sellers are required to provide a residential property disclosure statement, though the state follows a 'caveat emptor' doctrine regarding the condition of the property.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Features extensive mountain biking and hiking trails.
Public-access course serving the local community.
Key-figure check: median price diverges 23.3% from the nearest retained anchor (published ten-year series (2024)) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Research outlier held out — this pass returned a median of $345,000 (23.3% off the retained reading), contradicting every independent anchor; the prior reading stands pending corroboration. Validation: the flagged $345,000 (-23.3% vs the published ten-year series (2024)) could not be independently corroborated and was reverted to the prior cycle value pending review; the case is under review in the Command Center.