Williamsburg, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Williamsburg Neighborhoods Since 2000




Williamsburg, VA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Williamsburg Housing Market Information

With 15,052 people, 4,538 houses or apartments, and a median cost of homes of $234,303, Williamsburg real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Williamsburg, accounting for 44.88% of the city's housing units. Other types of housing that are prevalent in Williamsburg include large apartment complexes or high rise apartments ( 29.34%), row houses and other attached homes ( 15.02%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.76%).

Williamsburg is dominated by renter-occupied one, two, or no bedrooms apartments. 66.54% of Williamsburg's dwellings are rentals.

There is a lot of housing in Williamsburg built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Williamsburg built between 2000 and later ( 24.40%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.36%). There's also some housing in Williamsburg built before 1939 ( 10.36%).

Williamsburg Home Appreciation Rates

Williamsburg's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Williamsburg during the period has been just -1.14%, which is lower than 70% of US communities.

Over the last year, Williamsburg appreciation rates have trailed the rest of the nation. In the last twelve months, Williamsburg's appreciation rate has been 1.43%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Williamsburg were at -0.63%, which equates to an annual appreciation rate of -2.48%.

Notably, Williamsburg's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Virginia, our data show that Williamsburg's latest annual appreciation rate is lower than 50% of the other cities and towns in Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Williamsburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Williamsburg - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Williamsburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$234,303

Williamsburg, VA HOME PRICES

Value Range
> $1,050,000 2.4
$788,001 - $1,050,000 4.0
$525,001 - $788,000 11.2
$420,001 - $525,000 9.5
$315,001 - $420,000 16.3
$210,001 - $315,000 25.3
$105,001 - $210,000 28.0
$52,001 - $105,000 0.8
$0 - $52,000 2.6

High for VA
High for Nation

Value Relative to Nation Value Relative to State
25.0263682175085 33.2409972299169

Number Of Homes And Apartments:
4,538

Williamsburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
59.43% 2.74% 7 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,495 / per month

Homeownership Rate

Homeownership
Owners 33.46
Renters 66.54
Vacant 9.60

Housing Market Details

 

Age of Homes

AGE OF Williamsburg HOMES
2000 or Newer 24.4
1970 - 1999 40.9
1940 - 1969 24.4
1939 or Older 10.4

Types of Homes

TYPE OF Williamsburg HOMES
Single-Family 44.9
Townhomes 15.0
Small Apt. Buildings 10.8
Apt. Complexes 29.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Williamsburg HOMES
No Bedroom 1.04
1 Bedroom 12.63
2 Bedrooms 39.94
3 Bedrooms 29.24
4 Bedrooms 14.48
5 or more bedrooms 2.67