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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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'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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Williamsburg HOMES|
|2000 or Newer||24.4|
|1970 - 1999||40.9|
|1940 - 1969||24.4|
|1939 or Older||10.4|
|TYPE OF Williamsburg HOMES|
|Small Apt. Buildings||10.8|
|SIZE OF Williamsburg HOMES|
|5 or more bedrooms||2.67|