The story of this market
The typical home in ZIP 23168 sells for about $537,000, or $215 per square foot.
Prices are roughly flat from a year ago (-0.84%), a market in balance. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,412 a month.
ZIP 23168 — Toano
The 23168 housing market shows a median listing price of $537,000 with a slight year-over-year decline in pricing, reflecting a cooling trend in buyer demand. Inventory levels have increased, providing more options for buyers, while the market remains supported by steady interest in the Stonehouse area. Overall, the market is stable with moderate activity levels.
This ZIP is ideal for families and professionals seeking a suburban lifestyle with easy access to historic Williamsburg and regional employment hubs, offering a balance of space and connectivity.
Median prices moved down 0.8% year over year.
Homes spend a median of 48 days on market with 5.2 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 98.2% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.3% · poverty 3.2% — 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 6.1%/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 6.1%/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 23168, James City County VA
Crime rates in the Toano area are generally lower than the national average, with the region maintaining a stable safety profile consistent with rural and suburban James City County.
Schools serving the 23168 ZIP code are part of the James City County Public Schools system, which is generally well-regarded for its academic performance and student support services.
The area faces moderate risk from tropical storms and hurricanes due to its proximity to the Virginia coast, with flood insurance recommended for properties in low-lying zones.
Economic momentum is driven by proximity to the Williamsburg employment hub and ongoing residential expansion in the Stonehouse area, supported by access to I-64.
Property taxes are assessed by James City County based on fair market value; the county maintains a competitive tax rate structure compared to neighboring urban jurisdictions.
Residents primarily commute via I-64, providing direct access to Williamsburg, Newport News, and Richmond employment centers.
The area features access to the Chickahominy River, local golf courses like Stonehouse, and proximity to the historic attractions and trails of the Williamsburg region.
The rental market is characterized by low vacancy rates and steady demand, with limited inventory of multi-family units compared to single-family rentals.
The local economy is anchored by tourism, education, and government sectors in the greater Williamsburg area, with a growing residential base in Toano.
Transportation is heavily reliant on personal vehicles, with I-64 serving as the primary artery for regional transit.
Development is focused on residential infill and expansion of community amenities within the Stonehouse area.
Not applicable for ZIP level.
Parcels are subject to James City County property taxes and local school district levies.
Property insurance premiums are influenced by regional hurricane and flood risk assessments.
Not applicable for ZIP level.
Not applicable for ZIP level.
Not applicable for ZIP level.
Data retrieved from data.census.gov ZCTA 23168 profile.
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.
A notable local course known for its challenging layout and scenic terrain.
Provides water access, camping, and recreational trails.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).