The story of this market
The typical home in ZIP 23185 sells for about $509,500, or $230 per square foot.
Prices are up +2.23% from a year ago, so sellers still have some momentum. Homes take about 47 days to sell. HUD's fair market rent for a two-bedroom is $1,489 a month.
ZIP 23185 — Williamsburg
The 23185 housing market remains stable with a median home price of $509,500, reflecting a modest year-over-year increase. While inventory is sufficient, the market is experiencing a slower selling cycle, suggesting a balanced environment for buyers and sellers. The area's strong economic anchors, including the university and tourism, continue to support long-term value.
This ZIP is ideal for families, academics, and retirees who value the blend of historic charm, college-town amenities, and proximity to major regional employment centers.
Median prices moved up 2.2% year over year.
Homes spend a median of 47 days on market with 6.8 months of supply — a balanced-paced market.
19% of listings have cut prices · homes sell at 98.9% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.9% · poverty 9.0% — 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 5.1%/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 2.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 23185, Virginia
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
The area is served by the Williamsburg-James City County Public Schools, which generally maintain a strong reputation within the region.
The area faces standard regional risks for coastal Virginia, including potential for flooding in low-lying areas and hurricane-related wind events.
Economic momentum is driven by the tourism sector, the Colonial Williamsburg Foundation, and the presence of William & Mary, which anchors the local economy.
Property taxes are assessed at the local level by James City, York, and Charles City counties, with rates varying by jurisdiction; the effective rate is approximately 0.6%.
Residents primarily commute via I-64, which provides the main artery connecting Williamsburg to the Newport News and Hampton Roads employment hubs.
The area features extensive historical sites, Colonial Williamsburg, numerous golf courses like Kingsmill, and proximity to the James River for water-based recreation.
The rental market shows moderate vacancy pressure with a median rent of $2,297; investor activity is present but tempered by the high cost of entry.
The economy is heavily supported by tourism, higher education (William & Mary), and government services, with a stable employment base.
The area is served by I-64 and local bus transit, with limited rail connectivity via Amtrak.
Development is focused on infill projects and maintaining the historic character of the city while supporting moderate residential growth.
Parcels are subject to local school district taxes and various municipal service fees depending on the specific county jurisdiction.
Property insurance premiums are influenced by coastal proximity and regional flood risk assessments.
Data retrieved from Census Reporter and City-Data profiles.
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 world-renowned living history museum and major tourist attraction.
Features championship golf courses and luxury riverfront amenities.
A historic public research university that anchors the local culture and economy.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.