The story of this market
The typical home in ZIP 23188 sells for about $499,500, or $236 per square foot.
Prices are up +2.08% from a year ago, so sellers still have some momentum. Homes take about 38 days to sell. HUD's fair market rent for a two-bedroom is $1,634 a month.
ZIP 23188 — Williamsburg
The 23188 housing market shows resilience with a median price of $499,500 and a stable sale-to-list ratio of 99%. While inventory remains tight, the market is balanced, driven by steady demand in master-planned communities. Some metrics, such as specific price growth, are currently trailing county-wide averages.
This ZIP is well-suited for families and retirees attracted to master-planned communities, golf course living, and the historic character of the Williamsburg area.
Median prices moved up 2.1% year over year.
Homes spend a median of 38 days on market with 1.2 months of supply — a fast-moving market.
28% of listings have cut prices · homes sell at 99% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 7.2% — 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 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 23188, James City County VA
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 James City County Public Schools, which generally maintain strong performance ratings and are a primary draw for families in the region.
The area faces standard regional risks for coastal Virginia, including potential for storm-related flooding and wind damage, necessitating standard property insurance coverage.
Economic momentum is driven by tourism, education, and government sectors, with ongoing residential development in master-planned communities like Fords Colony and Governors Land.
Property taxes are assessed by James City County based on fair market value; the jurisdiction utilizes a uniform tax rate structure with no local income tax.
Residents primarily commute via I-64 toward employment hubs in Newport News, Hampton, and Richmond, with typical drive times varying significantly based on traffic.
The area features extensive access to outdoor amenities including Colonial National Historical Park, multiple golf courses like Fords Colony, and proximity to the James River.
The rental market is characterized by steady demand driven by the local university and tourism industry, with moderate vacancy pressure and a mix of long-term and seasonal rentals.
The economy is anchored by the tourism industry, Colonial Williamsburg, and nearby military installations, alongside a growing healthcare and education sector.
The area is primarily served by I-64, providing the main artery for regional transit and commuting.
Ongoing residential expansion continues in the western portions of the county, with various master-planned community phases under development.
James City County conducts regular property assessments to determine fair market value for tax purposes.
Parcels are subject to James City County tax levies and may fall within specific service districts for water and sewer utilities.
Property insurance premiums are influenced by regional flood and wind exposure, with standard market availability.
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.
A premier gated community featuring multiple championship golf courses.
Preserves significant historic sites and provides extensive trail networks.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.