Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$484,205+1.8% YoY · prices are rising
Market right nowBuyer's marketMore homes for sale than last year, 17% have cut their price
Income needed to buy, per year$104,965About 0.9× the local median income ($113,101): affordable for a typical household
Days on market51 daysFaster than a year ago: sellers have the edge
Next 12 months+2.3%Zillow expects prices to rise slightly
The typical home in James City County, VA is worth $484,205, up 1.8% from a year ago. That is slightly below what local incomes have historically supported: fair value is about $491,588, so the area is 1.5% undervalued. It is a buyer's market: homes take about 51 days to sell, listings are up 34% from a year ago, 17% of listings have had a price cut. Zillow expects prices to rise about 2.3% over the next year. A household needs about $104,965 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $113,101. Typical rent is $2,160 a month, or $2,640 for a house. In the latest IRS figures, 558 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$484,205
Change in 1 year
+1.8%
Overvalued %
−1.5%
Show 7 more
Fair home value
$491,588
Change in 5 years
+28.5%
Zillow forecast, next 12 months
+2.3%
Home value to income
4.3×
Monthly mortgage payment (20% down)
$2,624
Income needed to afford it
$104,965
Property tax rate
0.65%
Rent and investing
Typical rent
$2,160
Typical rent for houses
$2,640
Price-to-rent ratio
18.7×
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HUD Fair Market Rent, 2 bedrooms
$1,667
Gross rental yield
5.35%
Cap rate (estimate)
3.48%
Market activity
Listings vs a year ago
+33.8%
Days on market
51
Listings with a price cut
17.3%
Show 3 more
Homes for sale
483
Pending sales per 100 listings
21
Asking price per sq ft
$225
People and jobs
Median household income
$113,101
Population change (1 year)
+0.5%
Unemployment rate
2.8%
Show 4 more
Population
83,326
Income adjusted for cost of living
$115,527
Net moves in (IRS)
+558
Cost of living (US = 100)
97.9
Schools, risk and environment
School rating (1 to 10)
6.7
FEMA hazard risk score (0 to 100)
53.3
Flood risk score
60.8
Show 3 more
Wildfire risk score
46.4
Walkability (1 to 20)
6.9
Road, rail and air noise
55 dB
Questions people ask
Is James City County, VA overvalued?
Home prices in James City County, VA are slightly below what local incomes have historically supported: fair value is about $491,588, so the area is 1.5% undervalued.
Is James City County, VA a buyer's or seller's market?
James City County, VA is a buyer's market: homes take about 51 days to sell, listings are up 34% from a year ago, 17% of listings have had a price cut.
Are home prices going down in James City County, VA?
Home values in James City County, VA are up 1.8% over the last year. Zillow's forecast for the next 12 months is +2.3%.
How much do you need to earn to buy a home in James City County, VA?
A household needs about $104,965 a year to afford the typical home in James City County, VA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $113,101.