The typical owner-occupied home in Williamsburg is worth about $113,300, 45% below the Kentucky median of $205,600 and 66% below the national median of $332,700. Owners pay a median $1,021 a year in property taxes, about 0.90% of their home's value, higher than the Kentucky rate of 0.75%. The median household earns $38,147 a year, so the median home costs 3.0 times the median income (3.2 times for Kentucky). 36% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Williamsburg at a glance
| Williamsburg | Kentucky | U.S. | |
|---|---|---|---|
| Median home value | $113,300 | $205,600 | $332,700 |
| Median property tax paid per year | $1,021 | $1,544 | $3,119 |
| Property tax as a share of value | 0.90% | 0.75% | 0.94% |
| Median household income | $38,147 | $63,726 | $80,734 |
| Homes lived in by their owners | 36% | 68% | 65% |
| Owner homes with a mortgage | 28% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,207 | $1,433 | $1,963 |
| Those costs as a share of the owners' income | 19.3% | 18.8% | 21.0% |
| Median rent | $793 | $967 | $1,413 |
| Rent as a share of renters' income | 27.5% | 28.1% | 30.6% |
| Median year homes were built | 1981 | 1982 | 1980 |
| Vacant homes | 14.8% | 10.3% | 10.1% |
| Population | 5,270 | 4,534,824 | 334,922,499 |
What a typical home costs per month in Williamsburg
At this week's average 30-year rate of 7.11%, buying the median Williamsburg home of $113,300 with 20% down costs about $742 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $931, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $31,797 for the 20%-down payment. That payment is 23% of the median Williamsburg household income of $38,147; at that income and 20% down, the 28% guideline points to a home of about $136,000.
The median rent here is $793 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $22,660 |
|---|---|
| Loan amount | $90,640 |
| Principal and interest | $610 |
| Property taxes (0.90% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| PMI | $0 |
| Total per month | $742 |
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| Down payment | $3,966 |
|---|---|
| Loan amount | $111,248 |
| Principal and interest | $748 |
| Property taxes (0.90% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $47 |
| FHA mortgage insurance | $50 |
| Total per month | $931 |
Change the numbers in the calculator
Questions about home buying in Williamsburg
What is the median home value in Williamsburg?
About $113,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Williamsburg?
Homeowners pay a median $1,021 a year, which is about 0.90% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Williamsburg?
For the median home with 20% down at 7.11%, the payment is about $742 a month. Keeping that under 28% of gross income takes about $31,797 a year.
More about Williamsburg
- Mortgage Refinance in Williamsburg
- Debt Relief in Williamsburg
- Home Equity Loans in Williamsburg
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data