The typical owner-occupied home in James City is worth about $55,800, 78% below the Pennsylvania median of $254,500 and 83% below the national median of $332,700. Owners pay a median $1,645 a year in property taxes, about 2.95% of their home's value, higher than the Pennsylvania rate of 1.30%. The median household earns $65,789 a year, so the median home costs 0.8 times the median income (3.3 times for Pennsylvania). 72% of occupied homes here are lived in by their owners, and 11% of those owners still have a mortgage.
James City at a glance
| James City | Pennsylvania | U.S. | |
|---|---|---|---|
| Median home value | $55,800 | $254,500 | $332,700 |
| Median property tax paid per year | $1,645 | $3,311 | $3,119 |
| Property tax as a share of value | 2.95% | 1.30% | 0.94% |
| Median household income | $65,789 | $77,971 | $80,734 |
| Homes lived in by their owners | 72% | 69% | 65% |
| Owner homes with a mortgage | 11% | 58% | 61% |
| Median monthly costs, owners with a mortgage | $650 | $1,762 | $1,963 |
| Those costs as a share of the owners' income | 12.5% | 19.4% | 21.0% |
| Median rent | $1,000 | $1,209 | $1,413 |
| Rent as a share of renters' income | 23.5% | 29.2% | 30.6% |
| Median year homes were built | 1938 | 1965 | 1980 |
| Vacant homes | 3.9% | 9.2% | 10.1% |
| Population | 174 | 13,018,639 | 334,922,499 |
What a typical home costs per month in James City
At this week's average 30-year rate of 7.11%, buying the median James City home of $55,800 with 20% down costs about $461 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $554, 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 $19,746 for the 20%-down payment. That payment is 8% of the median James City household income of $65,789; at that income and 20% down, the 28% guideline points to a home of about $186,000.
The median rent here is $1,000 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $11,160 |
|---|---|
| Loan amount | $44,640 |
| Principal and interest | $300 |
| Property taxes (2.95% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| PMI | $0 |
| Total per month | $461 |
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| Down payment | $1,953 |
|---|---|
| Loan amount | $54,789 |
| Principal and interest | $369 |
| Property taxes (2.95% a year) | $137 |
| Homeowners insurance (our estimate, 0.5% a year) | $23 |
| FHA mortgage insurance | $25 |
| Total per month | $554 |
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Questions about home buying in James City
What is the median home value in James City?
About $55,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in James City?
Homeowners pay a median $1,645 a year, which is about 2.95% 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 James City?
For the median home with 20% down at 7.11%, the payment is about $461 a month. Keeping that under 28% of gross income takes about $19,746 a year.
More about James City
- Mortgage Refinance in James City
- Debt Relief in James City
- Home Equity Loans in James City
- 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