Williamsburg, VA

Population: 15,206
Average annual home appreciation rate: 8.14%
Total of homes for sale in this market: 855
Median home price: $311,390
Median Rent: $1,120 per room
Home price range: 27.73% of homes are between $200,001 – $300,000
Median sales price: $260,000
Number of homes: 46
Median foreclosure sales price: $184,125
Foreclosure discount: 29%
Most common home type: 45.65% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 15.43%
Number of renters: 69.17%
Number of owner occupied: 30.83%
Number people living below poverty level: 19.51%
Unemployment rate: 7.30%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Williamsburg area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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