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Affordable and more expensive long-term rentals are also available in Williamsburg. You can rent a low-cost apartment or house downtown in Williamsburg or in the trendiest neighborhoods, such as Jamestown Road, Lees Mill, or The Forest.
House hunters are discovering great opportunities the housing market offers them. It’s no wonder that Williamsburg homes are now in great demand. For this reason, selling a home in Williamsburg will be a highly lucrative business venture. Again, we recommend reaching out to top-tier local realtors in Williamsburg VA, for the best result. Working with established local real estate agents in Williamsburg VA will take considerable stress off your shoulders. For starters, they will tell you upfront an estimate of your home’s worth based on neighborhood comps. Then, local realtors in Williamsburg VA will list, market, organize virtual tours and open houses, do the paperwork, and sell your property at a fair price. It’s that easy!
Professional local real estate agents in Williamsburg VA, investigate housing trends regularly. January 2022 produced the highest median home sale price, approximately $550,000. Since January, property prices have steadily decreased, and now they are more affordable than the national average (about $404,000.) According to the most recent study, the median real estate sale price in Williamsburg was about $308,000 as of September 2022. This cost also indicates a nearly 3.5 percent drop since the last year. Home seekers should know that Williamsburg condos and houses sell about 29 percent pricier than the Virginia average.
All in all, real estate transactions close faster than in 2021. Homes for sale stay on the market for 26 days on average. We advise getting licensed local real estate agents in Williamsburg VA on the horn asap not to miss the chance of a lifetime!
At the same time, rents in Williamsburg are four percent lower than the state average. If you wish to rent a unit in Williamsburg with the best amenities, local realtors in Williamsburg VA will tell you to expect a $1,850 median rental price.
In a word, Williamsburg’s economy is sure-footed. Reportedly, the unemployment rate stood at 6.4 percent as of late 2021, which is moderately higher than the national average of six percent. Still, analysts foresee a 34 percent job growth rate in the next decade, which is, by all means, higher than the US average. Residents earned slightly lesser than Average Joe in 2021. Williamsburg’s annual median income was about $48,000. There’s no reason to be worried because the family’s yearly median income of $80,000 still beats the American average of $70,000.
Suppose you decide to relocate to Williamsburg shortly. In that case, you will likely find a job with an outstanding salary. You can even breathe new life into your career no matter what profession you pursue.
Tourism is the number one source of income for many since this charming colonial city attracted many visitors interested in its rich historical heritage. Moreover, many nationally renowned businesses decided to establish a local headquarters, the most notable being Anheuser-Busch, a brewing company. Local realtors in Williamsburg VA reported several top employers in their legion, such as WWRD Holdings Limited, Colonial Williamsburg Foundation, Branscome, Williamsburg Environmental Group, etc.
Another impressive advantage is that the economic boom doesn’t affect the cost of living in Williamsburg, which is about the same as the national median. Albeit, it’s approximately eight percent higher than the Virginia average.
Let’s see the main advantages of living in this fantastic city! Firstly, Williamsburg homes are inexpensive and worth the money. Did we mention that properties for sale in Williamsburg are way more affordable than the average American homes? Pro local real estate agents in Williamsburg VA will give you all the necessary intel you require so you bring an informed decision. Secondly, the economy is in tip-top shape, promising significant future improvements. For instance, the poverty rate is low, and you won’t have to worry about the cost of living as it’s less than the American median.
Thirdly, Williamsburg makes the ultimate family-friendly town with safe streets (local crime rates are about 20 percent lower than the Virginia average.) Local realtors in Williamsburg VA promise that your children will benefit from good educational opportunities. Public schools received an exceptional A- rating with outstanding facilities like Waller Mill Elementary School and Eastern St. Hosp. Ed. Prg. Then, the economy heavily invested in developing the infrastructure and transportation system. Therefore, commuting to other cities won’t drive you mad. And finally, by living in Williamsburg, you can experience all four seasons in their full glory.
Thriving in Williamsburg has certain drawbacks as well. For instance, as the summer tourist season kicks in, the traffic can become slightly congested. Most importantly, next to Williamsburg, you can find various military bases. As a result, adjacent neighborhoods can get noisy as planes and jets take off or land. And you’d better dress up really warm as winters usually get harsh!
There are myriad reasons why moving to Williamsburg can be a blessing. Right off the bat, Williamsburg scored an excellent 77 percent rating on the livability score. Thus, residents expressed their overall satisfaction with their Williamsburg experience.
Gradually, Williamsburg becomes one of the most popular tourist hotspots and relocation destinations in Virginia for all the good reasons. In conclusion, reliable local real estate agents in Williamsburg VA promise you. Moving to this unique city will prove a Royal Flush - it beats all other hands!