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King William

Learn about the people, housing, costs and businesses in King William, Virginia

Median Home$309,207
Median Rent$895/month
Population299
Leading IndustryWholesale Trade22% of local workforce
Home Value Growth⬆⬆⬆+33.7% over 2 years
Young Adults29% of residentsslightly above average
Homeowners87% of occupied units
NotableVeteran Community14% of residents · top 3% nationally
NotableHigh Incomes$85k/year · top 30% nationally
King William
VA

Frequently Asked Questions

What are today's mortgage rates in King William?

As of today, the 30-year fixed mortgage rate for King William is approximately 6.955% (6.993% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in King William?

The median home value in King William is $309k. The median monthly rent is $895. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in King William?

Home values in King William have increased 33.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in King William?

Based on a typical all-in ownership cost of $1,113/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $48k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in King William is $85k/year.

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What industries drive the economy in King William?

The largest employment sectors in King William are wholesale trade (22%) and public administration (21%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.