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Willis Wharf

Learn about the people, housing, costs and businesses in Willis Wharf, Virginia

Median Home$211,100
Median Rent$780/month
Population192
Leading IndustriesTransportation · Wholesale Trade · Construction10% transportation
Home Value Growth⬆⬆⬆+48.4% over 2 years
Retirees29% of residentswell above average
Homeowners60% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Willis Wharf
VA

Frequently Asked Questions

What are today's mortgage rates in Willis Wharf?

As of today, the 30-year fixed mortgage rate for Willis Wharf is approximately 6.900% (6.936% 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 Willis Wharf?

The median home value in Willis Wharf is $211k. The median monthly rent is $780. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Willis Wharf?

Home values in Willis Wharf have increased 48.4% 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 Willis Wharf?

Based on a typical all-in ownership cost of $832/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Willis Wharf is $53k/year.

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What industries drive the economy in Willis Wharf?

The largest employment sectors in Willis Wharf are public administration (20%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.