Housing costs in King William?
A typical home costs
$297,300, which is 12.1% less expensive than the national average of
$338,100 and 13.4% less expensive than the average Virginia home, at
$343,200. Renting a two-bedroom unit in King William costs
$1,320 per month, which is 5.7% cheaper than the national average of
$1,400 and close to the state average of
$1,330.
Can I afford King William?
To live comfortably in King William (zip 23086), Virginia, a minimum annual income of
$56,880 for a family, and
$46,800 for a single person is recommended.
What does A.I. say about King William?
The cost of living in 23086 King William, VA is higher than most other places in the United States. The median home value in the area is $248,800 which is more than double the national average. This high cost can be attributed to the demand for housing due to its close proximity to popular cities such as Richmond and Norfolk. In addition, the area has a low unemployment rate of just 3.8%, suggesting that there are plenty of job opportunities available and people are willing to pay higher prices for housing. Overall, living in King William is definitely an expensive prospect but it also provides many benefits such as access to nearby metropolitan areas and a strong local economy.