Income needed to buy a home
James City County, VA
$157,611
a year in household income to buy the typical James City County home with 10% down.
The monthly math
Typical home value$482,692
Down payment (10%)$48,269
Loan$434,423
Principal and interest (7.40%)$3,008/mo
Property tax (0.61% a year)$247/mo
Homeowners insurance (estimate)$241/mo
Mortgage insurance$181/mo
Total monthly cost$3,678/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Far off
The typical household here earns $109,985 a year, 70% of what it takes.
In Virginia
James City County ranks #115 of 133 for the income a home takes, from least to most.
Easiest to afford in Virginia
| County | Typical home | Income needed |
|---|---|---|
| Buchanan County | $80,245 | $25,804 |
| Martinsville City | $110,964 | $36,993 |
| Dickenson County | $117,295 | $37,872 |
| Lee County | $116,546 | $38,022 |
| Covington City | $115,505 | $38,726 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.