How much is a home worth in ZIP code 23188?

The typical home in 23188 is worth $470,865, based on the Zillow Home Value Index.

Are home values rising in 23188?

Home values in 23188 are down 0.6% over the past year, and up 5.7% a year over five years.

What is the typical rent in 23188?

A typical home in 23188 rents for about $1,998 a month, a gross rental yield of 5.1%.

What is the property tax rate in 23188?

The effective property tax rate in 23188 is 0.6% — roughly $2,973 a year on a typical home.

ZIP code 23188 has a population of 45,803 and a median household income of $103,160.

HousingHandbookReference data

…

U.S. ZIP Code · VA23188

James City County · Virginia Beach-Chesapeake-Norfolk, VA-NC

Typical home value

$470,865^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: -0.6%
5-year / yr: +5.7%
10-year / yr: +4.3%

Relative price

vs U.S.: +65.8%
vs metro: +33.6%
vs state: +43.4%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 23188 is worth $470,865 — 33.6% above the Virginia Beach-Chesapeake-Norfolk, VA-NC median. Over the past year, values have fallen 0.6%. Homes here rent for a typical $1,998 a month — a 5.1% gross rental yield. The effective property tax rate is 0.6%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,998^[2]
Gross yield: 5.1%^[2]
Cap rate: 3.1%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.6%^[3]
Typical annual tax: $2,973^[3]

#Climate risk

FEMA National Risk Index ratings for James City County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Low^[4]
Riverine flood: Relatively Low
Coastal flood: Relatively Low
Wildfire: Very Low
Drought: Relatively Moderate
Heat wave: Relatively Low
Hurricane: Relatively Moderate
Tornado: Relatively Low
Earthquake: Relatively Low
Winter weather: Relatively Low

#Who lives here

Population: 45,803^[3]
Median household income: $103,160^[3]

#Migration

Household moves in and out of James City County over a year, from IRS tax-return data.

Net migration: +78^[5]
Moved in: 3,165
Moved out: 3,087

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 10
Elementary: 6
Middle: 1
High: 3

Warhill High
High · Grades 9–12 · Williamsburg-James City County Public Schools
1,294 students
Lafayette High
High · Grades 9–12 · Williamsburg-James City County Public Schools
1,243 students
Stonehouse Elementary
Elementary · Grades K–5 · Williamsburg-James City County Public Schools
827 students
Lois Hornsby Middle
Middle · Grades 6–8 · Williamsburg-James City County Public Schools
807 students
Bruton High
High · Grades 9–12 · York County Public Schools
735 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.1%

Net yield (after ~40% expenses)3.1%

Annual rent$23,978

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$2,381

Loan principal$376,692

Down payment$94,173

Total interest paid$480,450

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.51

Monthly cost to own$3,021

Monthly rent$1,998

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 60th percentile^[1]
Rental yield: 8th percentile^[2]
Property tax: 29th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 23188?: The typical home in 23188 is worth $470,865, based on the Zillow Home Value Index.
Are home values rising in 23188?: Home values in 23188 are down 0.6% over the past year, and up 5.7% a year over five years.
What is the typical rent in 23188?: A typical home in 23188 rents for about $1,998 a month, a gross rental yield of 5.1%.
What is the property tax rate in 23188?: The effective property tax rate in 23188 is 0.6% — roughly $2,973 a year on a typical home.
Who lives in 23188?: ZIP code 23188 has a population of 45,803 and a median household income of $103,160.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

23185 vs 23188 →
Williamsburg, VA
Typical home
$462,702
Gross yield
5.1%
27964 vs 23188 →
NC
Typical home
$462,035
Gross yield
—
23454
Virginia Beach, VA
Typical home
$461,742
Gross yield
5.4%
23662
Poquoson, VA
Typical home
$461,131
Gross yield
—
23455
Virginia Beach, VA
Typical home
$459,841
Gross yield
6.0%
23168
VA
Typical home
$458,009
Gross yield
—

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#Jump to section

U.S. ZIP Code · VA23188

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