Total monthly cost of ownership
Cost to Own a Home in Williamsburg, Iowa
A $194,000 home here costs
$1,704per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $997. The real number is $707 higher every month — 71% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Williamsburg against Iowa County and Iowa
| Measure | Williamsburg | Iowa County |
|---|---|---|
| Median home value | $194,000 | $189,800 |
| Median property tax | $3,188 | $2,560 |
| Effective tax rate | 1.643% | 1.349% |
| Median gross rent | $702 | $722 |
| Population | 3,347 | 16,547 |
The weather behind that power bill
Williamsburg sits in Iowa County, which averages a high of 84.0°F in its hottest month and a low of 10.4°F in its coldest, with 37.69" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 785 cooling and 6,866 heating degree days, which is what sets the $127 electricity line above.
See the full climate breakdown for Iowa County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Iowa County
Common questions
How much does it cost to own a home in Williamsburg?
A $194,000 home in Williamsburg, Iowa costs approximately $1,704 per month with 20% down at 6.66%. That is $997 principal and interest, $266 property tax, $84 homeowners insurance, $195 utilities and $162 set aside for maintenance.
What is the property tax rate in Williamsburg?
Williamsburg has an effective property tax rate of 1.643%, based on a median home value of $194,000 and median real estate taxes of $3,188. That is higher than the Iowa County average of 1.349%.
What is the average home price in Williamsburg?
The median owner-occupied home value in Williamsburg, Iowa is $194,000, against $189,800 across Iowa County.
Is it cheaper to rent or buy in Williamsburg?
Median gross rent in Williamsburg is $702 a month, against $1,704 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Williamsburg — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Iowa.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.