Total monthly cost of ownership
Cost to Own a Home in Williamsburg, Iowa
A $194,000 home here costs
$1,779per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $76,500 a year.
A standard mortgage calculator would have told you $1,058. The real number is $722 higher every month, 68% more than the payment most buyers budget for.
Compare Iowa County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Williamsburg from a five-year rolling sample, and with about 3,347 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Iowa County figures are drawn from a far larger sample if you want a steadier number.
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 $142 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
Talk to someone who works this market
These are Williamsburg averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Williamsburg every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Williamsburg I already own here and may sell
Common questions
How much does it cost to own a home in Williamsburg?
A $194,000 home in Williamsburg, Iowa costs approximately $1,779 per month with 20% down at 7.24%. That is $1,058 principal and interest, $266 property tax, $84 homeowners insurance, $210 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 $1,779 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Williamsburg?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Williamsburg, Iowa at today's rate takes a household income of roughly $76,500 a year. That covers the full $1,779 monthly cost, not just the mortgage payment.
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.