Yorktown, VA Homes For Sale - Virginia Real Estate | BEX Realty (2024)

FAQs

Is Yorktown VA expensive to live? ›

How do Yorktown prices compare to other US cities? Yorktown is ranked 68 out of 273 cities across the US in terms of cost of living. The cost of living in Yorktown is 104.1% of the national average.

The months from March to June are the best time to buy a house in Virginia. This is due to the higher inventory, increased competition among sellers, and potentially lower asking prices.

About. In 2022, Yorktown, VA had a population of 217 people with a median age of 59.3 and a median household income of $78,750.

The average credit score required in Virginia is 712. Down Payment and Closing Cost Requirement: Allocate 20% of the home's sale price towards a down payment, and budget 2% to 5% for closing costs.

Yorktown is a community of smaller groups like Tabb, Grafton, and York and even though all are rivals school-wise, there is no hesitation about coming together as one big community when needed. It is definitely a retiree town. The county is in between Hampton, Newport News, and Gloucester.

If getting the lowest price possible is your main priority, consider searching for a home in November or December. There won't be as many houses to choose from compared to the spring and summer months, but you'll face less competition and a higher likelihood of purchasing a home below the asking price.

The average Virginia home value is $395,685, up 5.0% over the past year and goes to pending in around 11 days.

What is the average income to live comfortably in Virginia? ›

As of Aug 2, 2024, the average annual pay for an Upper Class in Richmond is $62,099 a year.

Virginia doesn't require real estate attorneys for real estate transactions, but it's a good idea to use one anyway. Buying a home is complicated, and you want access to experts who can guide you through this process. The right attorney will ensure your best interests are represented.

Virginia is experiencing a significant housing shortage. The result is higher housing and rental prices. Specifically, the average home price in Virginia has increased 65% in the past decade.

Yorktown is a suburb of Newport News with a population of 217. Yorktown is in York County and is one of the best places to live in Virginia. Living in Yorktown offers residents a suburban rural mix feel and most residents own their homes. Residents of Yorktown tend to be conservative.

The priciest city in Virginia is Arlington, where the cost of living is 37% higher compared to the state average and 37% higher than in the rest of the U.S. The cheapest major city in Virginia is Lexington, with a cost of living 12% lower below the state average and 12% lower than the national average.

However, on average, a household income of around $70,000 per year would allow for a comfortable standard of living in Virginia, while taking into account costs such as housing, food, transportation, and taxes.

The minimum wage in Virginia is $12.00 per hour. Unlike other states, Virginia does not exempt tipped workers from the state mandated minimum wage. For this reason, tipped employees in Virginia are to receive the same minimum wage as all other employees plus earned tips.