Housing Insights for ZIP Code 23168 (Toano, VA)

Housing Summary for ZIP Code 23168

Homeowners

The median home value in ZIP Code 23168 (Toano, VA) is $282,200. Approximately 80.6% of homes in this region are owner-occupied units, and the estimated homeowner vacancy rate is currently 0.0%.

The average occupancy of owner-occupied units in ZIP Code 23168 is 3.05 occupants, while owner-occupied units have an aggregate average size of 3.4 bedrooms per housing unit.

Renters

In the 23168 ZIP Code, an estimated 19.4% of all housing units are occupied by renters. This ZIP-defined region has is an estimated rental vacany rate of 17.9%.

Among renter-occupied units in this ZIP, the average occupancy is 2.47 occupants, while renters in this James City County region spend an average of 0% of their income on housing rental costs.

Housing Stats for ZIP Code 23168

See the table below for a regional snapshot of data related to both owner-occupied housing and rentals in ZIP Code 23168.

ZIP 23168 Virginia U.S.
Median Home Value $282,200 $402,127 $364,385
Owner-Occupied Housing Units 80.6% 66.3% 64.0%
Homeowner Vacancy Rate 0.0% 1.5% 1.6%
Average Size of Owner-Occupied Unit 3.05 2.67 2.70
Average # of Bedrooms Per Unit 3.4 2.97 2.75
Median Housing Rent $0 $1,234 $1,062
Renter-Occupied Housing Units 19.4% 33.7% 36.0%
Rental Vacancy Rate 17.9% 5.4% 6.0%
Average Size of Renter-Occupied Unit 2.47 2.48 2.49
Percent of Income Spent on Rent 0% 29.45% 29.83%

Home Values in ZIP Code 23168 (Toano, VA)

The median home value in ZIP Code 23168 is $282,200. That median value is about 3% higher than the median home value of $273,100 in Virginia overall, and is 30% higher than the $217,500 the median home value in the entire U.S. Approximately 36.6% of homes in ZIP Code 23168 are valued $200,000 to $299,999. That is 69% higher than in the state ofVirginia, where 21.7% of homes are valued at $200,000 to $299,999, and is about 87% higher than in the U.S. overall (19.6% of homes valued at $200,000 to $299,999). The home value range that the smallest portion of ZIP Code 23168 homes fall into is $1,000,000 or more (0.0% of homes).

Home Values in ZIP Code 23168

This chart visualizes the breakdown of home values in ZIP Code 23168, Virginia, and also in the U.S. overall.

A bar chart visualizing the breakdown of home values in ZIP Code 23168 vs. home values in both the state of Virginia and in the U.S. overall.

Home Values in ZIP Code 23168

See the table below for a regional comparison of home values in ZIP Code 23168.

Home Value ZIP 23168 Virginia U.S.
Less than $50,000 0.0% 4.3% 6.9%
$50,000 to $99,999 1.2% 6.7% 12.0%
$100,000 to $149,999 3.0% 9.7% 13.3%
$150,000 to $199,999 14.6% 13.0% 14.0%
$200,000 to $299,999 36.6% 21.7% 19.6%
$300,000 to $499,999 31.7% 24.6% 19.3%
$500,000 to $999,999 13.0% 17.1% 11.4%
$1,000,000 or more 0.0% 2.9% 3.4%

Home Ages in ZIP Code 23168 (Toano, VA)

Approximately 26.3% of homes in this Toano, VA region were built in 2000 to 2009. This amount of homes built in 2000 to 2009 in ZIP Code 23168 is about 73% higher than percentage of homes built in this time period in Virginia overall (15.2% of homes), and is 88% higher the percentage (14.0% of homes) in the U.S. as a whole. Additionally, an esimated 19.5% of local homes were built in 1990 to 1999. On the other end of the scale, just 0.0% of homes in this James City County ZIP Code were built in 1940 to 1949 in ZIP Code 23168. In comparison, 4.4% of homes in Virginia overall were built in 1940 to 1949, while 4.9% of all U.S. homes were built in this time period.

Home Ages in ZIP Code 23168

A detailed regional comparison of home ages in ZIP Code 23168.

Year Built ZIP 23168 Virginia U.S.
2014 or later 5.9% 2.6% 2.5%
2010 to 2013 15.0% 3.2% 2.7%
2000 to 2009 26.3% 15.2% 14.0%
1990 to 1999 19.5% 15.8% 13.9%
1980 to 1989 13.2% 16.4% 13.4%
1970 to 1979 9.6% 15.7% 15.2%
1960 to 1969 0.6% 10.6% 10.6%
1950 to 1959 4.5% 8.8% 10.3%
1940 to 1949 0.0% 4.4% 4.9%
1939 or earlier 5.5% 7.4% 12.6%

Age of Homes in ZIP Code 23168

See the chart below for details on the age of homes in ZIP Code 23168, Virginia, and also in the U.S. overall. Data here refers to years that homes were built.

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Housing FAQs for ZIP Code 23168

Frequently asked questions about housing in this Toano, VA ZIP Code. Answers to questions about both owner-occupied housing and rental housing in 23168.

1

What is the average home value ZIP Code 23168?

The median home value in ZIP Code 23168 (Toano, VA) is $282,200.
2

Are homes expensive in ZIP Code 23168?

The median home value in 23168 ($282,200) is an estimated 3% higher than the aggregate median value of $273,100 in Virginia, and is 30% higher than the $217,500 the median home value in the U.S. overall.
3

What are owner-occupied vacancy rates like in ZIP Code 23168?

The vacacy rate for owner-occupied housing in ZIP Code 23168 is 0.0%. This rate is 100% lower than the overall Virginia owner-occupied vacancy rate of 1.5%. Additionally, the 23168 vacancy rate is 100% lower than the entire U.S. vacancy rate of 1.6%.
4

Does ZIP Code 23168 have older homes or newer construction?

In ZIP Code 23168, about 26.3% of homes were built in 2000 to 2009. That time range includes the most home construction. Also, 19.5% of homes in the region were built in 1990 to 1999. In contrast, 0.0% of homes in 23168 were built in 1940 to 1949.
5

What is the housing breakdown in ZIP Code 23168? Are there more rentals or owner-occupied units?

There is more owner-occupied housing in 23168 than renter-occupied housing. Owner-occupied units make up 80.6% of housing, compared to 19.4% for renter-occupied units.
6

Are rental vacancy rates high in ZIP Code 23168?

The vacacy rate for rental units in ZIP Code 23168 is 17.9%. This rate is 231% higher than the overall Virginia vacancy rate of 5.4%. Additionally, the 23168 vacancy rate is 198% higher than the entire U.S. vacancy rate of 6.0%.