Housing
According to the U.S. Census, there were about 41,500 housing units in the Historic Triangle in 2010 – 72% of them James City County, 16% in upper York County and Yorktown, and 12% of them in Williamsburg. The area’s housing stock grew by 45% (12,932 units) between 2000 and 2010. Most of the growth in the area’s housing stock between 2000 and 2010 was in James City County, which grew by 9,025 units. Single-family detached homes constituting over two-thirds of the housing stock in the Historic Triangle. Apartments, townhouses, and duplexes are most prevalent in Williamsburg, where College of William and Mary students, most of whom live either on campus or in rental housing, make up about 45% of the population. In general, housing values and rents are higher in the Historic Triangle than in the Virginia Beach-Norfolk-Newport News metropolitan area or the state of Virginia as a whole. Nevertheless, Census figures indicate that housing affordability is less of a problem based on the general rule that no household should have to spend more than 30% of its annual gross income on housing. According to the Census Bureau’s American Community Survey, the proportion of households paying more than 30% of their income on housing is lower in the Historic Triangle than in the metro area or the state as a whole.
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