Williston appreciation rates and housing market information

Williston housing market information

With 12,579 people, 5,940 houses or apartments, and a median cost of homes of $104,543, house prices in Williston are solidly below the national average.

single-family detached homes are the single most common housing type in Williston, accounting for 59.61% of the city's housing units. Other types of housing that are prevalent in Williston include large apartment complexes or high rise apartments (20.45%), duplexes, homes converted to apartments, or other small apartment buildings (7.71%), row houses and other attached homes (6.40%), and a few mobile homes or trailers (5.82%).

People in Williston primarily live in small (one, two, or no bedroom) single-family detached homes. Williston has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Williston built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Williston built from 1940-1969 (36.78%). A lesser amount of the housing stock also hails from 1939 and earlier (14.97%), and some were built from 1995 and later (14.97%).

Vacant housing appears to be an issue in Williston. Fully 10.83% of the housing stock is classified as vacant. Left unchecked, vacant Williston homes and apartments can be a drag on the real estate market, holding Williston real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Williston home appreciation rates

Real estate appreciation rates in Williston have tracked to near the national average over the last ten years, with the annual appreciation rate averaging 6.33% during the period.

Appreciation rates are so strong in Williston that despite a nationwide downturn in the housing market, Williston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Williston appreciation rates continue to be some of the highest in America, at 4.92%, which is higher than appreciation rates in 89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Williston. Williston appreciation rates in the latest quarter were at -0.46%, which equates to an annual appreciation rate of -1.84%.

Notably, Williston's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Dakota, our data show that Williston's latest annual appreciation rate is higher than 50% of the other cities and towns in North Dakota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Williston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Williston - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Williston real estate investment or home purchase decisions.