Williamsburg, KY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Williamsburg Neighborhoods Since 2000




Williamsburg, KY Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Williamsburg Housing Market Information

With a population of 5,293, 1,747 total housing units (homes and apartments), and a median house value of $84,193, house prices in Williamsburg are solidly below the national average.

Single-family detached homes are the single most common housing type in Williamsburg, accounting for 57.39% of the city's housing units. Other types of housing that are prevalent in Williamsburg include large apartment complexes or high rise apartments ( 22.80%), duplexes, homes converted to apartments or other small apartment buildings ( 13.90%), and a few mobile homes or trailers ( 5.18%).

Williamsburg is dominated by renter-occupied one, two, or no bedrooms apartments. 71.53% of Williamsburg's dwellings are rentals.

There is a lot of housing in Williamsburg built from 1970 to 1999 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 Williamsburg built between 1940-1969 ( 24.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.17%). There's also some housing in Williamsburg built before 1939 ( 8.12%).

Vacant housing appears to be an issue in Williamsburg. Fully 19.86% of the housing stock is classified as vacant. Left unchecked, vacant Williamsburg homes and apartments can be a drag on the real estate market, holding Williamsburg 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.

Williamsburg Home Appreciation Rates

Real estate appreciation rates in Williamsburg's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.15% during the period.

NeighborhoodScout's data show that during the latest twelve months, Williamsburg's appreciation rate, at 3.61%, has been at or slightly above the national average. In the latest quarter, Williamsburg's appreciation rate has been 0.56%, which annualizes to a rate of 2.24%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Williamsburg differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Williamsburg - 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 2000, to assist you in making the best Williamsburg real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$84,193

Williamsburg, KY HOME PRICES

Value Range
> $1,025,000 0.0
$768,001 - $1,025,000 0.0
$512,001 - $768,000 0.0
$410,001 - $512,000 0.0
$308,001 - $410,000 0.7
$205,001 - $308,000 6.2
$102,001 - $205,000 24.2
$52,001 - $102,000 43.0
$0 - $52,000 26.0

Low for KY
Very Low for Nation

Value Relative to Nation Value Relative to State
87.8823391538732 69.4235588972431

Number Of Homes And Apartments:
1,747

Williamsburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
KY*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
15.44% 0.84% 1 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$785 / per month

Homeownership Rate

Homeownership
Owners 28.47
Renters 71.53
Vacant 19.86

Housing Market Details

 

Age of Homes

AGE OF Williamsburg HOMES
2000 or Newer 8.2
1970 - 1999 58.9
1940 - 1969 24.9
1939 or Older 8.1

Types of Homes

TYPE OF Williamsburg HOMES
Single-Family 57.4
Townhomes 0.7
Small Apt. Buildings 13.9
Apt. Complexes 22.8
Mobile Homes 5.2
Other 0.0

Home Size

SIZE OF Williamsburg HOMES
No Bedroom 0.73
1 Bedroom 11.65
2 Bedrooms 40.09
3 Bedrooms 39.95
4 Bedrooms 3.21
5 or more bedrooms 4.36

Popular Communities Near Williamsburg, KY

Zip Codes in Williamsburg, KY