Williamstown, MA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Williamstown, MA Real Estate Data


Williamstown Housing Market Information

With a population of 7,620, 2,377 total housing units (homes and apartments), and a median house value of $319,530, Williamstown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Williamstown, accounting for 68.54% of the town's housing units. Other types of housing that are prevalent in Williamstown include duplexes, homes converted to apartments or other small apartment buildings ( 12.48%), large apartment complexes or high rise apartments ( 9.50%), and a few mobile homes or trailers ( 6.62%).

The most prevalent building size and type in Williamstown are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 50.86% owning and 49.14% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Williamstown's housing was primarily built during this period, from the '40s through the '60s. A full 37.38% of the town's housing hails from this era. Other housing ages represented in Williamstown include homes built before 1939 ( 36.26%) and housing constructed between 1970-1999 ( 24.27%). There's also some housing in Williamstown built between 2000 and later ( 2.09%).

Vacant housing appears to be an issue in Williamstown. Fully 21.29% of the housing stock is classified as vacant. Left unchecked, vacant Williamstown homes and apartments can be a drag on the real estate market, holding Williamstown 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.

Williamstown Home Appreciation Rates

Real estate appreciation rates in Williamstown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.39% during the period.

Over the last year, Williamstown appreciation rates have trailed the rest of the nation. In the last twelve months, Williamstown's appreciation rate has been -1.86%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Williamstown were at -1.08%, which equates to an annual appreciation rate of -4.24%.

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

Relative to Massachusetts, our data show that Williamstown's latest annual appreciation rate is lower than 90% of the other cities and towns in Massachusetts.

Average Home Values

 

Median Home Value:
$319,530

Williamstown, MA HOME PRICES

Value Range
> $1,016,000 1.8
$763,001 - $1,016,000 2.3
$508,001 - $763,000 12.7
$406,001 - $508,000 12.3
$305,001 - $406,000 21.0
$203,001 - $305,000 24.8
$102,001 - $203,000 15.3
$51,001 - $102,000 0.3
$0 - $51,000 9.4

Low for MA
Very High for Nation

Value Relative to Nation Value Relative to State
15.0143467822217 65.0641025641026

Number Of Homes And Apartments:
2,377

Rent & Ownership

 

Average Market Rent:
$1,373 / per month

Homeownership Rate

Homeownership
Owners 50.86
Renters 49.14
Vacant 21.29

Housing Market Details

 

Age of Homes

AGE OF Williamstown HOMES
2000 or Newer 2.1
1970 - 1999 24.3
1940 - 1969 37.4
1939 or Older 36.3

Types of Homes

TYPE OF Williamstown HOMES
Single-Family 68.5
Townhomes 2.8
Small Apt. Buildings 12.5
Apt. Complexes 9.5
Mobile Homes 6.6
Other 0.0

Home Size

SIZE OF Williamstown HOMES
No Bedroom 1.09
1 Bedroom 11.66
2 Bedrooms 26.89
3 Bedrooms 29.57
4 Bedrooms 23.58
5 or more bedrooms 7.22

Williamstown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MA*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
53.54% 2.55% 6 7
* 10 is highest