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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 7,620 people, 2,275 houses or apartments, and a median cost of homes of $274,450, 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 68.35% 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 ( 13.32%), large apartment complexes or high rise apartments ( 9.23%), and a few mobile homes or trailers ( 6.92%).
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 48.60% owning and 51.40% 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 36.42% of the town's housing hails from this era. Other housing ages represented in Williamstown include homes built before 1939 ( 35.09%) and housing constructed between 1970-1999 ( 25.35%). There's also some housing in Williamstown built between 2000 and later ( 3.13%).
Vacant housing appears to be an issue in Williamstown. Fully 22.49% 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.
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 -0.48% 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 0.83%, 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 -1.88%, which equates to an annual appreciation rate of -7.33%.
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.
|$768,001 - $1,023,000||3.6|
|$512,001 - $768,000||10.7|
|$409,001 - $512,000||12.2|
|$307,001 - $409,000||21.8|
|$205,001 - $307,000||26.2|
|$102,001 - $205,000||16.1|
|$51,001 - $102,000||0.8|
|$0 - $51,000||6.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Williamstown HOMES|
|2000 or Newer||3.1|
|1970 - 1999||25.3|
|1940 - 1969||36.4|
|1939 or Older||35.1|
|TYPE OF Williamstown HOMES|
|Small Apt. Buildings||13.3|
|SIZE OF Williamstown HOMES|
|5 or more bedrooms||6.24|