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 2,162 people, 989 houses or apartments, and a median cost of homes of $232,976, Williamsport real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Williamsport, accounting for 39.84% of the town's housing units. Other types of housing that are prevalent in Williamsport include large apartment complexes or high rise apartments ( 34.38%), row houses and other attached homes ( 13.79%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 12.00%).
Williamsport is dominated by renter-occupied one, two, or no bedrooms apartments. 68.55% of Williamsport's dwellings are rentals.
The housing in Williamsport was primarily built before 1939 ( 39.84%), making the housing stock in Williamsport some of the oldest overall in America, although there is a range of ages of homes in Williamsport. The next most important housing age is between 1970-1999 ( 25.69%), followed by between 1940-1969 ( 23.28%). There's also some housing in Williamsport built between 2000 and later ( 11.19%).
Vacant housing appears to be an issue in Williamsport. Fully 11.46% of the housing stock is classified as vacant. Left unchecked, vacant Williamsport homes and apartments can be a drag on the real estate market, holding Williamsport 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.
Homes have actually lost value in Williamsport over the last then years, as home values have seen a decline of 24.68% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Williamsport home appreciation rates at -2.44%, which equates to an annual appreciation rate of -9.41%.
NeighborhoodScout's data show that during the latest twelve months, Williamsport's appreciation rate, at 3.78%, has been at or slightly above the national average. In the latest quarter, Williamsport's appreciation rate has been -2.44%, which annualizes to a rate of -9.41%.
Notably, Williamsport's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Maryland, our data show that Williamsport's latest annual appreciation rate is higher than 70% of the other cities and towns in Maryland.
|$813,001 - $1,084,000||0.0|
|$542,001 - $813,000||1.2|
|$434,001 - $542,000||4.6|
|$325,001 - $434,000||12.3|
|$217,001 - $325,000||28.2|
|$108,001 - $217,000||36.8|
|$54,001 - $108,000||10.3|
|$0 - $54,000||3.0|
|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 Williamsport HOMES|
|2000 or Newer||11.2|
|1970 - 1999||25.7|
|1940 - 1969||23.3|
|1939 or Older||39.8|
|TYPE OF Williamsport HOMES|
|Small Apt. Buildings||12.0|
|SIZE OF Williamsport HOMES|
|5 or more bedrooms||3.40|