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 about Scout's Real Estate Data
With a population of 2,084, 865 total housing units (homes and apartments), and a median house value of $328,967, 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 35.66% of the town's housing units. Other types of housing that are prevalent in Williamsport include large apartment complexes or high rise apartments ( 31.52%), duplexes, homes converted to apartments or other small apartment buildings ( 22.32%), and a few row houses and other attached homes ( 10.51%).
People in Williamsport primarily live in small (one, two or no bedroom) single-family detached homes. Williamsport has a mixture of owner-occupied and renter-occupied housing.
The housing in Williamsport was primarily built before 1939 ( 38.18%), 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 ( 34.65%), followed by between 1940-1969 ( 24.75%). There's also some housing in Williamsport built between 2000 and later ( 2.42%).
Vacant housing appears to be an issue in Williamsport. Fully 12.63% 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.
Williamsport's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Williamsport during the period has been just 4.78%, which is lower than 80% of US communities.
Over the last year, Williamsport appreciation rates have trailed the rest of the nation. In the last twelve months, Williamsport's appreciation rate has been 4.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Williamsport were at 1.12%, which equates to an annual appreciation rate of 4.56%.
Relative to Maryland, our data show that Williamsport's latest annual appreciation rate is lower than 90% of the other cities and towns in Maryland.
$328,967
for Maryland
for nation
865
$1,472 / per month