Williamsport, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Williamsport Neighborhoods Since 2000




Williamsport, MD 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

Williamsport Housing Market Information

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.

Williamsport Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$232,976

Williamsport, MD HOME PRICES

Value Range
> $1,084,000 3.5
$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

Low for MD
High for Nation

Value Relative to Nation Value Relative to State
25.2783311848119 70.6106870229008

Number Of Homes And Apartments:
989

Williamsport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
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
37.30% 1.85% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$793 / per month

Homeownership Rate

Homeownership
Owners 31.45
Renters 68.55
Vacant 11.46

Housing Market Details

 

Age of Homes

AGE OF Williamsport HOMES
2000 or Newer 11.2
1970 - 1999 25.7
1940 - 1969 23.3
1939 or Older 39.8

Types of Homes

TYPE OF Williamsport HOMES
Single-Family 39.8
Townhomes 13.8
Small Apt. Buildings 12.0
Apt. Complexes 34.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Williamsport HOMES
No Bedroom 3.40
1 Bedroom 18.08
2 Bedrooms 39.84
3 Bedrooms 23.72
4 Bedrooms 11.55
5 or more bedrooms 3.40

Popular Neighborhoods in Williamsport

Zip Codes in Williamsport, MD