Williamston, MI Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Williamston, MI Housing Market Trends

With a population of 3,965, 1,685 total housing units (homes and apartments), and a median house value of $225,868, Williamston real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Williamston, accounting for 54.26% of the city's housing units. Other types of housing that are prevalent in Williamston include large apartment complexes or high rise apartments ( 19.44%), row houses and other attached homes ( 9.32%), and a few mobile homes or trailers ( 9.00%).

Dwellings in Williamston tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 50.08% of the homes in Williamston have two or fewer bedrooms.

There is a lot of housing in Williamston built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Williamston built between 2000 and later ( 25.71%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.71%). There's also some housing in Williamston built before 1939 ( 16.01%).

Williamston Home Appreciation Rates

Appreciation rates for homes in Williamston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 50.20%, which ranks in the top 30% nationwide. This equates to an annual average Williamston house appreciation rate of 4.15%.

NeighborhoodScout's data show that during the latest twelve months, Williamston's appreciation rate, at 5.40%, has been at or slightly above the national average. In the latest quarter, Williamston's appreciation rate has been 2.58%, which annualizes to a rate of 10.71%.

Relative to Michigan, our data show that Williamston's latest annual appreciation rate is lower than 80% of the other cities and towns in Michigan.

Average Home Values

 
info

Median Home Value:
$225,868

Williamston, MI HOME PRICES

> $1,182,000
1.0%
1.0%
$886,001 - $1,182,000
0.0%
0.0%
$591,001 - $886,000
3.3%
3.3%
$473,001 - $591,000
1.9%
1.9%
$355,001 - $473,000
14.0%
14.0%
$236,001 - $355,000
25.6%
25.6%
$118,001 - $236,000
38.8%
38.8%
$59,001 - $118,000
8.2%
8.2%
$0 - $59,000
7.2%
7.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for MI

Value Relative To Nation

Number Of Homes And Apartments:
1,685

Williamston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
32.83% 1.36%
5
1
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$931 / per month

Homeownership Rate

Owners
66.8%
66.8%
Renters
33.2%
33.2%
Vacant
9.7%
9.7%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
25.7%
25.7%
1970 - 1999
41.6%
41.6%
1940 - 1969
16.7%
16.7%
1939 or Older
16.0%
16.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
54.3%
54.3%
Townhomes
9.3%
9.3%
Small Apt. Buildings
8.0%
8.0%
Apt. Complexes
19.4%
19.4%
Mobile Homes
9.0%
9.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
14.9%
14.9%
2 Bedrooms
34.2%
34.2%
3 Bedrooms
26.6%
26.6%
4 Bedrooms
16.7%
16.7%
5 or more bedrooms
6.6%
6.6%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Williamston

Zip Codes in Williamston, MI