Williamston, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Williamston, MI 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

Williamston Housing Market Information

With 3,883 people, 1,579 houses or apartments, and a median cost of homes of $182,720, 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 55.90% of the city's housing units. Other types of housing that are prevalent in Williamston include large apartment complexes or high rise apartments ( 20.35%), row houses and other attached homes ( 11.39%), and a few mobile homes or trailers ( 8.73%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Williamston. Owner-occupied housing accounts for 66.00% of Williamston's homes, and 48.75% have either three or four bedrooms, which is average sized relative to America.

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 ( 20.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.50%). There's also some housing in Williamston built before 1939 ( 13.66%).

Vacant housing appears to be an issue in Williamston. Fully 10.49% of the housing stock is classified as vacant. Left unchecked, vacant Williamston homes and apartments can be a drag on the real estate market, holding Williamston 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.

Williamston Home Appreciation Rates

Williamston's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Williamston during the period has been just -0.86%, which is lower than 70% of US communities.

Appreciation rates are so strong in Williamston that despite a nationwide downturn in the housing market, Williamston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Williamston appreciation rates continue to be some of the highest in America, at 8.00%, which is higher than appreciation rates in 86.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Williamston. Williamston appreciation rates in the latest quarter were at 1.36%, which equates to an annual appreciation rate of 5.54%.

Relative to Michigan, our data show that Williamston's latest annual appreciation rate is higher than 70% of the other cities and towns in Michigan.

Average Home Values

 

Median Home Value:
$182,720

Williamston, MI HOME PRICES

Value Range
> $1,206,000 0.0
$904,001 - $1,206,000 0.0
$603,001 - $904,000 7.6
$482,001 - $603,000 2.4
$362,001 - $482,000 5.5
$241,001 - $362,000 14.7
$121,001 - $241,000 30.7
$60,001 - $121,000 31.7
$0 - $60,000 7.4

High for MI
High for Nation

Value Relative to Nation Value Relative to State
37.2260635181062 20.8333333333333

Number Of Homes And Apartments:
1,579

Williamston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
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
7.92% 0.44% 5 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$850 / per month

Homeownership Rate

Homeownership
Owners 66.00
Renters 34.00
Vacant 10.49

Housing Market Details

 

Age of Homes

AGE OF Williamston HOMES
2000 or Newer 20.2
1970 - 1999 46.6
1940 - 1969 19.5
1939 or Older 13.7

Types of Homes

TYPE OF Williamston HOMES
Single-Family 55.9
Townhomes 11.4
Small Apt. Buildings 3.6
Apt. Complexes 20.4
Mobile Homes 8.7
Other 0.0

Home Size

SIZE OF Williamston HOMES
No Bedroom 2.38
1 Bedroom 11.11
2 Bedrooms 32.48
3 Bedrooms 35.03
4 Bedrooms 13.72
5 or more bedrooms 5.27

Popular Neighborhoods in Williamston

Zip Codes in Williamston, MI