Williston ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Williston, ND 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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Williston Housing Market Information

With 25,586 people, 9,946 houses or apartments, and a median cost of homes of $284,260, Williston real estate is some of the most expensive in North Dakota, although Williston home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Williston, accounting for 41.91% of the city's housing units. Other types of housing that are prevalent in Williston include large apartment complexes or high rise apartments ( 38.24%), mobile homes or trailers ( 9.62%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.71%).

People in Williston primarily live in small (one, two or no bedroom) single-family detached homes. Williston has a mixture of owner-occupied and renter-occupied housing.

Williston homes and real estate are some of the newest in America. 43.13% of Williston's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Williston real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 29.92%), and between 1940-1969 ( 18.20%). There's also some housing in Williston built before 1939 ( 8.75%).

Vacant housing appears to be an issue in Williston. Fully 26.71% of the housing stock is classified as vacant. Left unchecked, vacant Williston homes and apartments can be a drag on the real estate market, holding Williston 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.

Williston Home Appreciation Rates

In the last 10 years, Williston has experienced some of the highest home appreciation rates of any community in the nation. Williston real estate appreciated 80.30% over the last ten years, which is an average annual home appreciation rate of 6.07%, putting Williston in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Williston definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Williston's appreciation rate, at 3.26%, has been at or slightly above the national average. In the latest quarter, Williston's appreciation rate has been 0.87%, which annualizes to a rate of 3.51%.

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

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Williston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Williston - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Williston real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$284,260

Williston, ND HOME PRICES

Value Range
> $1,029,000 0.4
$772,001 - $1,029,000 0.7
$515,001 - $772,000 2.9
$412,001 - $515,000 4.6
$309,001 - $412,000 19.7
$206,001 - $309,000 35.3
$103,001 - $206,000 20.9
$51,001 - $103,000 10.9
$0 - $51,000 4.8

Very High for ND
High for Nation

Value Relative to Nation Value Relative to State
21.5532846715328 4.3859649122807

Number Of Homes And Apartments:
9,946

Williston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
279.57% 7.08%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,369 / per month

Homeownership Rate

Homeownership
Owners 56.48
Renters 43.52
Vacant 26.71

Housing Market Details

 

Age of Homes

AGE OF Williston HOMES
2000 or Newer 43.1
1970 - 1999 29.9
1940 - 1969 18.2
1939 or Older 8.7

Types of Homes

TYPE OF Williston HOMES
Single-Family 41.9
Townhomes 4.5
Small Apt. Buildings 5.7
Apt. Complexes 38.2
Mobile Homes 9.6
Other 0.0

Home Size

SIZE OF Williston HOMES
No Bedroom 1.67
1 Bedroom 8.99
2 Bedrooms 39.24
3 Bedrooms 30.31
4 Bedrooms 12.83
5 or more bedrooms 6.96

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Zip Codes in Williston, ND