Williston, ND
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Williston Neighborhoods Since 2000




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 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

Williston Housing Market Information

With a population of 26,977, 9,102 total housing units (homes and apartments), and a median house value of $261,120, 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 49.30% of the city's housing units. Other types of housing that are prevalent in Williston include large apartment complexes or high rise apartments ( 26.81%), mobile homes or trailers ( 14.16%), and a few row houses and other attached homes ( 4.81%).

The most prevalent building size and type in Williston are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.48% owning and 40.52% renting.

There is a lot of housing in Williston 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 Williston built between 2000 and later ( 27.25%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.09%). There's also some housing in Williston built before 1939 ( 9.94%).

Vacant housing appears to be an issue in Williston. Fully 15.51% 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 123.97% over the last ten years, which is an average annual home appreciation rate of 8.40%, 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.

Over the last year, Williston appreciation rates have trailed the rest of the nation. In the last twelve months, Williston's appreciation rate has been -4.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Williston were at 3.17%, which equates to an annual appreciation rate of 13.29%.

Importantly, NeighborhoodScout’s exclusive research found that Williston's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to North Dakota, our data show that Williston's latest annual appreciation rate is lower than 90% 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:
$261,120

Williston, ND HOME PRICES

Value Range
> $1,106,000 0.5
$829,001 - $1,106,000 1.0
$553,001 - $829,000 2.7
$442,001 - $553,000 3.6
$332,001 - $442,000 11.3
$221,001 - $332,000 32.0
$111,001 - $221,000 32.3
$55,001 - $111,000 11.5
$0 - $55,000 5.2

Very High for ND
High for Nation

Value Relative to Nation Value Relative to State
20.8894878706199 7.07964601769912

Number Of Homes And Apartments:
9,102

Williston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
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
283.91% 8.11% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,459 / per month

Homeownership Rate

Homeownership
Owners 59.48
Renters 40.52
Vacant 15.51

Housing Market Details

 

Age of Homes

AGE OF Williston HOMES
2000 or Newer 27.3
1970 - 1999 37.7
1940 - 1969 25.1
1939 or Older 9.9

Types of Homes

TYPE OF Williston HOMES
Single-Family 49.3
Townhomes 4.8
Small Apt. Buildings 4.8
Apt. Complexes 26.8
Mobile Homes 14.2
Other 0.2

Home Size

SIZE OF Williston HOMES
No Bedroom 1.72
1 Bedroom 7.06
2 Bedrooms 33.80
3 Bedrooms 35.38
4 Bedrooms 12.94
5 or more bedrooms 9.10

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Zip Codes in Williston, ND