Williamstown, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Williamstown, NJ Real Estate Data


Williamstown Housing Market Information

With a population of 16,106, 5,676 total housing units (homes and apartments), and a median house value of $213,005, Williamstown real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Williamstown homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Williamstown, accounting for 74.03% of the town's housing units. Other types of housing that are prevalent in Williamstown include large apartment complexes or high rise apartments ( 14.13%), row houses and other attached homes ( 5.96%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.48%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Williamstown. Owner-occupied housing accounts for 72.87% of Williamstown's homes, and 60.22% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Williamstown 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 Williamstown built between 1940-1969 ( 21.20%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.82%). There's also some housing in Williamstown built before 1939 ( 9.31%).

Williamstown Home Appreciation Rates

Williamstown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Williamstown during the period has been just -1.99%, which is lower than 80% of US communities.

Over the last year, Williamstown appreciation rates have trailed the rest of the nation. In the last twelve months, Williamstown's appreciation rate has been 3.67%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Williamstown were at 1.89%, which equates to an annual appreciation rate of 7.76%.

Relative to New Jersey, our data show that Williamstown's latest annual appreciation rate is lower than 50% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Williamstown differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Williamstown - 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 Williamstown real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$213,005

Williamstown, NJ HOME PRICES

Value Range
> $1,071,000 0.3
$803,001 - $1,071,000 0.4
$536,001 - $803,000 0.1
$429,001 - $536,000 1.8
$322,001 - $429,000 10.0
$214,001 - $322,000 35.6
$107,001 - $214,000 44.0
$53,001 - $107,000 3.9
$0 - $53,000 3.9

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
30.0813960297476 85.5691056910569

Number Of Homes And Apartments:
5,676

Rent & Ownership

 

Average Market Rent:
$1,219 / per month

Homeownership Rate

Homeownership
Owners 72.87
Renters 27.13
Vacant 6.00

Housing Market Details

 

Age of Homes

AGE OF Williamstown HOMES
2000 or Newer 17.8
1970 - 1999 51.7
1940 - 1969 21.2
1939 or Older 9.3

Types of Homes

TYPE OF Williamstown HOMES
Single-Family 74.0
Townhomes 6.0
Small Apt. Buildings 5.5
Apt. Complexes 14.1
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Williamstown HOMES
No Bedroom 2.98
1 Bedroom 11.33
2 Bedrooms 22.61
3 Bedrooms 36.97
4 Bedrooms 23.25
5 or more bedrooms 2.87

Williamstown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
51.87% 2.49% 4 6
* 10 is highest