Williamstown, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Williamstown Neighborhoods Since 2000




Williamstown, NJ 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

Williamstown Housing Market Information

With 16,106 people, 5,657 houses or apartments, and a median cost of homes of $185,421, 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 74.44% of the town's housing units. Other types of housing that are prevalent in Williamstown include large apartment complexes or high rise apartments ( 11.79%), duplexes, homes converted to apartments or other small apartment buildings ( 6.83%), and a few row houses and other attached homes ( 6.35%).

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 74.85% of Williamstown's homes, and 60.49% 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 2000 and later ( 19.46%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.82%). There's also some housing in Williamstown built before 1939 ( 10.08%).

Williamstown Home Appreciation Rates

Homes have actually lost value in Williamstown over the last then years, as home values have seen a decline of 23.59% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Williamstown home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

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 0.17%, 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 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Williamstown's latest annual appreciation rate is lower than 80% 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:
$185,421

Williamstown, NJ HOME PRICES

Value Range
> $1,021,000 0.4
$765,001 - $1,021,000 0.4
$510,001 - $765,000 0.6
$408,001 - $510,000 1.5
$306,001 - $408,000 10.2
$204,001 - $306,000 33.5
$102,001 - $204,000 46.0
$51,001 - $102,000 4.1
$0 - $51,000 3.4

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
36.2475096683464 88.6178861788618

Number Of Homes And Apartments:
5,657

Williamstown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
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
41.95% 2.05% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,280 / per month

Homeownership Rate

Homeownership
Owners 74.85
Renters 25.15
Vacant 6.22

Housing Market Details

 

Age of Homes

AGE OF Williamstown HOMES
2000 or Newer 19.5
1970 - 1999 51.6
1940 - 1969 18.8
1939 or Older 10.1

Types of Homes

TYPE OF Williamstown HOMES
Single-Family 74.4
Townhomes 6.3
Small Apt. Buildings 6.8
Apt. Complexes 11.8
Mobile Homes 0.3
Other 0.2

Home Size

SIZE OF Williamstown HOMES
No Bedroom 2.90
1 Bedroom 10.13
2 Bedrooms 23.61
3 Bedrooms 37.12
4 Bedrooms 23.38
5 or more bedrooms 2.87