Williamsburg, OH
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Williamsburg, OH Real Estate Data


Williamsburg Housing Market Information

With a population of 2,549, 797 total housing units (homes and apartments), and a median house value of $151,874, Williamsburg real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Williamsburg, accounting for 65.89% of the village's housing units. Other types of housing that are prevalent in Williamsburg include large apartment complexes or high rise apartments ( 15.89%), duplexes, homes converted to apartments or other small apartment buildings ( 15.67%), and a few mobile homes or trailers ( 2.21%).

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

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Williamsburg's housing was primarily built during this period, from the '40s through the '60s. A full 33.33% of the village's housing hails from this era. Other housing ages represented in Williamsburg include homes built before 1939 ( 29.03%) and housing constructed between 1970-1999 ( 23.18%). There's also some housing in Williamsburg built between 2000 and later ( 14.46%).

Vacant housing appears to be an issue in Williamsburg. Fully 12.03% of the housing stock is classified as vacant. Left unchecked, vacant Williamsburg homes and apartments can be a drag on the real estate market, holding Williamsburg 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.

Williamsburg Home Appreciation Rates

Appreciation rates for homes in Williamsburg have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 7.24%, which ranks in the top 40% nationwide. This equates to an annual average Williamsburg house appreciation rate of 0.70%.

NeighborhoodScout's data show that during the latest twelve months, Williamsburg's appreciation rate, at 4.81%, has been at or slightly above the national average. In the latest quarter, Williamsburg's appreciation rate has been 2.34%, which annualizes to a rate of 9.71%.

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

Average Home Values

 

Median Home Value:
$151,874

Williamsburg, OH HOME PRICES

Value Range
> $1,162,000 0.0
$871,001 - $1,162,000 0.0
$581,001 - $871,000 1.2
$465,001 - $581,000 0.7
$349,001 - $465,000 3.0
$232,001 - $349,000 18.9
$116,001 - $232,000 36.7
$58,001 - $116,000 28.0
$0 - $58,000 11.5

High for OH
Average for Nation

Value Relative to Nation Value Relative to State
49.9619371083914 39.501312335958

Number Of Homes And Apartments:
797

Rent & Ownership

 

Average Market Rent:
$711 / per month

Homeownership Rate

Homeownership
Owners 46.82
Renters 53.18
Vacant 12.03

Housing Market Details

 

Age of Homes

AGE OF Williamsburg HOMES
2000 or Newer 14.5
1970 - 1999 23.2
1940 - 1969 33.3
1939 or Older 29.0

Types of Homes

TYPE OF Williamsburg HOMES
Single-Family 65.9
Townhomes 0.3
Small Apt. Buildings 15.7
Apt. Complexes 15.9
Mobile Homes 2.2
Other 0.0

Home Size

SIZE OF Williamsburg HOMES
No Bedroom 1.21
1 Bedroom 15.56
2 Bedrooms 38.30
3 Bedrooms 33.89
4 Bedrooms 6.62
5 or more bedrooms 4.42

Williamsburg Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OH*
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
17.99% 0.98% 7 2
* 10 is highest