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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Williamsport, PA Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Williamsport, PA Housing Market Trends

With 27,403 people, 11,017 houses or apartments, and a median cost of homes of $153,709, house prices in Williamsport are solidly below the national average.

Single-family detached homes are the single most common housing type in Williamsport, accounting for 43.58% of the city's housing units. Other types of housing that are prevalent in Williamsport include duplexes, homes converted to apartments or other small apartment buildings ( 22.13%), large apartment complexes or high rise apartments ( 18.85%), and a few row houses and other attached homes ( 15.24%).

The most prevalent building size and type in Williamsport are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 38.05% owning and 61.95% renting.

The housing in Williamsport was primarily built before 1939 ( 51.61%), making the housing stock in Williamsport some of the oldest overall in America, although there is a range of ages of homes in Williamsport. The next most important housing age is between 1940-1969 ( 25.42%), followed by between 1970-1999 ( 15.63%). There's also some housing in Williamsport built between 2000 and later ( 7.35%).

Vacant housing appears to be an issue in Williamsport. Fully 16.14% of the housing stock is classified as vacant. Left unchecked, vacant Williamsport homes and apartments can be a drag on the real estate market, holding Williamsport 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.

Williamsport Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Williamsport, where house values have increased just 39.32%, which is annualized rate of 3.37%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Williamsport appreciation rates have trailed the rest of the nation. In the last twelve months, Williamsport's appreciation rate has been -0.42%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Williamsport were at -1.37%, which equates to an annual appreciation rate of -5.37%.

Notably, Williamsport's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Pennsylvania, our data show that Williamsport's latest annual appreciation rate is lower than 90% of the other cities and towns in Pennsylvania.

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

Average Home Values

Median Home Value

$153,709

Williamsport, PA Home Prices
> $1,293,000
$970,001 - $1,293,000
$647,001 - $970,000
$518,001 - $647,000
$388,001 - $518,000
$259,001 - $388,000
$129,001 - $259,000
$64,001 - $129,000
$0 - $64,000
0.4%
0.4%
0.2%
0.2%
0.2%
0.2%
0.6%
0.6%
2.1%
2.1%
6.3%
6.3%
45.5%
45.5%
38.1%
38.1%
6.5%
6.5%
0% 100.0%
% of Homes
Low

for Pennsylvania

Very Low

for nation

Number of Homes And Apartments:

11,017

Williamsport Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,258 / per month

Homeownership Rate

Owners
Renters
Vacant
38.1%
38.1%
61.9%
61.9%
16.1%
16.1%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
7.3%
7.3%
15.6%
15.6%
25.4%
25.4%
51.6%
51.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
43.6%
43.6%
15.2%
15.2%
22.1%
22.1%
18.9%
18.9%
0.1%
0.1%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.9%
4.9%
17.8%
17.8%
22.4%
22.4%
42.9%
42.9%
9.9%
9.9%
2.1%
2.1%
0% 100.0%
% of Homes