Williamsport, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Williamsport Neighborhoods Since 2000




Williamsport, PA 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 Q2 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

Williamsport Housing Market Information

With a population of 29,201, 10,833 total housing units (homes and apartments), and a median house value of $101,912, 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 48.55% 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 ( 18.72%), large apartment complexes or high rise apartments ( 16.58%), and a few row houses and other attached homes ( 15.53%).

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 43.00% owning and 57.00% renting.

The housing in Williamsport was primarily built before 1939 ( 54.31%), 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 ( 27.03%), followed by between 1970-1999 ( 14.78%). There's also some housing in Williamsport built between 2000 and later ( 3.87%).

Vacant housing appears to be an issue in Williamsport. Fully 14.42% 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

In the last 10 years, Williamsport has experienced some of the highest home appreciation rates of any community in the nation. Williamsport real estate appreciated 19.16% over the last ten years, which is an average annual home appreciation rate of 1.77%, putting Williamsport in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Williamsport 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, Williamsport appreciation rates have trailed the rest of the nation. In the last twelve months, Williamsport's appreciation rate has been -0.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Williamsport were at 6.98%, which equates to an annual appreciation rate of 30.98%.

Importantly, NeighborhoodScout’s exclusive research found that Williamsport'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 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:
$101,912

Williamsport, PA HOME PRICES

Value Range
> $1,086,000 0.1
$815,001 - $1,086,000 0.3
$543,001 - $815,000 0.2
$434,001 - $543,000 0.5
$326,001 - $434,000 2.1
$217,001 - $326,000 6.5
$109,001 - $217,000 32.0
$54,001 - $109,000 42.2
$0 - $54,000 16.1

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
77.3932900052696 76.4251207729469

Number Of Homes And Apartments:
10,833

Williamsport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
53.50% 2.48% 7 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$953 / per month

Homeownership Rate

Homeownership
Owners 43.00
Renters 57.00
Vacant 14.42

Housing Market Details

 

Age of Homes

AGE OF Williamsport HOMES
2000 or Newer 3.9
1970 - 1999 14.8
1940 - 1969 27.0
1939 or Older 54.3

Types of Homes

TYPE OF Williamsport HOMES
Single-Family 48.6
Townhomes 15.5
Small Apt. Buildings 18.7
Apt. Complexes 16.6
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Williamsport HOMES
No Bedroom 6.41
1 Bedroom 14.45
2 Bedrooms 23.23
3 Bedrooms 39.29
4 Bedrooms 11.86
5 or more bedrooms 4.76