Williamsport, PA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q4 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Williamsport Housing Market Information

With 28,462 people, 11,253 houses or apartments, and a median cost of homes of $111,658, 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 48.46% 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 ( 19.89%), large apartment complexes or high rise apartments ( 18.56%), and a few row houses and other attached homes ( 12.35%).

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 42.72% owning and 57.28% renting.

The housing in Williamsport was primarily built before 1939 ( 51.91%), 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 ( 27.25%), followed by between 1970-1999 ( 15.39%). There's also some housing in Williamsport built between 2000 and later ( 5.45%).

Vacant housing appears to be an issue in Williamsport. Fully 13.54% 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

Appreciation rates for homes in Williamsport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 17.24%, which ranks in the top 50% nationwide. This equates to an annual average Williamsport house appreciation rate of 1.60%.

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 5.40%, 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 4.60%, which equates to an annual appreciation rate of 19.70%.

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 higher than 50% 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:
$111,658

Williamsport, PA HOME PRICES

Value Range
> $1,102,000 0.1
$826,001 - $1,102,000 0.1
$551,001 - $826,000 0.4
$441,001 - $551,000 0.7
$331,001 - $441,000 2.2
$220,001 - $331,000 6.6
$110,001 - $220,000 29.9
$55,001 - $110,000 46.4
$0 - $55,000 13.5

Low for PA
Low for Nation

Value Relative to Nation Value Relative to State
76.5197080291971 74.3243243243243

Number Of Homes And Apartments:
11,253

Williamsport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
Since 2000:
2000 Q1 - 2018 Q4
54.06% 2.27%
5
5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$925 / per month

Homeownership Rate

Homeownership
Owners 42.72
Renters 57.28
Vacant 13.54

Housing Market Details

 

Age of Homes

AGE OF Williamsport HOMES
2000 or Newer 5.5
1970 - 1999 15.4
1940 - 1969 27.3
1939 or Older 51.9

Types of Homes

TYPE OF Williamsport HOMES
Single-Family 48.5
Townhomes 12.4
Small Apt. Buildings 19.9
Apt. Complexes 18.6
Mobile Homes 0.6
Other 0.1

Home Size

SIZE OF Williamsport HOMES
No Bedroom 5.94
1 Bedroom 14.53
2 Bedrooms 24.83
3 Bedrooms 40.77
4 Bedrooms 10.36
5 or more bedrooms 3.56