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 Q1 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (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 28,834, 10,730 total housing units (homes and apartments), and a median house value of $97,729, 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 49.60% 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 ( 18.71%), large apartment complexes or high rise apartments ( 17.20%), and a few row houses and other attached homes ( 13.89%).

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 44.22% owning and 55.78% renting.

The housing in Williamsport was primarily built before 1939 ( 53.16%), 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 ( 27.62%), followed by between 1970-1999 ( 15.02%). There's also some housing in Williamsport built between 2000 and later ( 4.19%).

Vacant housing appears to be an issue in Williamsport. Fully 14.59% 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 17.72%, which ranks in the top 30% nationwide. This equates to an annual average Williamsport house appreciation rate of 1.65%.

NeighborhoodScout's data show that during the latest twelve months, Williamsport's appreciation rate, at 7.04%, has been at or slightly above the national average. In the latest quarter, Williamsport's appreciation rate has been 1.76%, which annualizes to a rate of 7.22%.

Relative to Pennsylvania, our data show that Williamsport's latest annual appreciation rate is higher than 80% 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:
$97,729

Williamsport, PA HOME PRICES

Value Range
> $1,056,687 0.1
$792,808 - $1,056,687 0.1
$528,844 - $792,807 0.3
$422,831 - $528,843 0.5
$317,073 - $422,830 2.3
$211,233 - $317,072 7.5
$105,701 - $211,232 31.3
$53,028 - $105,700 43.9
$0 - $53,027 13.9

Low for PA
Very Low for Nation

Value Relative to Nation Value Relative to State
81.9678832116788 79.7297297297297

Number Of Homes And Apartments:
10,730

Williamsport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2017 Q4 - 2018 Q1
Last 12 Months:
2017 Q1 - 2018 Q1
Last 2 Years:
2016 Q1 - 2018 Q1
Last 5 Years:
2013 Q1 - 2018 Q1
Last 10 Years:
2008 Q1 - 2018 Q1
Since 2000:
2000 Q1 - 2018 Q1
50.73% 2.27%
6
5
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$971 / per month

Homeownership Rate

Homeownership
Owners 44.22
Renters 55.78
Vacant 14.59

Housing Market Details

 

Age of Homes

AGE OF Williamsport HOMES
2000 or Newer 4.2
1970 - 1999 15.0
1940 - 1969 27.6
1939 or Older 53.2

Types of Homes

TYPE OF Williamsport HOMES
Single-Family 49.6
Townhomes 13.9
Small Apt. Buildings 18.7
Apt. Complexes 17.2
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Williamsport HOMES
No Bedroom 5.51
1 Bedroom 14.17
2 Bedrooms 24.36
3 Bedrooms 40.60
4 Bedrooms 11.27
5 or more bedrooms 4.10