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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 4,124, 1,693 total housing units (homes and apartments), and a median house value of $114,621, house prices in Williamston are solidly below the national average.
Single-family detached homes are the single most common housing type in Williamston, accounting for 83.72% of the town's housing units. Other types of housing that are prevalent in Williamston include mobile homes or trailers ( 8.06%), large apartment complexes or high rise apartments ( 6.95%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.27%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Williamston. Owner-occupied housing accounts for 71.56% of Williamston's homes, and 65.01% have either three or four bedrooms, which is average sized relative to America.
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. Williamston's housing was primarily built during this period, from the '40s through the '60s. A full 48.88% of the town's housing hails from this era. Other housing ages represented in Williamston include homes built between 1970-1999 ( 41.38%) and housing constructed before 1939 ( 6.29%). There's also some housing in Williamston built between 2000 and later ( 3.45%).
Vacant housing appears to be an issue in Williamston. Fully 14.15% of the housing stock is classified as vacant. Left unchecked, vacant Williamston homes and apartments can be a drag on the real estate market, holding Williamston 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.
Appreciation rates for homes in Williamston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.87%, which ranks in the top 40% nationwide. This equates to an annual average Williamston house appreciation rate of 0.57%.
NeighborhoodScout's data show that during the latest twelve months, Williamston's appreciation rate, at 4.96%, has been at or slightly above the national average. In the latest quarter, Williamston's appreciation rate has been 1.93%, which annualizes to a rate of 7.93%.
Importantly, this makes Williamston one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to South Carolina, our data show that Williamston's latest annual appreciation rate is higher than 60% of the other cities and towns in South Carolina.
|$843,001 - $1,124,000||0.0|
|$562,001 - $843,000||0.4|
|$449,001 - $562,000||1.2|
|$338,001 - $449,000||3.0|
|$225,001 - $338,000||9.4|
|$113,001 - $225,000||34.5|
|$56,001 - $113,000||41.6|
|$0 - $56,000||9.9|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Williamston HOMES|
|2000 or Newer||3.4|
|1970 - 1999||41.4|
|1940 - 1969||48.9|
|1939 or Older||6.3|
|TYPE OF Williamston HOMES|
|Small Apt. Buildings||1.3|
|SIZE OF Williamston HOMES|
|5 or more bedrooms||0.71|