Williamston, SC
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Williamston, SC 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 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

Williamston Housing Market Information

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.

Williamston Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$114,621

Williamston, SC HOME PRICES

Value Range
> $1,124,000 0.0
$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

Average for SC
Low for Nation

Value Relative to Nation Value Relative to State
68.5251377006914 48.1412639405204

Number Of Homes And Apartments:
1,693

Williamston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
SC*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
32.99% 1.67% 5 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$855 / per month

Homeownership Rate

Homeownership
Owners 71.56
Renters 28.44
Vacant 14.15

Housing Market Details

 

Age of Homes

AGE OF Williamston HOMES
2000 or Newer 3.4
1970 - 1999 41.4
1940 - 1969 48.9
1939 or Older 6.3

Types of Homes

TYPE OF Williamston HOMES
Single-Family 83.7
Townhomes 0.0
Small Apt. Buildings 1.3
Apt. Complexes 6.9
Mobile Homes 8.1
Other 0.0

Home Size

SIZE OF Williamston HOMES
No Bedroom 0.00
1 Bedroom 0.00
2 Bedrooms 34.28
3 Bedrooms 57.81
4 Bedrooms 7.20
5 or more bedrooms 0.71

Popular Neighborhoods in Williamston

Zip Codes in Williamston, SC