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 about Scout's Real Estate Data
With 2,982 people, 1,332 houses or apartments, and a median cost of homes of $203,438, house prices in Williamstown are solidly below the national average.
Single-family detached homes are the single most common housing type in Williamstown, accounting for 81.20% of the city's housing units. Other types of housing that are prevalent in Williamstown include duplexes, homes converted to apartments or other small apartment buildings ( 9.36%), large apartment complexes or high rise apartments ( 5.22%), and a few row houses and other attached homes ( 3.36%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Williamstown. Owner-occupied housing accounts for 92.27% of Williamstown's homes, and 70.05% 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. Williamstown's housing was primarily built during this period, from the '40s through the '60s. A full 34.31% of the city's housing hails from this era. Other housing ages represented in Williamstown include homes built between 1970-1999 ( 25.45%) and housing constructed between 2000 and later ( 21.30%). There's also some housing in Williamstown built before 1939 ( 18.94%).
Real estate appreciation rates in Williamstown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.21% during the period.
Appreciation rates are so strong in Williamstown that despite a nationwide downturn in the housing market, Williamstown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Williamstown appreciation rates continue to be some of the highest in America, at 9.77%, which is higher than appreciation rates in 93.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Williamstown. Williamstown appreciation rates in the latest quarter were at -2.48%, which equates to an annual appreciation rate of -9.54%.
Notably, Williamstown's appreciation rate in the latest quarter is one of the lowest in America.
Relative to West Virginia, our data show that Williamstown's latest annual appreciation rate is higher than 90% of the other cities and towns in West Virginia.
$1,245 / per month