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 2,965 people, 1,429 houses or apartments, and a median cost of homes of $258,763, Williamstown real estate is some of the most expensive in West Virginia, although Williamstown home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Williamstown, accounting for 84.16% 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 ( 8.09%), large apartment complexes or high rise apartments ( 4.27%), and a few row houses and other attached homes ( 2.56%).
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 86.56% of Williamstown's homes, and 68.18% have either three or four bedrooms, which is average sized relative to America.
The housing in Williamstown was primarily built before 1939 ( 29.78%), making the housing stock in Williamstown some of the oldest overall in America, although there is a range of ages of homes in Williamstown. The next most important housing age is between 1940-1969 ( 27.61%), followed by between 2000 and later ( 21.76%). There's also some housing in Williamstown built between 1970-1999 ( 20.84%).
Appreciation rates for homes in Williamstown have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 87.67%, which ranks in the top 50% nationwide. This equates to an annual average Williamstown house appreciation rate of 6.50%.
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 17.36%, which is higher than appreciation rates in 99.96% 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 7.51%, which equates to an annual appreciation rate of 33.58%.
Importantly, this makes Williamstown one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
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.
$258,763
for West virginia
for nation
1,429
$1,262 / per month