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 a population of 2,084, 865 total housing units (homes and apartments), and a median house value of $378,807, Williamsport real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Williamsport, accounting for 35.66% of the town's housing units. Other types of housing that are prevalent in Williamsport include large apartment complexes or high rise apartments ( 31.52%), duplexes, homes converted to apartments or other small apartment buildings ( 22.32%), and a few row houses and other attached homes ( 10.51%).
People in Williamsport primarily live in small (one, two or no bedroom) single-family detached homes. Williamsport has a mixture of owner-occupied and renter-occupied housing.
The housing in Williamsport was primarily built before 1939 ( 38.18%), 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 1970-1999 ( 34.65%), followed by between 1940-1969 ( 24.75%). There's also some housing in Williamsport built between 2000 and later ( 2.42%).
Vacant housing appears to be an issue in Williamsport. Fully 12.63% 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.
Real estate appreciation rates in Williamsport's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.31% during the period.
Appreciation rates are so strong in Williamsport that despite a nationwide downturn in the housing market, Williamsport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Williamsport appreciation rates continue to be some of the highest in America, at 11.70%, which is higher than appreciation rates in 92.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Williamsport. Williamsport appreciation rates in the latest quarter were at 5.18%, which equates to an annual appreciation rate of 22.39%.
Importantly, this makes Williamsport 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 Maryland, our data show that Williamsport's latest annual appreciation rate is higher than 90% of the other cities and towns in Maryland.
$378,807
for Maryland
for nation
865
$1,501 / per month