Williston, ND Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Williston, ND Housing Market Trends

With 29,033 people, 11,230 houses or apartments, and a median cost of homes of $287,299, Williston real estate is some of the most expensive in North Dakota, although Williston home values aren't among America's most expensive.

Large apartment complexes or high rise apartments are the single most common housing type in Williston, accounting for 47.21% of the city's housing units. Other types of housing that are prevalent in Williston include single-family detached homes ( 37.10%), duplexes, homes converted to apartments or other small apartment buildings ( 5.80%), and a few row houses and other attached homes ( 5.31%). Cities that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of cities are often walkable and compact, and often have a lively downtown.

People in Williston primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Williston has a mixture of owner-occupied and renter-occupied housing.

Williston homes and real estate are some of the newest in America. 54.23% of Williston's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Williston real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 22.93%), and between 1940-1969 ( 15.61%). There's also some housing in Williston built before 1939 ( 7.23%).

Vacant housing appears to be an issue in Williston. Fully 25.33% of the housing stock is classified as vacant. Left unchecked, vacant Williston homes and apartments can be a drag on the real estate market, holding Williston 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.

Williston Home Appreciation Rates

In the last 10 years, Williston has experienced some of the highest home appreciation rates of any community in the nation. Williston real estate appreciated 71.56% over the last ten years, which is an average annual home appreciation rate of 5.55%, putting Williston in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Williston definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Williston appreciation rates have trailed the rest of the nation. In the last twelve months, Williston's appreciation rate has been 4.28%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Williston were at -0.10%, which equates to an annual appreciation rate of -0.40%.

Notably, Williston's appreciation rate in the latest quarter is one of the lowest in America.

Relative to North Dakota, our data show that Williston's latest annual appreciation rate is lower than 70% of the other cities and towns in North Dakota.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Williston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Williston - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Williston real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$287,299

Williston, ND HOME PRICES

> $1,149,000
0.4%
0.4%
$862,001 - $1,149,000
0.3%
0.3%
$575,001 - $862,000
4.6%
4.6%
$460,001 - $575,000
3.8%
3.8%
$345,001 - $460,000
21.8%
21.8%
$230,001 - $345,000
32.2%
32.2%
$115,001 - $230,000
26.9%
26.9%
$57,001 - $115,000
7.2%
7.2%
$0 - $57,000
3.0%
3.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Very High for ND

Value Relative To Nation

Number Of Homes And Apartments:
11,230

Williston Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
ND*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
321.19% 6.92%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,140 / per month

Homeownership Rate

Owners
45.2%
45.2%
Renters
54.8%
54.8%
Vacant
25.3%
25.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
54.2%
54.2%
1970 - 1999
22.9%
22.9%
1940 - 1969
15.6%
15.6%
1939 or Older
7.2%
7.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
37.1%
37.1%
Townhomes
5.3%
5.3%
Small Apt. Buildings
5.8%
5.8%
Apt. Complexes
47.2%
47.2%
Mobile Homes
4.6%
4.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
12.6%
12.6%
2 Bedrooms
40.1%
40.1%
3 Bedrooms
26.3%
26.3%
4 Bedrooms
13.6%
13.6%
5 or more bedrooms
5.7%
5.7%
0.0% 100.0%
% OF HOMES

Popular Communities Near Williston, ND

Zip Codes in Williston, ND