Williamsport, PA 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 Q4 2020. 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

Williamsport, PA Housing Market Trends

With a population of 28,186, 11,433 total housing units (homes and apartments), and a median house value of $121,562, house prices in Williamsport are solidly below the national average.

Single-family detached homes are the single most common housing type in Williamsport, accounting for 47.27% of the city's housing units. Other types of housing that are prevalent in Williamsport include duplexes, homes converted to apartments or other small apartment buildings ( 21.70%), large apartment complexes or high rise apartments ( 18.46%), and a few row houses and other attached homes ( 12.19%).

The most prevalent building size and type in Williamsport are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 40.98% owning and 59.02% renting.

The housing in Williamsport was primarily built before 1939 ( 52.87%), 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 1940-1969 ( 26.21%), followed by between 1970-1999 ( 14.64%). There's also some housing in Williamsport built between 2000 and later ( 6.28%).

Vacant housing appears to be an issue in Williamsport. Fully 15.19% 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.

Williamsport Home Appreciation Rates

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 2.05% 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 7.90%, which is higher than appreciation rates in 95.31% 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 4.10%, which equates to an annual appreciation rate of 17.43%.

Importantly, NeighborhoodScout’s exclusive research found that Williamsport's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Pennsylvania, our data show that Williamsport's latest annual appreciation rate is higher than 90% of the other cities and towns in Pennsylvania.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Williamsport differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Williamsport - 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 Williamsport real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$121,562

Williamsport, PA HOME PRICES

> $1,173,000
0.3%
0.3%
$880,001 - $1,173,000
0.1%
0.1%
$586,001 - $880,000
0.2%
0.2%
$469,001 - $586,000
0.7%
0.7%
$352,001 - $469,000
3.1%
3.1%
$234,001 - $352,000
10.4%
10.4%
$117,001 - $234,000
34.4%
34.4%
$59,001 - $117,000
40.3%
40.3%
$0 - $59,000
10.4%
10.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Low for PA

Value Relative To Nation

Number Of Homes And Apartments:
11,433

Williamsport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
PA*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
68.06% 2.50%
5
5
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,092 / per month

Homeownership Rate

Owners
41.0%
41.0%
Renters
59.0%
59.0%
Vacant
15.2%
15.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
6.3%
6.3%
1970 - 1999
14.6%
14.6%
1940 - 1969
26.2%
26.2%
1939 or Older
52.9%
52.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
47.3%
47.3%
Townhomes
12.2%
12.2%
Small Apt. Buildings
21.7%
21.7%
Apt. Complexes
18.5%
18.5%
Mobile Homes
0.3%
0.3%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
5.6%
5.6%
1 Bedroom
15.6%
15.6%
2 Bedrooms
23.8%
23.8%
3 Bedrooms
40.1%
40.1%
4 Bedrooms
11.6%
11.6%
5 or more bedrooms
3.3%
3.3%
0.0% 100.0%
% OF HOMES