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 4,148, 1,657 total housing units (homes and apartments), and a median house value of $231,885, house prices in Williamston are solidly below the national average.
Single-family detached homes are the single most common housing type in Williamston, accounting for 75.13% of the town's housing units. Other types of housing that are prevalent in Williamston include large apartment complexes or high rise apartments ( 16.36%), mobile homes or trailers ( 4.94%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.57%).
The most prevalent building size and type in Williamston are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.23% owning and 37.77% renting.
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. Williamston's housing was primarily built during this period, from the '40s through the '60s. A full 46.18% of the town's housing hails from this era. Other housing ages represented in Williamston include homes built between 1970-1999 ( 36.29%) and housing constructed between 2000 and later ( 14.83%). There's also some housing in Williamston built before 1939 ( 2.70%).
Vacant housing appears to be an issue in Williamston. Fully 15.55% of the housing stock is classified as vacant. Left unchecked, vacant Williamston homes and apartments can be a drag on the real estate market, holding Williamston 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.
In the last 10 years, Williamston has experienced some of the highest home appreciation rates of any community in the nation. Williamston real estate appreciated 142.92% over the last ten years, which is an average annual home appreciation rate of 9.28%, putting Williamston in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Williamston definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Williamston that despite a nationwide downturn in the housing market, Williamston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Williamston appreciation rates continue to be some of the highest in America, at 9.91%, which is higher than appreciation rates in 86.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Williamston. Williamston appreciation rates in the latest quarter were at 0.74%, which equates to an annual appreciation rate of 2.98%.
Relative to South Carolina, our data show that Williamston's latest annual appreciation rate is lower than 50% of the other cities and towns in South Carolina.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Williamston differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Williamston - 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 Williamston real estate investment or home purchase decisions.
$231,885
for South carolina
for nation
1,657
$1,458 / per month