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 7,663 people, 2,537 houses or apartments, and a median cost of homes of $585,236, real estate costs in Williamstown are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Massachusetts communities.
Single-family detached homes are the single most common housing type in Williamstown, accounting for 71.18% of the town's housing units. Other types of housing that are prevalent in Williamstown include large apartment complexes or high rise apartments ( 13.87%), duplexes, homes converted to apartments or other small apartment buildings ( 11.41%), and a few row houses and other attached homes ( 2.18%).
The most prevalent building size and type in Williamstown are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 52.09% owning and 47.91% renting.
The housing in Williamstown was primarily built before 1939 ( 36.67%), 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 ( 31.87%), followed by between 1970-1999 ( 24.12%). There's also some housing in Williamstown built between 2000 and later ( 7.35%).
Vacant housing appears to be an issue in Williamstown. Fully 21.96% of the housing stock is classified as vacant. Left unchecked, vacant Williamstown homes and apartments can be a drag on the real estate market, holding Williamstown 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 Williamstown's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.28% during the period.
NeighborhoodScout's data show that during the latest twelve months, Williamstown's appreciation rate, at 6.10%, has been at or slightly above the national average. In the latest quarter, Williamstown's appreciation rate has been 1.72%, which annualizes to a rate of 7.05%.
Relative to Massachusetts, our data show that Williamstown's latest annual appreciation rate is lower than 80% of the other cities and towns in Massachusetts.
$585,236
for Massachusetts
for nation
2,537
$2,284 / per month