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 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

Williamsport, PA Housing Market Trends

With 28,186 people, 11,433 houses or apartments, and a median cost of homes of $123,712, 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

Williamsport's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Williamsport during the period has been just 2.33%, which is lower than 80% of US communities.

Over the last year, Williamsport appreciation rates have trailed the rest of the nation. In the last twelve months, Williamsport's appreciation rate has been 6.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Williamsport were at 5.93%, which equates to an annual appreciation rate of 25.94%.

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 lower than 80% 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

 

Median Home Value:
$123,712

Williamsport, PA HOME PRICES

> $1,204,000
0.3%
0.3%
$903,001 - $1,204,000
0.1%
0.1%
$602,001 - $903,000
0.2%
0.2%
$481,001 - $602,000
0.7%
0.7%
$361,001 - $481,000
3.1%
3.1%
$241,001 - $361,000
10.4%
10.4%
$120,001 - $241,000
34.4%
34.4%
$60,001 - $120,000
40.3%
40.3%
$0 - $60,000
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:
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
72.61% 2.57%
4
4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,179 / 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

 

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