Williamsport, Pennsylvania Housing Market Prices
Williamsport Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 23% below the Pennsylvania median$118,023
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Median rent 29% below the Pennsylvania median$854
Housing Market Overview
| Metric | Williamsport | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $118,023 | $152,469 | $248,835 |
| Price Trend (Annual %) | 5.0% | 3.7% | 7.5% |
| Median Gross Rent | $854 | $1,208 | $1,407 |
| Rent Trend (Annual %) | 1.9% | 4.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Williamsport is about 23% lower than in Pennsylvania. Rent is about 29% lower than the Pennsylvania average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Williamsport, up about 5.0% and 1.9% a year respectively. Home prices are changing faster.
Median rent in Williamsport rose about 18.4% between 2015 and 2024, from $722 to $854. Over the same span, rent in Pennsylvania rose about 43.9%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Williamsport.
Buying the median-priced home in Williamsport costs roughly 11.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Williamsport. The price-to-rent ratio in Pennsylvania is about 10.5.
| Metric | Williamsport | Pennsylvania Avg | US Average |
|---|---|---|---|
| Median Home Price | $118,023 | $152,469 | $248,835 |
| Median Household Income | $48,893 | $78,249 | $80,455 |
| Price-to-Income Ratio | 2.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Williamsport rose about 45.6%, while median household income rose about 63.8% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Williamsport | Pennsylvania Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 37.2% | 63.0% | 58.5% |
| Rental Rate | 49.2% | 27.9% | 31.2% |
| Vacancy Rate | 13.6% | 9.1% | 10.2% |
| Median Tenure (years) | 11.0 | 17.0 | 15.0 |
| Median Year Moved In | 2015 | 2009 | 2011 |
Williamsport has a homeownership rate of 37.2%, lower than the Pennsylvania average of 63.0%. Its housing vacancy rate is 13.6%, compared with 9.1% in Pennsylvania.
Housing Stock
| Metric | Williamsport | Pennsylvania Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.14 people | 2.39 people | 2.53 people |
| Median Structure Built Year | 1946 | 1966 | 1978 |
| Median Number of Rooms | 5.6 | 6.0 | 5.5 |
The typical housing unit in Williamsport was built around 1946. On average, 2.1 people live in a home with about 5.6 rooms, staying for about 11.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Williamsport, Pennsylvania.
What is the median home price in Williamsport, Pennsylvania?
The median home price in Williamsport, Pennsylvania is $118,023, lower than the Pennsylvania average of $152,469.
What is the average home price in Williamsport, Pennsylvania?
The typical home price in Williamsport, Pennsylvania, reported as the median sale price, is $118,023. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Williamsport, Pennsylvania?
The median gross rent in Williamsport, Pennsylvania is $854 per month, lower than the Pennsylvania average of $1,208.
What was the median gross rent in Williamsport in 2020?
In 2020, the median gross rent in Williamsport, Pennsylvania was $765 per month.
What is the price-to-rent ratio in Williamsport, Pennsylvania?
The price-to-rent ratio in Williamsport, Pennsylvania is about 11.5, meaning it would take roughly 11.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Williamsport.
Are home prices or rent rising faster in Williamsport, Pennsylvania?
Both home prices and rent are rising in Williamsport, up about 5.0% and 1.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Williamsport, Pennsylvania?
37.2% of households in Williamsport, Pennsylvania own their home, lower than the Pennsylvania average of 63.0%.
What is the vacancy rate in Williamsport, Pennsylvania?
The housing vacancy rate in Williamsport, Pennsylvania is 13.6%, higher than the Pennsylvania average of 9.1%.
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