Woodbridge appreciation rates and housing market information

Woodbridge housing market information

With 8,983 people, 3,189 houses or apartments, and a median cost of homes of $689,600, Woodbridge house prices are not only among the most expensive in Connecticut, Woodbridge real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Woodbridge, accounting for 91.56% of the town's housing units. Other types of housing that are prevalent in Woodbridge include duplexes, homes converted to apartments, or other small apartment buildings (4.14%), large apartment complexes or high rise apartments (3.10%), and a few row houses and other attached homes (1.00%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Woodbridge. Owner-occupied housing accounts for 87.52% of Woodbridge's homes, and 74.29% have either three or four bedrooms, which is average sized relative to America.

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. Woodbridge's housing was primarily built during this period, from the '40s through the '60s. A full 50.64% of the town's housing hails from this era. Other housing ages represented in Woodbridge include homes built between 1970-1994 (26.47%), and housing constructed from 1939 and earlier (15.71%). There's also some housing in Woodbridge built between 1995 and later (7.18%).

Woodbridge home appreciation rates

Appreciation rates for homes in Woodbridge have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 101.79%, which ranks in the top 30% nationwide. This equates to an annual average Woodbridge house appreciation rate of 10.17%.

Over the last year, Woodbridge appreciation rates have trailed the rest of the nation. In the last twelve months, Woodbridge's appreciation rate has been -2.75%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Woodbridge were at -1.79%, which equates to an annual appreciation rate of -7.16%.

Relative to Connecticut, our data show that Woodbridge's latest annual appreciation rate is higher than 18% of the other cities and towns in Connecticut.