Woodland Park, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Woodland Park, CO Real Estate Data


Woodland Park Housing Market Information

With a population of 7,222, 2,854 total housing units (homes and apartments), and a median house value of $313,123, Woodland Park real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Woodland Park, accounting for 84.51% of the city's housing units. Other types of housing that are prevalent in Woodland Park include mobile homes or trailers ( 5.99%), duplexes, homes converted to apartments or other small apartment buildings ( 5.18%), and a few row houses and other attached homes ( 2.27%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Woodland Park. Owner-occupied housing accounts for 79.78% of Woodland Park's homes, and 67.12% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Woodland Park built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Woodland Park built between 2000 and later ( 14.10%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.17%). There's also some housing in Woodland Park built before 1939 ( 5.37%).

Vacant housing appears to be an issue in Woodland Park. Fully 11.39% of the housing stock is classified as vacant. Left unchecked, vacant Woodland Park homes and apartments can be a drag on the real estate market, holding Woodland Park 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.

Woodland Park Home Appreciation Rates

Appreciation rates for homes in Woodland Park have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.69%, which ranks in the top 40% nationwide. This equates to an annual average Woodland Park house appreciation rate of 0.93%.

Appreciation rates are so strong in Woodland Park that despite a nationwide downturn in the housing market, Woodland Park real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Woodland Park appreciation rates continue to be some of the highest in America, at 6.99%, which is higher than appreciation rates in 84.67% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Woodland Park. Woodland Park appreciation rates in the latest quarter were at 4.70%, which equates to an annual appreciation rate of 20.15%.

Importantly, this makes Woodland Park one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Colorado, our data show that Woodland Park's latest annual appreciation rate is lower than 50% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$313,123

Woodland Park, CO HOME PRICES

Value Range
> $1,228,000 0.9
$920,001 - $1,228,000 0.3
$614,001 - $920,000 5.8
$491,001 - $614,000 6.8
$368,001 - $491,000 16.9
$246,001 - $368,000 43.6
$123,001 - $246,000 20.7
$62,001 - $123,000 1.7
$0 - $62,000 3.3

Average for CO
Very High for Nation

Value Relative to Nation Value Relative to State
15.5882180710898 44.5414847161572

Number Of Homes And Apartments:
2,854

Rent & Ownership

 

Average Market Rent:
$1,325 / per month

Homeownership Rate

Homeownership
Owners 79.78
Renters 20.22
Vacant 11.39

Housing Market Details

 

Age of Homes

AGE OF Woodland Park HOMES
2000 or Newer 14.1
1970 - 1999 72.4
1940 - 1969 8.2
1939 or Older 5.4

Types of Homes

TYPE OF Woodland Park HOMES
Single-Family 84.5
Townhomes 2.3
Small Apt. Buildings 5.2
Apt. Complexes 1.7
Mobile Homes 6.0
Other 0.3

Home Size

SIZE OF Woodland Park HOMES
No Bedroom 0.34
1 Bedroom 5.62
2 Bedrooms 18.72
3 Bedrooms 48.77
4 Bedrooms 18.35
5 or more bedrooms 8.20

Woodland Park Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
45.06% 2.21% 4 5
* 10 is highest

Popular Neighborhoods in Woodland Park

Zip Codes in Woodland Park, CO