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
With a population of 7,222, 2,770 total housing units (homes and apartments), and a median house value of $315,522, 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 85.30% of the city's housing units. Other types of housing that are prevalent in Woodland Park include mobile homes or trailers ( 4.75%), duplexes, homes converted to apartments or other small apartment buildings ( 3.54%), and a few large apartment complexes or high rise apartments ( 3.09%).
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 78.81% of Woodland Park's homes, and 69.09% 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 ( 14.13%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.23%). There's also some housing in Woodland Park built before 1939 ( 4.88%).
Vacant housing appears to be an issue in Woodland Park. Fully 11.64% 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.
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 8.02%, which ranks in the top 40% nationwide. This equates to an annual average Woodland Park house appreciation rate of 0.77%.
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 7.98%, which is higher than appreciation rates in 86.60% 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 2.94%, which equates to an annual appreciation rate of 12.30%.
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 higher than 50% of the other cities and towns in Colorado.
|$900,001 - $1,200,000||0.4|
|$600,001 - $900,000||6.4|
|$480,001 - $600,000||5.1|
|$360,001 - $480,000||19.1|
|$240,001 - $360,000||42.3|
|$120,001 - $240,000||21.2|
|$60,001 - $120,000||1.2|
|$0 - $60,000||3.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Woodland Park HOMES|
|2000 or Newer||14.1|
|1970 - 1999||72.8|
|1940 - 1969||8.2|
|1939 or Older||4.9|
|TYPE OF Woodland Park HOMES|
|Small Apt. Buildings||3.5|
|SIZE OF Woodland Park HOMES|
|5 or more bedrooms||7.11|