Woodbridge, CT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Woodbridge, CT Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Woodbridge Housing Market Information

With a population of 8,886, 3,084 total housing units (homes and apartments), and a median house value of $498,459, 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.

Woodbridge is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Woodbridge than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Woodbridge. Owner-occupied housing accounts for 88.72% of Woodbridge's homes, and 72.18% 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 42.65% of the town's housing hails from this era. Other housing ages represented in Woodbridge include homes built between 1970-1999 ( 34.34%) and housing constructed before 1939 ( 14.24%). There's also some housing in Woodbridge built between 2000 and later ( 8.78%).

Woodbridge Home Appreciation Rates

Woodbridge's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Woodbridge during the period has been just -1.98%, which is lower than 80% of US communities.

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 0.86%, 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 -0.47%, which equates to an annual appreciation rate of -1.86%.

Relative to Connecticut, our data show that Woodbridge's latest annual appreciation rate is higher than 60% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$498,459

Woodbridge, CT HOME PRICES

Value Range
> $1,010,000 4.5
$758,001 - $1,010,000 12.0
$505,001 - $758,000 28.8
$404,001 - $505,000 26.6
$303,001 - $404,000 13.5
$202,001 - $303,000 10.8
$101,001 - $202,000 2.8
$51,001 - $101,000 0.4
$0 - $51,000 0.6

Very High for CT
Very High for Nation

Value Relative to Nation Value Relative to State
5.98851517637408 7.69230769230769

Number Of Homes And Apartments:
3,084

Woodbridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
20.08% 1.07% 3 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,447 / per month

Homeownership Rate

Homeownership
Owners 88.72
Renters 11.28
Vacant 4.34

Housing Market Details

 

Age of Homes

AGE OF Woodbridge HOMES
2000 or Newer 8.8
1970 - 1999 34.3
1940 - 1969 42.6
1939 or Older 14.2

Types of Homes

TYPE OF Woodbridge HOMES
Single-Family 91.4
Townhomes 2.2
Small Apt. Buildings 1.4
Apt. Complexes 5.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Woodbridge HOMES
No Bedroom 1.46
1 Bedroom 3.66
2 Bedrooms 8.96
3 Bedrooms 32.91
4 Bedrooms 39.27
5 or more bedrooms 13.74

Popular Neighborhoods in Woodbridge

Zip Codes in Woodbridge, CT