Woodward, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Woodward, IA 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

Woodward Housing Market Information

With a population of 1,503, 484 total housing units (homes and apartments), and a median house value of $259,952, Woodward real estate is some of the most expensive in Iowa, although Woodward home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Woodward, accounting for 77.69% of the city's housing units. Other types of housing that are prevalent in Woodward include duplexes, homes converted to apartments or other small apartment buildings ( 7.75%), large apartment complexes or high rise apartments ( 7.56%), and a few row houses and other attached homes ( 5.86%).

The most prevalent building size and type in Woodward are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 45.20% owning and 54.80% renting.

There is a lot of housing in Woodward 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 Woodward built before 1939 ( 31.76%). A lesser amount of the housing stock also hails from between 1940-1969 ( 28.17%). There's also some housing in Woodward built between 2000 and later ( 5.10%).

Woodward Home Appreciation Rates

Appreciation rates for homes in Woodward have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.08%, which ranks in the top 30% nationwide. This equates to an annual average Woodward house appreciation rate of 1.06%.

Appreciation rates are so strong in Woodward that despite a nationwide downturn in the housing market, Woodward real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Woodward appreciation rates continue to be some of the highest in America, at 7.88%, which is higher than appreciation rates in 86.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Woodward. Woodward appreciation rates in the latest quarter were at 1.25%, which equates to an annual appreciation rate of 5.09%.

Relative to Iowa, our data show that Woodward's latest annual appreciation rate is higher than 90% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$259,952

Woodward, IA HOME PRICES

Value Range
> $1,120,000 0.8
$840,001 - $1,120,000 1.0
$560,001 - $840,000 8.6
$448,001 - $560,000 3.9
$336,001 - $448,000 7.3
$224,001 - $336,000 22.6
$112,001 - $224,000 38.4
$56,001 - $112,000 12.5
$0 - $56,000 4.8

Very High for IA
High for Nation

Value Relative to Nation Value Relative to State
21.0301183639986 2.46913580246914

Number Of Homes And Apartments:
484

Woodward Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
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
37.76% 1.87% 4 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$814 / per month

Homeownership Rate

Homeownership
Owners 45.20
Renters 54.80
Vacant 8.51

Housing Market Details

 

Age of Homes

AGE OF Woodward HOMES
2000 or Newer 5.1
1970 - 1999 35.0
1940 - 1969 28.2
1939 or Older 31.8

Types of Homes

TYPE OF Woodward HOMES
Single-Family 77.7
Townhomes 5.9
Small Apt. Buildings 7.8
Apt. Complexes 7.6
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Woodward HOMES
No Bedroom 0.57
1 Bedroom 10.02
2 Bedrooms 35.92
3 Bedrooms 43.10
4 Bedrooms 9.64
5 or more bedrooms 0.76

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Zip Codes in Woodward, IA