Woodward, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Woodward, IA Real Estate Data


Woodward Housing Market Information

With a population of 1,503, 463 total housing units (homes and apartments), and a median house value of $235,872, 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 75.78% 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 ( 9.96%), large apartment complexes or high rise apartments ( 7.42%), and a few row houses and other attached homes ( 4.49%).

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 46.19% owning and 53.81% 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 between 1940-1969 ( 32.03%). A lesser amount of the housing stock also hails from before 1939 ( 29.10%). There's also some housing in Woodward built between 2000 and later ( 6.25%).

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 14.40%, which ranks in the top 30% nationwide. This equates to an annual average Woodward house appreciation rate of 1.35%.

Over the last year, Woodward appreciation rates have trailed the rest of the nation. In the last twelve months, Woodward's appreciation rate has been 4.35%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Woodward were at 1.32%, which equates to an annual appreciation rate of 5.38%.

Relative to Iowa, our data show that Woodward's latest annual appreciation rate is higher than 50% of the other cities and towns in Iowa.

Average Home Values

 

Median Home Value:
$235,872

Woodward, IA HOME PRICES

Value Range
> $1,133,000 0.8
$850,001 - $1,133,000 1.1
$567,001 - $850,000 5.9
$453,001 - $567,000 4.2
$340,001 - $453,000 9.0
$226,001 - $340,000 23.7
$113,001 - $226,000 36.3
$57,001 - $113,000 13.1
$0 - $57,000 5.8

Very High for IA
High for Nation

Value Relative to Nation Value Relative to State
25.3850207881946 3.7037037037037

Number Of Homes And Apartments:
463

Rent & Ownership

 

Average Market Rent:
$682 / per month

Homeownership Rate

Homeownership
Owners 46.19
Renters 53.81
Vacant 9.57

Housing Market Details

 

Age of Homes

AGE OF Woodward HOMES
2000 or Newer 6.3
1970 - 1999 32.6
1940 - 1969 32.0
1939 or Older 29.1

Types of Homes

TYPE OF Woodward HOMES
Single-Family 75.8
Townhomes 4.5
Small Apt. Buildings 10.0
Apt. Complexes 7.4
Mobile Homes 2.3
Other 0.0

Home Size

SIZE OF Woodward HOMES
No Bedroom 0.00
1 Bedroom 9.18
2 Bedrooms 36.13
3 Bedrooms 41.02
4 Bedrooms 13.09
5 or more bedrooms 0.59

Woodward Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
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
41.64% 2.07% 4 5
* 10 is highest

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