Woodridge, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Woodridge, IL Real Estate Data


Woodridge Housing Market Information

With a population of 33,348, 12,935 total housing units (homes and apartments), and a median house value of $302,550, Woodridge real estate is some of the most expensive in Illinois, although Woodridge home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Woodridge, accounting for 54.47% of the village's housing units. Other types of housing that are prevalent in Woodridge include large apartment complexes or high rise apartments ( 34.54%), row houses and other attached homes ( 5.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.19%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Woodridge. Owner-occupied housing accounts for 65.35% of Woodridge's homes, and 52.65% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Woodridge 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 Woodridge built between 1940-1969 ( 24.96%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.61%). There's also some housing in Woodridge built before 1939 ( 1.46%).

Woodridge Home Appreciation Rates

Woodridge's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Woodridge during the period has been just -0.97%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Woodridge's appreciation rate, at 4.71%, has been at or slightly above the national average. In the latest quarter, Woodridge's appreciation rate has been 1.63%, which annualizes to a rate of 6.69%.

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

One very important thing to keep in mind is that these are average appreciation rates for the village. Individual neighborhoods within Woodridge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Woodridge - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Woodridge real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$302,550

Woodridge, IL HOME PRICES

Value Range
> $1,142,000 0.2
$857,001 - $1,142,000 0.5
$571,001 - $857,000 4.2
$457,001 - $571,000 9.4
$343,001 - $457,000 23.6
$229,001 - $343,000 35.1
$114,001 - $229,000 19.4
$57,001 - $114,000 5.5
$0 - $57,000 2.1

Very High for IL
Very High for Nation

Value Relative to Nation Value Relative to State
16.642267377174 11.0126582278481

Number Of Homes And Apartments:
12,935

Rent & Ownership

 

Average Market Rent:
$1,326 / per month

Homeownership Rate

Homeownership
Owners 65.35
Renters 34.65
Vacant 6.23

Housing Market Details

 

Age of Homes

AGE OF Woodridge HOMES
2000 or Newer 13.6
1970 - 1999 60.0
1940 - 1969 25.0
1939 or Older 1.5

Types of Homes

TYPE OF Woodridge HOMES
Single-Family 54.5
Townhomes 5.7
Small Apt. Buildings 5.2
Apt. Complexes 34.5
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Woodridge HOMES
No Bedroom 1.50
1 Bedroom 15.57
2 Bedrooms 25.34
3 Bedrooms 28.44
4 Bedrooms 24.21
5 or more bedrooms 4.94

Woodridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
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
35.88% 1.82% 7 4
* 10 is highest