Woodbine, MD Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Woodbine, MD Housing Market Trends

With a population of 12,325, 1,981 total housing units (homes and apartments), and a median house value of $669,820, Woodbine house prices are not only among the most expensive in Maryland, Woodbine real estate also is some of the most expensive in all of America.

Woodbine is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Woodbine 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 Woodbine. Owner-occupied housing accounts for 89.04% of Woodbine's homes, and 78.74% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Woodbine 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 Woodbine built between 2000 and later ( 20.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 16.22%). There's also some housing in Woodbine built before 1939 ( 10.12%).

Woodbine Home Appreciation Rates

Woodbine's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Woodbine during the period has been just 2.60%, which is lower than 70% of US communities.

Over the last year, Woodbine appreciation rates have trailed the rest of the nation. In the last twelve months, Woodbine's appreciation rate has been 6.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Woodbine were at 2.57%, which equates to an annual appreciation rate of 10.69%.

Relative to Maryland, our data show that Woodbine's latest annual appreciation rate is lower than 80% of the other cities and towns in Maryland.

Average Home Values

 

Median Home Value:
$669,820

Woodbine, MD HOME PRICES

> $1,176,000
2.0%
2.0%
$882,001 - $1,176,000
11.2%
11.2%
$588,001 - $882,000
31.2%
31.2%
$470,001 - $588,000
21.0%
21.0%
$353,001 - $470,000
23.8%
23.8%
$235,001 - $353,000
6.1%
6.1%
$117,001 - $235,000
3.0%
3.0%
$59,001 - $117,000
0.7%
0.7%
$0 - $59,000
1.2%
1.2%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MD

Value Relative To Nation

Number Of Homes And Apartments:
1,981

Woodbine Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
102.83% 3.34%
7
7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,826 / per month

Homeownership Rate

Owners
89.0%
89.0%
Renters
11.0%
11.0%
Vacant
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.5%
20.5%
1970 - 1999
53.1%
53.1%
1940 - 1969
16.2%
16.2%
1939 or Older
10.1%
10.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
93.8%
93.8%
Townhomes
0.2%
0.2%
Small Apt. Buildings
5.0%
5.0%
Apt. Complexes
0.0%
0.0%
Mobile Homes
1.0%
1.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.0%
1.0%
1 Bedroom
1.5%
1.5%
2 Bedrooms
4.9%
4.9%
3 Bedrooms
38.3%
38.3%
4 Bedrooms
40.4%
40.4%
5 or more bedrooms
13.9%
13.9%
0.0% 100.0%
% OF HOMES