Woodbine, MD
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Woodbine, MD Real Estate Data


Woodbine Housing Market Information

With 12,004 people, 1,901 houses or apartments, and a median cost of homes of $534,313, 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 91.04% of Woodbine's homes, and 74.55% 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 1940-1969 ( 15.26%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.75%). There's also some housing in Woodbine built before 1939 ( 5.51%).

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 -0.93%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Woodbine's appreciation rate, at 4.44%, has been at or slightly above the national average. In the latest quarter, Woodbine's appreciation rate has been 1.10%, which annualizes to a rate of 4.48%.

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

Average Home Values

 

Median Home Value:
$534,313

Woodbine, MD HOME PRICES

Value Range
> $1,111,000 1.7
$834,001 - $1,111,000 8.3
$556,001 - $834,000 36.2
$445,001 - $556,000 17.0
$333,001 - $445,000 22.9
$222,001 - $333,000 6.7
$111,001 - $222,000 3.5
$56,001 - $111,000 0.7
$0 - $56,000 3.0

Very High for MD
Very High for Nation

Value Relative to Nation Value Relative to State
5.29952567781226 9.88593155893536

Number Of Homes And Apartments:
1,901

Rent & Ownership

 

Average Market Rent:
$1,411 / per month

Homeownership Rate

Homeownership
Owners 91.04
Renters 8.96
Vacant 5.16

Housing Market Details

 

Age of Homes

AGE OF Woodbine HOMES
2000 or Newer 13.7
1970 - 1999 65.5
1940 - 1969 15.3
1939 or Older 5.5

Types of Homes

TYPE OF Woodbine HOMES
Single-Family 94.6
Townhomes 2.4
Small Apt. Buildings 1.3
Apt. Complexes 0.0
Mobile Homes 1.5
Other 0.2

Home Size

SIZE OF Woodbine HOMES
No Bedroom 0.00
1 Bedroom 2.50
2 Bedrooms 9.42
3 Bedrooms 34.23
4 Bedrooms 40.32
5 or more bedrooms 13.53

Woodbine Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MD*
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
84.98% 3.68% 9 9
* 10 is highest