Woodbine, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Woodbine Neighborhoods Since 2000




Woodbine, NJ Real Estate Data


Woodbine Housing Market Information

With 2,482 people, 778 houses or apartments, and a median cost of homes of $221,595, Woodbine real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Woodbine homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Woodbine, accounting for 55.72% of the borough's housing units. Other types of housing that are prevalent in Woodbine include mobile homes or trailers ( 17.97%), large apartment complexes or high rise apartments ( 16.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.62%).

People in Woodbine primarily live in small (one, two or no bedroom) single-family detached homes. Woodbine has a mixture of owner-occupied and renter-occupied housing.

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 ( 30.02%). A lesser amount of the housing stock also hails from before 1939 ( 26.91%). There's also some housing in Woodbine built between 2000 and later ( 11.14%).

Vacant housing appears to be an issue in Woodbine. Fully 21.89% of the housing stock is classified as vacant. Left unchecked, vacant Woodbine homes and apartments can be a drag on the real estate market, holding Woodbine real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Woodbine Home Appreciation Rates

Homes have actually lost value in Woodbine over the last then years, as home values have seen a decline of 18.75% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Woodbine home appreciation rates at -0.13%, which equates to an annual appreciation rate of -0.50%.

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 2.66%, 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 -0.13%, which equates to an annual appreciation rate of -0.50%.

Notably, Woodbine's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$221,595

Woodbine, NJ HOME PRICES

Value Range
> $993,000 0.3
$745,001 - $993,000 0.0
$496,001 - $745,000 0.4
$397,001 - $496,000 4.6
$298,001 - $397,000 9.1
$199,001 - $298,000 41.8
$99,001 - $199,000 31.3
$50,001 - $99,000 10.1
$0 - $50,000 2.5

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
28.277800550448 84.1463414634146

Number Of Homes And Apartments:
778

Rent & Ownership

 

Average Market Rent:
$729 / per month

Homeownership Rate

Homeownership
Owners 42.28
Renters 57.72
Vacant 21.89

Housing Market Details

 

Age of Homes

AGE OF Woodbine HOMES
2000 or Newer 11.1
1970 - 1999 31.9
1940 - 1969 30.0
1939 or Older 26.9

Types of Homes

TYPE OF Woodbine HOMES
Single-Family 55.7
Townhomes 3.8
Small Apt. Buildings 5.6
Apt. Complexes 16.9
Mobile Homes 18.0
Other 0.0

Home Size

SIZE OF Woodbine HOMES
No Bedroom 0.60
1 Bedroom 11.45
2 Bedrooms 40.36
3 Bedrooms 32.33
4 Bedrooms 12.35
5 or more bedrooms 2.91

Woodbine Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
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
47.87% 2.33% 3 6
* 10 is highest