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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Woodbine, NJ 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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Woodbine, NJ Housing Market Trends

With 2,142 people, 858 houses or apartments, and a median cost of homes of $234,813, house prices in Woodbine are solidly below the national average.

Single-family detached homes are the single most common housing type in Woodbine, accounting for 52.40% of the borough's housing units. Other types of housing that are prevalent in Woodbine include mobile homes or trailers ( 24.83%), duplexes, homes converted to apartments or other small apartment buildings ( 11.76%), and a few large apartment complexes or high rise apartments ( 8.94%).

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 ( 35.35%). A lesser amount of the housing stock also hails from before 1939 ( 20.53%). There's also some housing in Woodbine built between 2000 and later ( 4.39%).

Vacant housing appears to be an issue in Woodbine. Fully 28.97% 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

Some of the lowest real estate appreciation rates in America over the last ten years have been in Woodbine, where house values have increased just 44.44%, which is annualized rate of 3.75%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

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 2.02%, 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 -2.88%, which equates to an annual appreciation rate of -11.02%.

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 90% of the other cities and towns in New Jersey.

Average Home Values

Median Home Value

$234,813

Woodbine, NJ Home Prices
> $1,232,000
$924,001 - $1,232,000
$616,001 - $924,000
$493,001 - $616,000
$369,001 - $493,000
$247,001 - $369,000
$123,001 - $247,000
$62,001 - $123,000
$0 - $62,000
0.0%
0.0%
0.0%
0.0%
1.4%
1.4%
14.5%
14.5%
5.9%
5.9%
20.1%
20.1%
52.3%
52.3%
5.3%
5.3%
0.5%
0.5%
0% 100.0%
% of Homes
Very Low

for New jersey

Average

for nation

Number of Homes And Apartments:

858

Woodbine Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,420 / per month

Homeownership Rate

Owners
Renters
52.7%
52.7%
47.3%
47.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
29.0%
29.0%
71.0%
71.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.4%
4.4%
39.7%
39.7%
35.3%
35.3%
20.5%
20.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
52.4%
52.4%
1.8%
1.8%
11.8%
11.8%
8.9%
8.9%
24.8%
24.8%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
13.3%
13.3%
43.5%
43.5%
28.5%
28.5%
7.9%
7.9%
5.4%
5.4%
0% 100.0%
% of Homes