Woodbine, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Woodbine Neighborhoods Since 2000




Woodbine, NJ Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Woodbine Housing Market Information

With 2,482 people, 817 houses or apartments, and a median cost of homes of $181,755, 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 56.80% of the borough's housing units. Other types of housing that are prevalent in Woodbine include mobile homes or trailers ( 21.28%), large apartment complexes or high rise apartments ( 12.58%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.01%).

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 ( 32.93%). A lesser amount of the housing stock also hails from before 1939 ( 22.85%). There's also some housing in Woodbine built between 2000 and later ( 11.19%).

Vacant housing appears to be an issue in Woodbine. Fully 24.42% 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 26.86% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Woodbine home appreciation rates at -3.51%, which equates to an annual appreciation rate of -13.30%.

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 -4.34%, 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 -3.51%, which equates to an annual appreciation rate of -13.30%.

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:
$181,755

Woodbine, NJ HOME PRICES

Value Range
> $931,000 1.3
$698,001 - $931,000 0.0
$466,001 - $698,000 0.4
$373,001 - $466,000 4.2
$279,001 - $373,000 10.7
$186,001 - $279,000 27.9
$93,001 - $186,000 44.3
$47,001 - $93,000 9.3
$0 - $47,000 2.0

Very Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
37.5600609398805 89.2276422764228

Number Of Homes And Apartments:
817

Woodbine Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NJ*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
32.46% 1.64% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,163 / per month

Homeownership Rate

Homeownership
Owners 41.89
Renters 58.11
Vacant 24.42

Housing Market Details

 

Age of Homes

AGE OF Woodbine HOMES
2000 or Newer 11.2
1970 - 1999 33.0
1940 - 1969 32.9
1939 or Older 22.8

Types of Homes

TYPE OF Woodbine HOMES
Single-Family 56.8
Townhomes 3.3
Small Apt. Buildings 6.0
Apt. Complexes 12.6
Mobile Homes 21.3
Other 0.0

Home Size

SIZE OF Woodbine HOMES
No Bedroom 0.74
1 Bedroom 12.67
2 Bedrooms 36.91
3 Bedrooms 33.77
4 Bedrooms 12.58
5 or more bedrooms 3.33