Woodbridge, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Woodbridge Neighborhoods Since 2000




Woodbridge, 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

Woodbridge Housing Market Information

With 19,505 people, 7,250 houses or apartments, and a median cost of homes of $291,046, Woodbridge real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Woodbridge, accounting for 43.90% of the town's housing units. Other types of housing that are prevalent in Woodbridge include large apartment complexes or high rise apartments ( 40.32%), duplexes, homes converted to apartments or other small apartment buildings ( 9.15%), and a few row houses and other attached homes ( 6.33%).

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

There is a lot of housing in Woodbridge 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 Woodbridge built between 1940-1969 ( 38.12%). A lesser amount of the housing stock also hails from before 1939 ( 15.78%). There's also some housing in Woodbridge built between 2000 and later ( 6.55%).

Woodbridge Home Appreciation Rates

Homes have actually lost value in Woodbridge over the last then years, as home values have seen a decline of 19.76% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Woodbridge home appreciation rates at 0.66%, which equates to an annual appreciation rate of 2.68%.

Over the last year, Woodbridge appreciation rates have trailed the rest of the nation. In the last twelve months, Woodbridge's appreciation rate has been 1.94%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Woodbridge were at 0.66%, which equates to an annual appreciation rate of 2.68%.

Relative to New Jersey, our data show that Woodbridge's latest annual appreciation rate is lower than 60% of the other cities and towns in New Jersey.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Woodbridge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Woodbridge - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Woodbridge real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$291,046

Woodbridge, NJ HOME PRICES

Value Range
> $1,050,000 0.0
$788,001 - $1,050,000 0.0
$525,001 - $788,000 1.2
$420,001 - $525,000 5.7
$315,001 - $420,000 30.7
$210,001 - $315,000 47.9
$105,001 - $210,000 12.3
$52,001 - $105,000 0.2
$0 - $52,000 2.1

Low for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
17.1100433610688 66.869918699187

Number Of Homes And Apartments:
7,250

Woodbridge 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
55.09% 2.58% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,369 / per month

Homeownership Rate

Homeownership
Owners 54.51
Renters 45.49
Vacant 5.36

Housing Market Details

 

Age of Homes

AGE OF Woodbridge HOMES
2000 or Newer 6.6
1970 - 1999 39.6
1940 - 1969 38.1
1939 or Older 15.8

Types of Homes

TYPE OF Woodbridge HOMES
Single-Family 43.9
Townhomes 6.3
Small Apt. Buildings 9.2
Apt. Complexes 40.3
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Woodbridge HOMES
No Bedroom 2.01
1 Bedroom 14.11
2 Bedrooms 38.14
3 Bedrooms 33.05
4 Bedrooms 10.85
5 or more bedrooms 1.84