Woodbury, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Woodbury Neighborhoods Since 2000




Woodbury, 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

Woodbury Housing Market Information

With 10,020 people, 4,023 houses or apartments, and a median cost of homes of $171,210, Woodbury real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Woodbury homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Woodbury, accounting for 58.70% of the city's housing units. Other types of housing that are prevalent in Woodbury include large apartment complexes or high rise apartments ( 19.57%), duplexes, homes converted to apartments or other small apartment buildings ( 14.00%), and a few row houses and other attached homes ( 7.73%).

The most prevalent building size and type in Woodbury are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 58.30% owning and 41.70% renting.

The housing in Woodbury was primarily built before 1939 ( 40.55%), making the housing stock in Woodbury some of the oldest overall in America, although there is a range of ages of homes in Woodbury. The next most important housing age is between 1940-1969 ( 38.16%), followed by between 1970-1999 ( 16.50%). There's also some housing in Woodbury built between 2000 and later ( 4.79%).

Vacant housing appears to be an issue in Woodbury. Fully 11.15% of the housing stock is classified as vacant. Left unchecked, vacant Woodbury homes and apartments can be a drag on the real estate market, holding Woodbury 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.

Woodbury Home Appreciation Rates

Homes have actually lost value in Woodbury over the last then years, as home values have seen a decline of 21.21% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Woodbury home appreciation rates at 0.08%, which equates to an annual appreciation rate of 0.32%.

Over the last year, Woodbury appreciation rates have trailed the rest of the nation. In the last twelve months, Woodbury's appreciation rate has been 2.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Woodbury were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Woodbury's latest annual appreciation rate is lower than 50% 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 city. Individual neighborhoods within Woodbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Woodbury - 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 Woodbury real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$171,210

Woodbury, NJ HOME PRICES

Value Range
> $1,042,000 0.0
$781,001 - $1,042,000 0.0
$521,001 - $781,000 2.0
$416,001 - $521,000 0.0
$312,001 - $416,000 4.4
$208,001 - $312,000 19.6
$104,001 - $208,000 66.2
$52,001 - $104,000 4.1
$0 - $52,000 3.6

Very Low for NJ
Average for Nation

Value Relative to Nation Value Relative to State
41.2223133716161 91.869918699187

Number Of Homes And Apartments:
4,023

Woodbury 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
40.77% 2.00% 3 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,276 / per month

Homeownership Rate

Homeownership
Owners 58.30
Renters 41.70
Vacant 11.15

Housing Market Details

 

Age of Homes

AGE OF Woodbury HOMES
2000 or Newer 4.8
1970 - 1999 16.5
1940 - 1969 38.2
1939 or Older 40.5

Types of Homes

TYPE OF Woodbury HOMES
Single-Family 58.7
Townhomes 7.7
Small Apt. Buildings 14.0
Apt. Complexes 19.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Woodbury HOMES
No Bedroom 2.21
1 Bedroom 16.83
2 Bedrooms 25.71
3 Bedrooms 37.61
4 Bedrooms 13.52
5 or more bedrooms 4.13