Woodland Park, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Woodland Park Neighborhoods Since 2000




Woodland Park, 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

Woodland Park Housing Market Information

With a population of 12,518, 4,262 total housing units (homes and apartments), and a median house value of $428,807, real estate costs in Woodland Park are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities.

Single-family detached homes are the single most common housing type in Woodland Park, accounting for 45.09% of the borough's housing units. Other types of housing that are prevalent in Woodland Park include duplexes, homes converted to apartments or other small apartment buildings ( 26.10%), large apartment complexes or high rise apartments ( 17.11%), and a few row houses and other attached homes ( 11.70%).

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

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Woodland Park's housing was primarily built during this period, from the '40s through the '60s. A full 55.99% of the borough's housing hails from this era. Other housing ages represented in Woodland Park include homes built between 1970-1999 ( 19.97%) and housing constructed between 2000 and later ( 13.94%). There's also some housing in Woodland Park built before 1939 ( 10.10%).

Woodland Park Home Appreciation Rates

Woodland Park's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Woodland Park during the period has been just -1.76%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Woodland Park's appreciation rate, at 3.65%, has been at or slightly above the national average. In the latest quarter, Woodland Park's appreciation rate has been 0.66%, which annualizes to a rate of 2.68%.

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

Average Home Values

 

Median Home Value:
$428,807

Woodland Park, NJ HOME PRICES

Value Range
> $1,092,000 0.0
$819,001 - $1,092,000 0.0
$546,001 - $819,000 13.7
$437,001 - $546,000 18.5
$328,001 - $437,000 39.5
$218,001 - $328,000 22.5
$109,001 - $218,000 3.1
$55,001 - $109,000 0.8
$0 - $55,000 2.0

High for NJ
Very High for Nation

Value Relative to Nation Value Relative to State
8.15656861596156 33.739837398374

Number Of Homes And Apartments:
4,262

Woodland Park 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
53.42% 2.51% 5 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,804 / per month

Homeownership Rate

Homeownership
Owners 62.04
Renters 37.96
Vacant 7.47

Housing Market Details

 

Age of Homes

AGE OF Woodland Park HOMES
2000 or Newer 13.9
1970 - 1999 20.0
1940 - 1969 56.0
1939 or Older 10.1

Types of Homes

TYPE OF Woodland Park HOMES
Single-Family 45.1
Townhomes 11.7
Small Apt. Buildings 26.1
Apt. Complexes 17.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Woodland Park HOMES
No Bedroom 1.00
1 Bedroom 11.88
2 Bedrooms 36.60
3 Bedrooms 37.52
4 Bedrooms 11.09
5 or more bedrooms 1.91

Popular Neighborhoods in Woodland Park

Zip Codes in Woodland Park, NJ