Woodstown, NJ
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Woodstown, 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

Woodstown Housing Market Information

With 3,524 people, 1,352 houses or apartments, and a median cost of homes of $264,605, Woodstown real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Woodstown, accounting for 64.16% of the borough's housing units. Other types of housing that are prevalent in Woodstown include large apartment complexes or high rise apartments ( 17.21%), duplexes, homes converted to apartments or other small apartment buildings ( 13.18%), and a few row houses and other attached homes ( 4.22%).

The most prevalent building size and type in Woodstown are three and four bedroom dwellings, chiefly found in single-family detached homes. The borough has a mixture of owners and renters, with 63.01% owning and 36.99% renting.

The housing in Woodstown was primarily built before 1939 ( 32.60%), making the housing stock in Woodstown some of the oldest overall in America, although there is a range of ages of homes in Woodstown. The next most important housing age is between 1940-1969 ( 30.78%), followed by between 1970-1999 ( 22.66%). There's also some housing in Woodstown built between 2000 and later ( 13.96%).

Vacant housing appears to be an issue in Woodstown. Fully 12.21% of the housing stock is classified as vacant. Left unchecked, vacant Woodstown homes and apartments can be a drag on the real estate market, holding Woodstown 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.

Woodstown Home Appreciation Rates

Woodstown's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Woodstown during the period has been just -1.37%, which is lower than 80% of US communities.

Over the last year, Woodstown appreciation rates have trailed the rest of the nation. In the last twelve months, Woodstown's appreciation rate has been -0.05%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Woodstown were at 0.08%, which equates to an annual appreciation rate of 0.32%.

Relative to New Jersey, our data show that Woodstown's latest annual appreciation rate is lower than 80% of the other cities and towns in New Jersey.

Average Home Values

 

Median Home Value:
$264,605

Woodstown, NJ HOME PRICES

Value Range
> $1,032,000 0.0
$774,001 - $1,032,000 2.1
$516,001 - $774,000 0.0
$413,001 - $516,000 1.7
$310,001 - $413,000 22.6
$206,001 - $310,000 44.2
$104,001 - $206,000 23.8
$52,001 - $104,000 2.7
$0 - $52,000 2.8

Low for NJ
High for Nation

Value Relative to Nation Value Relative to State
20.4441579749209 74.1869918699187

Number Of Homes And Apartments:
1,352

Woodstown 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
39.38% 1.94% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,229 / per month

Homeownership Rate

Homeownership
Owners 63.01
Renters 36.99
Vacant 12.21

Housing Market Details

 

Age of Homes

AGE OF Woodstown HOMES
2000 or Newer 14.0
1970 - 1999 22.7
1940 - 1969 30.8
1939 or Older 32.6

Types of Homes

TYPE OF Woodstown HOMES
Single-Family 64.2
Townhomes 4.2
Small Apt. Buildings 13.2
Apt. Complexes 17.2
Mobile Homes 1.2
Other 0.0

Home Size

SIZE OF Woodstown HOMES
No Bedroom 0.00
1 Bedroom 18.51
2 Bedrooms 20.32
3 Bedrooms 33.31
4 Bedrooms 22.14
5 or more bedrooms 5.71

Popular Neighborhoods in Woodstown

Zip Codes in Woodstown, NJ