Woodmere, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Woodmere Neighborhoods Since 2000




Woodmere, NY Real Estate Data


Woodmere Housing Market Information

With a population of 17,241, 5,042 total housing units (homes and apartments), and a median house value of $667,722, Woodmere house prices are not only among the most expensive in New York, Woodmere real estate also is some of the most expensive in all of America.

Woodmere is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Woodmere than is found in 98% of the communities in America.

The large homes that make up Woodmere are primarily owner-occupied ( 87.63%).

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. Woodmere's housing was primarily built during this period, from the '40s through the '60s. A full 61.44% of the town's housing hails from this era. Other housing ages represented in Woodmere include homes built before 1939 ( 25.96%) and housing constructed between 1970-1999 ( 8.73%). There's also some housing in Woodmere built between 2000 and later ( 3.88%).

Woodmere Home Appreciation Rates

Real estate appreciation rates in Woodmere's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.48% during the period.

NeighborhoodScout's data show that during the latest twelve months, Woodmere's appreciation rate, at 4.89%, has been at or slightly above the national average. In the latest quarter, Woodmere's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

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

Average Home Values

 

Median Home Value:
$667,722

Woodmere, NY HOME PRICES

Value Range
> $1,131,000 2.5
$849,001 - $1,131,000 17.8
$566,001 - $849,000 45.2
$453,001 - $566,000 18.7
$339,001 - $453,000 7.6
$226,001 - $339,000 2.8
$113,001 - $226,000 3.0
$56,001 - $113,000 1.3
$0 - $56,000 1.0

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
3.15043625929613 8.41750841750842

Number Of Homes And Apartments:
5,042

Rent & Ownership

 

Average Market Rent:
$2,288 / per month

Homeownership Rate

Homeownership
Owners 87.63
Renters 12.37
Vacant 5.99

Housing Market Details

 

Age of Homes

AGE OF Woodmere HOMES
2000 or Newer 3.9
1970 - 1999 8.7
1940 - 1969 61.4
1939 or Older 26.0

Types of Homes

TYPE OF Woodmere HOMES
Single-Family 86.6
Townhomes 1.3
Small Apt. Buildings 2.7
Apt. Complexes 9.4
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Woodmere HOMES
No Bedroom 1.10
1 Bedroom 5.05
2 Bedrooms 7.55
3 Bedrooms 23.66
4 Bedrooms 37.85
5 or more bedrooms 24.78

Woodmere Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
63.93% 2.95% 7 8
* 10 is highest