Woodmere, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Woodmere Neighborhoods Since 2000




Woodmere, NY 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

Woodmere Housing Market Information

With 17,241 people, 5,080 houses or apartments, and a median cost of homes of $666,042, 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.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Woodmere. Owner-occupied housing accounts for 87.11% of Woodmere's homes, and 63.30% have either three or four bedrooms, which is average sized relative to America.

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 62.67% of the town's housing hails from this era. Other housing ages represented in Woodmere include homes built before 1939 ( 24.64%) and housing constructed between 1970-1999 ( 8.64%). There's also some housing in Woodmere built between 2000 and later ( 4.06%).

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 -0.12% during the period.

Appreciation rates are so strong in Woodmere that despite a nationwide downturn in the housing market, Woodmere real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Woodmere appreciation rates continue to be some of the highest in America, at 6.64%, which is higher than appreciation rates in 78.89% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Woodmere. Woodmere appreciation rates in the latest quarter were at 0.66%, which equates to an annual appreciation rate of 2.68%.

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:
$666,042

Woodmere, NY HOME PRICES

Value Range
> $1,166,000 3.3
$874,001 - $1,166,000 15.2
$583,001 - $874,000 45.1
$466,001 - $583,000 20.2
$350,001 - $466,000 7.9
$233,001 - $350,000 3.1
$117,001 - $233,000 2.7
$59,001 - $117,000 1.4
$0 - $59,000 1.1

Very High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
2.99425758818704 8.5297418630752

Number Of Homes And Apartments:
5,080

Woodmere Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
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
68.92% 3.09% 8 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,641 / per month

Homeownership Rate

Homeownership
Owners 87.11
Renters 12.89
Vacant 5.03

Housing Market Details

 

Age of Homes

AGE OF Woodmere HOMES
2000 or Newer 4.1
1970 - 1999 8.6
1940 - 1969 62.7
1939 or Older 24.6

Types of Homes

TYPE OF Woodmere HOMES
Single-Family 87.4
Townhomes 0.6
Small Apt. Buildings 3.2
Apt. Complexes 8.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Woodmere HOMES
No Bedroom 0.62
1 Bedroom 6.23
2 Bedrooms 5.35
3 Bedrooms 25.31
4 Bedrooms 37.99
5 or more bedrooms 24.51