Woodridge, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Woodridge Neighborhoods Since 2000




Woodridge, 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

Woodridge Housing Market Information

With 797 people, 313 houses or apartments, and a median cost of homes of $150,728, Woodridge real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Woodridge, accounting for 56.65% of the village's housing units. Other types of housing that are prevalent in Woodridge include large apartment complexes or high rise apartments ( 25.45%), duplexes, homes converted to apartments or other small apartment buildings ( 11.38%), and a few row houses and other attached homes ( 4.60%).

Renters dominate Woodridge's housing market, and most live in three of four bedroom dwellings, chiefly found in single-family detached homes.

There is a lot of housing in Woodridge built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Woodridge built between 1940-1969 ( 30.56%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.39%). There's also some housing in Woodridge built before 1939 ( 12.02%).

A decent proportion of the Woodridge housing stock is seasonally occupied. That is, homes and condos in Woodridge are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Woodridge housing market speaks to its popularity as a vacation location of choice.

Woodridge Home Appreciation Rates

Real estate appreciation rates in Woodridge's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.62% during the period.

Over the last year, Woodridge appreciation rates have trailed the rest of the nation. In the last twelve months, Woodridge's appreciation rate has been 0.11%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Woodridge were at -0.56%, which equates to an annual appreciation rate of -2.23%.

Notably, Woodridge's appreciation rate in the latest quarter is one of the lowest in America.

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

Average Home Values

 

Median Home Value:
$150,728

Woodridge, NY HOME PRICES

Value Range
> $1,037,000 0.7
$778,001 - $1,037,000 1.1
$519,001 - $778,000 2.5
$415,001 - $519,000 2.7
$311,001 - $415,000 2.6
$207,001 - $311,000 26.3
$104,001 - $207,000 38.3
$52,001 - $104,000 23.9
$0 - $52,000 1.8

Average for NY
Average for Nation

Value Relative to Nation Value Relative to State
49.6191257470995 59.8204264870932

Number Of Homes And Apartments:
313

Woodridge 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
71.59% 3.18% 8 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$872 / per month

Homeownership Rate

Homeownership
Owners 32.50
Renters 67.50
Vacant 59.97

Housing Market Details

 

Age of Homes

AGE OF Woodridge HOMES
2000 or Newer 17.4
1970 - 1999 40.0
1940 - 1969 30.6
1939 or Older 12.0

Types of Homes

TYPE OF Woodridge HOMES
Single-Family 56.6
Townhomes 4.6
Small Apt. Buildings 11.4
Apt. Complexes 25.4
Mobile Homes 1.9
Other 0.0

Home Size

SIZE OF Woodridge HOMES
No Bedroom 1.41
1 Bedroom 24.17
2 Bedrooms 18.16
3 Bedrooms 38.75
4 Bedrooms 13.55
5 or more bedrooms 3.96