Woodstock, NY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Woodstock, NY Real Estate Data


Woodstock Housing Market Information

With a population of 2,085, 997 total housing units (homes and apartments), and a median house value of $339,884, real estate costs in Woodstock 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 York communities.

Single-family detached homes are the single most common housing type in Woodstock, accounting for 81.58% of the town's housing units. Other types of housing that are prevalent in Woodstock include duplexes, homes converted to apartments or other small apartment buildings ( 15.34%), large apartment complexes or high rise apartments ( 3.08%).

Dwellings in Woodstock tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.09% of the homes in Woodstock have two or fewer bedrooms.

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. Woodstock's housing was primarily built during this period, from the '40s through the '60s. A full 43.14% of the town's housing hails from this era. Other housing ages represented in Woodstock include homes built before 1939 ( 31.72%) and housing constructed between 1970-1999 ( 19.40%). There's also some housing in Woodstock built between 2000 and later ( 5.74%).

Vacant housing appears to be an issue in Woodstock. Fully 30.18% of the housing stock is classified as vacant. Left unchecked, vacant Woodstock homes and apartments can be a drag on the real estate market, holding Woodstock 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.

Woodstock Home Appreciation Rates

Real estate appreciation rates in Woodstock's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.30% during the period.

Appreciation rates are so strong in Woodstock that despite a nationwide downturn in the housing market, Woodstock real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Woodstock appreciation rates continue to be some of the highest in America, at 13.60%, which is higher than appreciation rates in 98.06% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Woodstock. Woodstock appreciation rates in the latest quarter were at 5.26%, which equates to an annual appreciation rate of 22.77%.

Importantly, this makes Woodstock one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to New York, our data show that Woodstock's latest annual appreciation rate is higher than 90% of the other cities and towns in New York.

Average Home Values

 

Median Home Value:
$339,884

Woodstock, NY HOME PRICES

Value Range
> $1,160,000 1.9
$869,001 - $1,160,000 6.3
$580,001 - $869,000 7.3
$463,001 - $580,000 15.5
$348,001 - $463,000 16.3
$232,001 - $348,000 38.6
$116,001 - $232,000 10.1
$58,001 - $116,000 1.3
$0 - $58,000 1.4

High for NY
Very High for Nation

Value Relative to Nation Value Relative to State
12.7153404429861 29.1806958473625

Number Of Homes And Apartments:
997

Rent & Ownership

 

Average Market Rent:
$1,498 / per month

Homeownership Rate

Homeownership
Owners 76.14
Renters 23.86
Vacant 30.18

Housing Market Details

 

Age of Homes

AGE OF Woodstock HOMES
2000 or Newer 5.7
1970 - 1999 19.4
1940 - 1969 43.1
1939 or Older 31.7

Types of Homes

TYPE OF Woodstock HOMES
Single-Family 81.6
Townhomes 0.0
Small Apt. Buildings 15.3
Apt. Complexes 3.1
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Woodstock HOMES
No Bedroom 3.78
1 Bedroom 15.97
2 Bedrooms 29.34
3 Bedrooms 39.85
4 Bedrooms 5.39
5 or more bedrooms 5.67

Woodstock Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
NY*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
72.71% 3.22% 8 9
* 10 is highest