Woodburn, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Woodburn, OR 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 Q2 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Woodburn Housing Market Information

With 25,590 people, 7,866 houses or apartments, and a median cost of homes of $242,981, Woodburn real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Woodburn, accounting for 67.08% of the city's housing units. Other types of housing that are prevalent in Woodburn include large apartment complexes or high rise apartments ( 14.64%), mobile homes or trailers ( 8.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.02%).

People in Woodburn primarily live in small (one, two or no bedroom) single-family detached homes. Woodburn has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Woodburn 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 Woodburn built between 1940-1969 ( 27.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.26%). There's also some housing in Woodburn built before 1939 ( 5.32%).

Woodburn Home Appreciation Rates

Appreciation rates for homes in Woodburn have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 20.42%, which ranks in the top 30% nationwide. This equates to an annual average Woodburn house appreciation rate of 1.88%.

Appreciation rates are so strong in Woodburn that despite a nationwide downturn in the housing market, Woodburn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Woodburn appreciation rates continue to be some of the highest in America, at 9.42%, which is higher than appreciation rates in 93.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Woodburn. Woodburn appreciation rates in the latest quarter were at 2.57%, which equates to an annual appreciation rate of 10.68%.

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

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

Average Home Values

 

Median Home Value:
$242,981

Woodburn, OR HOME PRICES

Value Range
> $1,506,000 0.0
$1,130,001 - $1,506,000 0.7
$753,001 - $1,130,000 1.3
$603,001 - $753,000 1.4
$452,001 - $603,000 5.5
$302,001 - $452,000 22.5
$151,001 - $302,000 55.3
$75,001 - $151,000 5.7
$0 - $75,000 7.6

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
26.6861313868613 69.5652173913043

Number Of Homes And Apartments:
7,866

Woodburn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2018 Q1 - 2018 Q2
Last 12 Months:
2017 Q2 - 2018 Q2
Last 2 Years:
2016 Q2 - 2018 Q2
Last 5 Years:
2013 Q2 - 2018 Q2
Last 10 Years:
2008 Q2 - 2018 Q2
Since 2000:
2000 Q1 - 2018 Q2
92.57% 3.61%
7
9
* 10 is highest


Rent & Ownership

 

Average Market Rent:
$1,089 / per month

Homeownership Rate

Homeownership
Owners 59.88
Renters 40.12
Vacant 6.40

Housing Market Details

 

Age of Homes

AGE OF Woodburn HOMES
2000 or Newer 19.3
1970 - 1999 48.1
1940 - 1969 27.3
1939 or Older 5.3

Types of Homes

TYPE OF Woodburn HOMES
Single-Family 67.1
Townhomes 1.7
Small Apt. Buildings 8.0
Apt. Complexes 14.6
Mobile Homes 8.5
Other 0.1

Home Size

SIZE OF Woodburn HOMES
No Bedroom 2.94
1 Bedroom 8.28
2 Bedrooms 41.22
3 Bedrooms 33.56
4 Bedrooms 11.04
5 or more bedrooms 2.96