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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 25,173, 7,829 total housing units (homes and apartments), and a median house value of $233,395, 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 65.74% of the city's housing units. Other types of housing that are prevalent in Woodburn include large apartment complexes or high rise apartments ( 16.76%), mobile homes or trailers ( 7.01%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.76%).
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 ( 27.67%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.35%). There's also some housing in Woodburn built before 1939 ( 6.08%).
Vacant housing appears to be an issue in Woodburn. Fully 10.08% of the housing stock is classified as vacant. Left unchecked, vacant Woodburn homes and apartments can be a drag on the real estate market, holding Woodburn 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.
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 4.33%, which ranks in the top 50% nationwide. This equates to an annual average Woodburn house appreciation rate of 0.43%.
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 15.68%, which is higher than appreciation rates in 99.77% 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 4.98%, which equates to an annual appreciation rate of 21.47%.
Importantly, NeighborhoodScout’s exclusive research found that Woodburn's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which 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.
|$1,107,001 - $1,477,000||0.7|
|$738,001 - $1,107,000||1.2|
|$590,001 - $738,000||2.0|
|$443,001 - $590,000||4.8|
|$295,001 - $443,000||21.8|
|$148,001 - $295,000||55.1|
|$74,001 - $148,000||7.1|
|$0 - $74,000||7.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Woodburn HOMES|
|2000 or Newer||19.4|
|1970 - 1999||46.9|
|1940 - 1969||27.7|
|1939 or Older||6.1|
|TYPE OF Woodburn HOMES|
|Small Apt. Buildings||6.8|
|SIZE OF Woodburn HOMES|
|5 or more bedrooms||1.95|