Woodburn, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Woodburn Neighborhoods Since 2000




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 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

Woodburn Housing Market Information

With a population of 25,173, 7,829 total housing units (homes and apartments), and a median house value of $222,282, 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.

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 1.01%, which ranks in the top 50% nationwide. This equates to an annual average Woodburn house appreciation rate of 0.10%.

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 15.93%, which is higher than appreciation rates in 99.54% 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 2.28%, which equates to an annual appreciation rate of 9.45%.

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:
$222,282

Woodburn, OR HOME PRICES

Value Range
> $1,406,000 0.0
$1,055,001 - $1,406,000 0.7
$703,001 - $1,055,000 1.2
$562,001 - $703,000 2.0
$422,001 - $562,000 4.8
$281,001 - $422,000 21.8
$141,001 - $281,000 55.1
$71,001 - $141,000 7.1
$0 - $71,000 7.2

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
27.2530176960038 69.5652173913043

Number Of Homes And Apartments:
7,829

Woodburn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
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
63.13% 2.88% 4 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,014 / per month

Homeownership Rate

Homeownership
Owners 58.46
Renters 41.54
Vacant 10.08

Housing Market Details

 

Age of Homes

AGE OF Woodburn HOMES
2000 or Newer 19.4
1970 - 1999 46.9
1940 - 1969 27.7
1939 or Older 6.1

Types of Homes

TYPE OF Woodburn HOMES
Single-Family 65.7
Townhomes 3.5
Small Apt. Buildings 6.8
Apt. Complexes 16.8
Mobile Homes 7.0
Other 0.2

Home Size

SIZE OF Woodburn HOMES
No Bedroom 4.17
1 Bedroom 9.70
2 Bedrooms 38.50
3 Bedrooms 35.30
4 Bedrooms 10.37
5 or more bedrooms 1.95