Woodburn, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Woodburn Neighborhoods Since 2000




Woodburn, OR Real Estate Data


Woodburn Housing Market Information

With 25,173 people, 7,874 houses or apartments, and a median cost of homes of $212,573, 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 63.22% of the city's housing units. Other types of housing that are prevalent in Woodburn include large apartment complexes or high rise apartments ( 17.79%), duplexes, homes converted to apartments or other small apartment buildings ( 8.02%), and a few mobile homes or trailers ( 7.19%).

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 ( 26.02%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.65%). There's also some housing in Woodburn built before 1939 ( 6.75%).

Woodburn Home Appreciation Rates

Real estate appreciation rates in Woodburn's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.39% during the period.

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 8.08%, which is higher than appreciation rates in 91.88% 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 3.62%, which equates to an annual appreciation rate of 15.30%.

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 lower than 50% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$212,573

Woodburn, OR HOME PRICES

Value Range
> $1,335,000 0.0
$1,001,001 - $1,335,000 1.1
$668,001 - $1,001,000 0.9
$534,001 - $668,000 1.5
$401,001 - $534,000 4.2
$267,001 - $401,000 21.8
$133,001 - $267,000 55.2
$67,001 - $133,000 6.2
$0 - $67,000 9.1

Low for OR
High for Nation

Value Relative to Nation Value Relative to State
30.1809451308778 75.8454106280193

Number Of Homes And Apartments:
7,874

Rent & Ownership

 

Average Market Rent:
$1,004 / per month

Homeownership Rate

Homeownership
Owners 56.63
Renters 43.37
Vacant 9.97

Housing Market Details

 

Age of Homes

AGE OF Woodburn HOMES
2000 or Newer 19.7
1970 - 1999 47.6
1940 - 1969 26.0
1939 or Older 6.7

Types of Homes

TYPE OF Woodburn HOMES
Single-Family 63.2
Townhomes 3.6
Small Apt. Buildings 8.0
Apt. Complexes 17.8
Mobile Homes 7.2
Other 0.2

Home Size

SIZE OF Woodburn HOMES
No Bedroom 3.53
1 Bedroom 10.75
2 Bedrooms 40.16
3 Bedrooms 32.03
4 Bedrooms 11.58
5 or more bedrooms 1.96

Woodburn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
48.54% 2.35% 2 6
* 10 is highest