Woodbury, TN
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Woodbury, TN 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

Woodbury Housing Market Information

With 2,762 people, 1,048 houses or apartments, and a median cost of homes of $155,116, Woodbury real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Woodbury, accounting for 74.15% of the town's housing units. Other types of housing that are prevalent in Woodbury include large apartment complexes or high rise apartments ( 11.36%), duplexes, homes converted to apartments or other small apartment buildings ( 9.83%), and a few mobile homes or trailers ( 3.47%).

The most prevalent building size and type in Woodbury are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 44.60% owning and 55.40% renting.

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. Woodbury's housing was primarily built during this period, from the '40s through the '60s. A full 44.83% of the town's housing hails from this era. Other housing ages represented in Woodbury include homes built between 1970-1999 ( 39.41%) and housing constructed between 2000 and later ( 10.59%). There's also some housing in Woodbury built before 1939 ( 5.17%).

Vacant housing appears to be an issue in Woodbury. Fully 11.19% of the housing stock is classified as vacant. Left unchecked, vacant Woodbury homes and apartments can be a drag on the real estate market, holding Woodbury 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.

Woodbury Home Appreciation Rates

Appreciation rates for homes in Woodbury have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 14.23%, which ranks in the top 30% nationwide. This equates to an annual average Woodbury house appreciation rate of 1.34%.

Appreciation rates are so strong in Woodbury that despite a nationwide downturn in the housing market, Woodbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Woodbury appreciation rates continue to be some of the highest in America, at 7.08%, which is higher than appreciation rates in 81.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Woodbury. Woodbury appreciation rates in the latest quarter were at 2.76%, which equates to an annual appreciation rate of 11.51%.

Importantly, this makes Woodbury 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 Tennessee, our data show that Woodbury's latest annual appreciation rate is higher than 80% of the other cities and towns in Tennessee.

Average Home Values

 

Median Home Value:
$155,116

Woodbury, TN HOME PRICES

Value Range
> $1,191,000 0.0
$893,001 - $1,191,000 0.9
$596,001 - $893,000 2.2
$477,001 - $596,000 0.3
$357,001 - $477,000 5.1
$238,001 - $357,000 19.6
$119,001 - $238,000 32.1
$60,001 - $119,000 28.0
$0 - $60,000 11.7

High for TN
Average for Nation

Value Relative to Nation Value Relative to State
47.8612445798664 28.0612244897959

Number Of Homes And Apartments:
1,048

Woodbury Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TN*
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
48.71% 2.33% 8 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$838 / per month

Homeownership Rate

Homeownership
Owners 44.60
Renters 55.40
Vacant 11.19

Housing Market Details

 

Age of Homes

AGE OF Woodbury HOMES
2000 or Newer 10.6
1970 - 1999 39.4
1940 - 1969 44.8
1939 or Older 5.2

Types of Homes

TYPE OF Woodbury HOMES
Single-Family 74.2
Townhomes 1.2
Small Apt. Buildings 9.8
Apt. Complexes 11.4
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Woodbury HOMES
No Bedroom 0.00
1 Bedroom 12.20
2 Bedrooms 30.85
3 Bedrooms 48.90
4 Bedrooms 6.36
5 or more bedrooms 1.69

Popular Neighborhoods in Woodbury

Zip Codes in Woodbury, TN