Woodway, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Woodway, TX Real Estate Data


Woodway Housing Market Information

With 8,777 people, 3,233 houses or apartments, and a median cost of homes of $221,852, Woodway real estate is some of the most expensive in Texas, although Woodway home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Woodway, accounting for 98.50% of the city's housing units. Other types of housing that are prevalent in Woodway include duplexes, homes converted to apartments or other small apartment buildings ( 1.01%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Woodway. Owner-occupied housing accounts for 89.57% of Woodway's homes, and 88.02% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Woodway 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 Woodway built between 1940-1969 ( 35.11%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.29%).

Woodway Home Appreciation Rates

In the last 10 years, Woodway has experienced some of the highest home appreciation rates of any community in the nation. Woodway real estate appreciated 24.15% over the last ten years, which is an average annual home appreciation rate of 2.19%, putting Woodway in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Woodway definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Woodway's appreciation rate, at 5.66%, has been at or slightly above the national average. In the latest quarter, Woodway's appreciation rate has been 5.00%, which annualizes to a rate of 21.53%.

Importantly, this makes Woodway 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 Texas, our data show that Woodway's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$221,852

Woodway, TX HOME PRICES

Value Range
> $1,204,000 0.0
$903,001 - $1,204,000 0.8
$602,001 - $903,000 4.7
$482,001 - $602,000 3.3
$362,001 - $482,000 7.2
$241,001 - $362,000 24.1
$121,001 - $241,000 46.7
$60,001 - $121,000 10.7
$0 - $60,000 2.6

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
28.207530596709 13.3009708737864

Number Of Homes And Apartments:
3,233

Rent & Ownership

 

Average Market Rent:
$1,615 / per month

Homeownership Rate

Homeownership
Owners 89.57
Renters 10.43
Vacant 6.88

Housing Market Details

 

Age of Homes

AGE OF Woodway HOMES
2000 or Newer 4.3
1970 - 1999 60.2
1940 - 1969 35.1
1939 or Older 0.4

Types of Homes

TYPE OF Woodway HOMES
Single-Family 98.5
Townhomes 0.0
Small Apt. Buildings 1.0
Apt. Complexes 0.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Woodway HOMES
No Bedroom 0.00
1 Bedroom 0.32
2 Bedrooms 6.42
3 Bedrooms 49.02
4 Bedrooms 39.00
5 or more bedrooms 5.24

Woodway Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
48.81% 2.37% 2 6
* 10 is highest

Popular Neighborhoods in Woodway

Zip Codes in Woodway, TX