Woodway, TX
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Woodway, TX 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

Woodway Housing Market Information

With a population of 8,777, 3,267 total housing units (homes and apartments), and a median house value of $195,431, Woodway real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Woodway, accounting for 98.55% 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 ( 1.07%).

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 87.47% of Woodway's homes, and 90.35% 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 ( 33.00%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.61%).

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 23.68% over the last ten years, which is an average annual home appreciation rate of 2.15%, 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.

Appreciation rates are so strong in Woodway that despite a nationwide downturn in the housing market, Woodway real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Woodway appreciation rates continue to be some of the highest in America, at 6.31%, which is higher than appreciation rates in 76.60% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Woodway. Woodway appreciation rates in the latest quarter were at 0.68%, which equates to an annual appreciation rate of 2.76%.

Relative to Texas, our data show that Woodway's latest annual appreciation rate is higher than 60% of the other cities and towns in Texas.

Average Home Values

 

Median Home Value:
$195,431

Woodway, TX HOME PRICES

Value Range
> $1,152,000 0.0
$864,001 - $1,152,000 0.3
$576,001 - $864,000 5.2
$461,001 - $576,000 3.6
$346,001 - $461,000 6.7
$230,001 - $346,000 24.4
$116,001 - $230,000 49.3
$58,001 - $116,000 8.3
$0 - $58,000 2.3

Very High for TX
High for Nation

Value Relative to Nation Value Relative to State
33.4026719793742 17.8988326848249

Number Of Homes And Apartments:
3,267

Woodway Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
TX*
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
49.45% 2.36% 2 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,356 / per month

Homeownership Rate

Homeownership
Owners 87.47
Renters 12.53
Vacant 5.36

Housing Market Details

 

Age of Homes

AGE OF Woodway HOMES
2000 or Newer 4.6
1970 - 1999 62.0
1940 - 1969 33.0
1939 or Older 0.4

Types of Homes

TYPE OF Woodway HOMES
Single-Family 98.6
Townhomes 0.4
Small Apt. Buildings 1.1
Apt. Complexes 0.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Woodway HOMES
No Bedroom 0.00
1 Bedroom 0.29
2 Bedrooms 5.04
3 Bedrooms 51.56
4 Bedrooms 38.79
5 or more bedrooms 4.32

Popular Neighborhoods in Woodway

Zip Codes in Woodway, TX