Woodbridge, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Woodbridge Neighborhoods Since 2000




Woodbridge, VA 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

Woodbridge Housing Market Information

With a population of 4,503, 1,782 total housing units (homes and apartments), and a median house value of $475,986, Woodbridge house prices are not only among the most expensive in Virginia, Woodbridge real estate also is some of the most expensive in all of America.

Row houses and other attached homes are the single most common housing type in Woodbridge, accounting for 49.03% of the town's housing units. Other types of housing that are prevalent in Woodbridge include large apartment complexes or high rise apartments ( 33.78%), single-family detached homes ( 16.43%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.

The most prevalent building size and type in Woodbridge are three and four bedroom dwellings, chiefly found in row houses and other attached homes. The town has a mixture of owners and renters, with 63.10% owning and 36.90% renting.

Woodbridge homes and real estate are some of the newest in America. 48.06% of Woodbridge's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Woodbridge real estate market has to offer. Quite a bit of the housing here was also built between 1940-1969 ( 32.22%), and between 1970-1999 ( 19.72%).

Woodbridge Home Appreciation Rates

Homes have actually lost value in Woodbridge over the last then years, as home values have seen a decline of 21.16% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Woodbridge home appreciation rates at -0.17%, which equates to an annual appreciation rate of -0.70%.

Appreciation rates are so strong in Woodbridge that despite a nationwide downturn in the housing market, Woodbridge real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Woodbridge appreciation rates continue to be some of the highest in America, at 6.34%, which is higher than appreciation rates in 76.75% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Woodbridge. Woodbridge appreciation rates in the latest quarter were at -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Woodbridge's latest annual appreciation rate is higher than 90% of the other cities and towns in Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Woodbridge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Woodbridge - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Woodbridge real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$475,986

Woodbridge, VA HOME PRICES

Value Range
> $1,234,000 0.4
$926,001 - $1,234,000 1.0
$617,001 - $926,000 10.2
$494,001 - $617,000 20.8
$371,001 - $494,000 19.8
$247,001 - $371,000 27.3
$124,001 - $247,000 17.0
$62,001 - $124,000 0.5
$0 - $62,000 3.1

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
6.58619477323333 6.09418282548477

Number Of Homes And Apartments:
1,782

Woodbridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
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
106.08% 4.28% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,732 / per month

Homeownership Rate

Homeownership
Owners 63.10
Renters 36.90
Vacant 3.99

Housing Market Details

 

Age of Homes

AGE OF Woodbridge HOMES
2000 or Newer 48.1
1970 - 1999 19.7
1940 - 1969 32.2
1939 or Older 0.0

Types of Homes

TYPE OF Woodbridge HOMES
Single-Family 16.4
Townhomes 49.0
Small Apt. Buildings 0.8
Apt. Complexes 33.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Woodbridge HOMES
No Bedroom 0.00
1 Bedroom 10.67
2 Bedrooms 23.11
3 Bedrooms 51.24
4 Bedrooms 10.29
5 or more bedrooms 4.69