Woodbridge, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Woodbridge Neighborhoods Since 2000




Woodbridge, VA Real Estate Data


Woodbridge Housing Market Information

With 4,503 people, 1,788 houses or apartments, and a median cost of homes of $421,329, 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 55.04% of the town's housing units. Other types of housing that are prevalent in Woodbridge include large apartment complexes or high rise apartments ( 29.69%), single-family detached homes ( 14.57%). 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.

Owner-occupied, three and four bedroom dwellings, primarily in row houses and other attached homes are the most prevalent type of housing you will see in Woodbridge. Owner-occupied housing accounts for 67.77% of Woodbridge's homes, and 65.44% have either three or four bedrooms, which is average sized relative to America.

Woodbridge homes and real estate are some of the newest in America. 52.82% 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 ( 31.74%), and between 1970-1999 ( 15.44%).

Woodbridge Home Appreciation Rates

Homes have actually lost value in Woodbridge over the last then years, as home values have seen a decline of 20.32% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Woodbridge home appreciation rates at 1.43%, which equates to an annual appreciation rate of 5.85%.

NeighborhoodScout's data show that during the latest twelve months, Woodbridge's appreciation rate, at 5.35%, has been at or slightly above the national average. In the latest quarter, Woodbridge's appreciation rate has been 1.43%, which annualizes to a rate of 5.85%.

Relative to Virginia, our data show that Woodbridge's latest annual appreciation rate is higher than 80% 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:
$421,329

Woodbridge, VA HOME PRICES

Value Range
> $1,271,000 0.0
$953,001 - $1,271,000 0.9
$635,001 - $953,000 9.9
$508,001 - $635,000 21.4
$381,001 - $508,000 23.1
$254,001 - $381,000 22.6
$127,001 - $254,000 19.1
$64,001 - $127,000 0.6
$0 - $64,000 2.4

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
8.73104175206418 11.0803324099723

Number Of Homes And Apartments:
1,788

Rent & Ownership

 

Average Market Rent:
$1,993 / per month

Homeownership Rate

Homeownership
Owners 67.77
Renters 32.23
Vacant 3.14

Housing Market Details

 

Age of Homes

AGE OF Woodbridge HOMES
2000 or Newer 52.8
1970 - 1999 15.4
1940 - 1969 31.7
1939 or Older 0.0

Types of Homes

TYPE OF Woodbridge HOMES
Single-Family 14.6
Townhomes 55.0
Small Apt. Buildings 0.7
Apt. Complexes 29.7
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Woodbridge HOMES
No Bedroom 0.00
1 Bedroom 9.26
2 Bedrooms 21.34
3 Bedrooms 55.53
4 Bedrooms 9.91
5 or more bedrooms 3.95

Woodbridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
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
100.23% 4.17% 10 10
* 10 is highest