Woodford, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Woodford Neighborhoods Since 2000




Woodford, 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

Woodford Housing Market Information

With 6,160 people, 1,273 houses or apartments, and a median cost of homes of $225,724, Woodford real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Woodford, accounting for 77.90% of the town's housing units. Other types of housing that are prevalent in Woodford include mobile homes or trailers ( 15.57%), duplexes, homes converted to apartments or other small apartment buildings ( 4.87%), and a few row houses and other attached homes ( 1.24%).

The most prevalent building size and type in Woodford are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.07% owning and 43.93% renting.

There is a lot of housing in Woodford 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 Woodford built between 1940-1969 ( 22.18%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.21%). There's also some housing in Woodford built before 1939 ( 9.37%).

Woodford Home Appreciation Rates

Woodford's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Woodford during the period has been just -2.03%, which is lower than 80% of US communities.

Appreciation rates are so strong in Woodford that despite a nationwide downturn in the housing market, Woodford real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Woodford appreciation rates continue to be some of the highest in America, at 13.84%, which is higher than appreciation rates in 98.95% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Woodford. Woodford appreciation rates in the latest quarter were at 1.35%, which equates to an annual appreciation rate of 5.51%.

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

Average Home Values

 

Median Home Value:
$225,724

Woodford, VA HOME PRICES

Value Range
> $1,207,000 3.2
$905,001 - $1,207,000 1.8
$604,001 - $905,000 3.7
$483,001 - $604,000 3.1
$362,001 - $483,000 11.0
$242,001 - $362,000 18.0
$120,001 - $242,000 42.8
$60,001 - $120,000 7.4
$0 - $60,000 9.2

High for VA
High for Nation

Value Relative to Nation Value Relative to State
26.6846361185984 36.2880886426593

Number Of Homes And Apartments:
1,273

Woodford 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
54.98% 2.57% 6 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,231 / per month

Homeownership Rate

Homeownership
Owners 56.07
Renters 43.93
Vacant 9.22

Housing Market Details

 

Age of Homes

AGE OF Woodford HOMES
2000 or Newer 21.2
1970 - 1999 47.2
1940 - 1969 22.2
1939 or Older 9.4

Types of Homes

TYPE OF Woodford HOMES
Single-Family 77.9
Townhomes 1.2
Small Apt. Buildings 4.9
Apt. Complexes 0.4
Mobile Homes 15.6
Other 0.0

Home Size

SIZE OF Woodford HOMES
No Bedroom 0.00
1 Bedroom 7.06
2 Bedrooms 21.33
3 Bedrooms 52.03
4 Bedrooms 16.03
5 or more bedrooms 3.55