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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 10,048 people, 4,110 houses or apartments, and a median cost of homes of $262,818, Woodbury real estate values are some of the lowest in New Jersey, although compared to real estate around the nation, Woodbury homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Woodbury, accounting for 62.91% of the city's housing units. Other types of housing that are prevalent in Woodbury include large apartment complexes or high rise apartments ( 21.55%), duplexes, homes converted to apartments or other small apartment buildings ( 10.64%), and a few row houses and other attached homes ( 4.60%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Woodbury. Owner-occupied housing accounts for 65.94% of Woodbury's homes, and 57.32% have either three or four bedrooms, which is average sized relative to America.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Woodbury's housing was primarily built during this period, from the '40s through the '60s. A full 44.84% of the city's housing hails from this era. Other housing ages represented in Woodbury include homes built before 1939 ( 35.62%) and housing constructed between 1970-1999 ( 17.06%). There's also some housing in Woodbury built between 2000 and later ( 2.48%).
Vacant housing appears to be an issue in Woodbury. Fully 11.27% of the housing stock is classified as vacant. Left unchecked, vacant Woodbury homes and apartments can be a drag on the real estate market, holding Woodbury real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Real estate appreciation rates in Woodbury's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.07% during the period.
Appreciation rates are so strong in Woodbury that despite a nationwide downturn in the housing market, Woodbury real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Woodbury appreciation rates continue to be some of the highest in America, at 9.17%, which is higher than appreciation rates in 81.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Woodbury. Woodbury appreciation rates in the latest quarter were at 1.44%, which equates to an annual appreciation rate of 5.90%.
Relative to New Jersey, our data show that Woodbury's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Woodbury differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Woodbury - 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 Woodbury real estate investment or home purchase decisions.
$262,818
for New jersey
for nation
4,110
$2,051 / per month