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 a population of 2,804, 1,007 total housing units (homes and apartments), and a median house value of $260,709, Woodbury real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Woodbury, accounting for 73.53% of the town's housing units. Other types of housing that are prevalent in Woodbury include large apartment complexes or high rise apartments ( 14.45%), duplexes, homes converted to apartments or other small apartment buildings ( 7.74%), and a few row houses and other attached homes ( 2.61%).
The most prevalent building size and type in Woodbury are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 46.40% owning and 53.60% renting.
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 49.39% of the town's housing hails from this era. Other housing ages represented in Woodbury include homes built between 1970-1999 ( 31.31%) and housing constructed between 2000 and later ( 12.77%). There's also some housing in Woodbury built before 1939 ( 6.52%).
In the last 10 years, Woodbury has experienced some of the highest home appreciation rates of any community in the nation. Woodbury real estate appreciated 120.39% over the last ten years, which is an average annual home appreciation rate of 8.22%, putting Woodbury in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Woodbury definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Woodbury appreciation rates have trailed the rest of the nation. In the last twelve months, Woodbury's appreciation rate has been 3.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Woodbury were at 1.16%, which equates to an annual appreciation rate of 4.72%.
Relative to Tennessee, our data show that Woodbury's latest annual appreciation rate is lower than 80% of the other cities and towns in Tennessee.
$260,709
for Tennessee
for nation
1,007
$1,512 / per month