Woodbridge, CT Real Estate Market

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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Woodbridge, CT Housing Market Trends

With a population of 8,750, 2,897 total housing units (homes and apartments), and a median house value of $555,026, Woodbridge house prices are not only among the most expensive in Connecticut, Woodbridge real estate also is some of the most expensive in all of America.

Woodbridge is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Woodbridge than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Woodbridge. Owner-occupied housing accounts for 87.14% of Woodbridge's homes, and 71.93% 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. Woodbridge's housing was primarily built during this period, from the '40s through the '60s. A full 45.00% of the town's housing hails from this era. Other housing ages represented in Woodbridge include homes built between 1970-1999 ( 28.13%) and housing constructed before 1939 ( 15.00%). There's also some housing in Woodbridge built between 2000 and later ( 11.88%).

Woodbridge Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Woodbridge, where house values have increased just 13.90%, which is annualized rate of 1.31%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

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 10.85%, which is higher than appreciation rates in 74.84% 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 3.64%, which equates to an annual appreciation rate of 15.38%.

Importantly, this makes Woodbridge one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Connecticut, our data show that Woodbridge's latest annual appreciation rate is lower than 60% of the other cities and towns in Connecticut.

Average Home Values

 

Median Home Value:
$555,026

Woodbridge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CT*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
37.01% 1.48%
1
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,899 / per month

Homeownership Rate

Owners
87.1%
87.1%
Renters
12.9%
12.9%
Vacant
6.8%
6.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
11.9%
11.9%
1970 - 1999
28.1%
28.1%
1940 - 1969
45.0%
45.0%
1939 or Older
15.0%
15.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
91.0%
91.0%
Townhomes
0.3%
0.3%
Small Apt. Buildings
3.7%
3.7%
Apt. Complexes
4.7%
4.7%
Mobile Homes
0.3%
0.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.4%
1.4%
1 Bedroom
6.0%
6.0%
2 Bedrooms
7.5%
7.5%
3 Bedrooms
35.1%
35.1%
4 Bedrooms
36.9%
36.9%
5 or more bedrooms
13.2%
13.2%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Woodbridge

Zip Codes in Woodbridge, CT