Woodburn, OR 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

Woodburn, OR Housing Market Trends

With 26,273 people, 8,018 houses or apartments, and a median cost of homes of $280,985, Woodburn real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Woodburn, accounting for 66.25% of the city's housing units. Other types of housing that are prevalent in Woodburn include large apartment complexes or high rise apartments ( 15.97%), duplexes, homes converted to apartments or other small apartment buildings ( 7.41%), and a few mobile homes or trailers ( 7.32%).

People in Woodburn primarily live in small (one, two or no bedroom) single-family detached homes. Woodburn has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Woodburn 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 Woodburn built between 1940-1969 ( 28.49%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.46%). There's also some housing in Woodburn built before 1939 ( 3.84%).

Woodburn Home Appreciation Rates

In the last 10 years, Woodburn has experienced some of the highest home appreciation rates of any community in the nation. Woodburn real estate appreciated 123.01% over the last ten years, which is an average annual home appreciation rate of 8.35%, putting Woodburn in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Woodburn definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Woodburn that despite a nationwide downturn in the housing market, Woodburn real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Woodburn appreciation rates continue to be some of the highest in America, at 11.62%, which is higher than appreciation rates in 81.31% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Woodburn. Woodburn appreciation rates in the latest quarter were at 4.48%, which equates to an annual appreciation rate of 19.15%.

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

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

Average Home Values

 

Median Home Value:
$280,985

Woodburn, OR HOME PRICES

> $1,416,000
0.6%
0.6%
$1,062,001 - $1,416,000
0.6%
0.6%
$708,001 - $1,062,000
2.9%
2.9%
$567,001 - $708,000
3.2%
3.2%
$425,001 - $567,000
11.6%
11.6%
$283,001 - $425,000
32.4%
32.4%
$142,001 - $283,000
37.5%
37.5%
$71,001 - $142,000
3.7%
3.7%
$0 - $71,000
7.4%
7.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for OR

Value Relative To Nation

Number Of Homes And Apartments:
8,018

Woodburn Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
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
146.38% 4.28%
8
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,452 / per month

Homeownership Rate

Owners
63.1%
63.1%
Renters
36.9%
36.9%
Vacant
5.6%
5.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
22.5%
22.5%
1970 - 1999
45.2%
45.2%
1940 - 1969
28.5%
28.5%
1939 or Older
3.8%
3.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
66.3%
66.3%
Townhomes
3.0%
3.0%
Small Apt. Buildings
7.4%
7.4%
Apt. Complexes
16.0%
16.0%
Mobile Homes
7.3%
7.3%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.7%
2.7%
1 Bedroom
7.5%
7.5%
2 Bedrooms
40.3%
40.3%
3 Bedrooms
33.3%
33.3%
4 Bedrooms
11.5%
11.5%
5 or more bedrooms
4.7%
4.7%
0.0% 100.0%
% OF HOMES