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 44,668, 13,655 total housing units (homes and apartments), and a median house value of $496,337, Woodbridge real estate prices are well above average cost compared to national prices.
Large apartment complexes or high rise apartments are the single most common housing type in Woodbridge, accounting for 38.80% of the town's housing units. Other types of housing that are prevalent in Woodbridge include single-family detached homes ( 37.40%), row houses and other attached homes ( 18.81%), and a few mobile homes or trailers ( 2.70%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.
The most prevalent building size and type in Woodbridge are three and four bedroom dwellings. The town has a mixture of owners and renters, with 59.99% owning and 40.01% renting.
There is a lot of housing in Woodbridge 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 Woodbridge built between 1940-1969 ( 31.56%). A lesser amount of the housing stock also hails from between 2000 and later ( 30.38%).
Real estate appreciation rates in Woodbridge's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.40% during the period.
Over the last year, Woodbridge appreciation rates have trailed the rest of the nation. In the last twelve months, Woodbridge's appreciation rate has been 4.24%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Woodbridge were at 3.11%, which equates to an annual appreciation rate of 13.04%.
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 Virginia, our data show that Woodbridge's latest annual appreciation rate is lower than 70% of the other cities and towns in Virginia.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Woodbridge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Woodbridge - 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 Woodbridge real estate investment or home purchase decisions.
$496,337
for Virginia
for nation
13,655
$2,802 / per month