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 44,668 people, 14,324 houses or apartments, and a median cost of homes of $482,995, 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 37.01% of the town's housing units. Other types of housing that are prevalent in Woodbridge include single-family detached homes ( 35.87%), row houses and other attached homes ( 20.73%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.51%). 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 54.41% owning and 45.59% 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 2000 and later ( 33.49%). A lesser amount of the housing stock also hails from between 1940-1969 ( 31.05%). There's also some housing in Woodbridge built before 1939 ( 1.25%).
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 6.55% 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 2.00%, 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 -0.36%, which equates to an annual appreciation rate of -1.43%.
Relative to Virginia, our data show that Woodbridge's latest annual appreciation rate is lower than 80% 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.
$482,995
for Virginia
for nation
14,324
$3,062 / per month