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 7,590, 2,121 total housing units (homes and apartments), and a median house value of $379,069, Woodlake real estate values are some of the lowest in California, although compared to real estate around the nation, Woodlake homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Woodlake, accounting for 68.28% of the city's housing units. Other types of housing that are prevalent in Woodlake include large apartment complexes or high rise apartments ( 15.21%), duplexes, homes converted to apartments or other small apartment buildings ( 10.79%), and a few row houses and other attached homes ( 3.75%).
The most prevalent building size and type in Woodlake are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 50.25% owning and 49.75% renting.
There is a lot of housing in Woodlake 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 Woodlake built between 2000 and later ( 28.52%). A lesser amount of the housing stock also hails from between 1940-1969 ( 25.77%). There's also some housing in Woodlake built before 1939 ( 5.19%).
In the last 10 years, Woodlake has experienced some of the highest home appreciation rates of any community in the nation. Woodlake real estate appreciated 144.00% over the last ten years, which is an average annual home appreciation rate of 9.33%, putting Woodlake in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Woodlake 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 Woodlake that despite a nationwide downturn in the housing market, Woodlake real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Woodlake appreciation rates continue to be some of the highest in America, at 12.59%, which is higher than appreciation rates in 94.77% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Woodlake. Woodlake appreciation rates in the latest quarter were at 0.42%, which equates to an annual appreciation rate of 1.71%.
Notably, Woodlake's appreciation rate in the latest quarter is one of the lowest in America.
Relative to California, our data show that Woodlake's latest annual appreciation rate is higher than 90% of the other cities and towns in California.
$379,069
for California
for nation
2,121
$1,352 / per month