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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Woodway, TX 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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Woodway, TX Housing Market Trends

With 9,585 people, 3,444 houses or apartments, and a median cost of homes of $438,030, Woodway real estate is some of the most expensive in Texas, although Woodway home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Woodway, accounting for 96.10% of the city's housing units. Other types of housing that are prevalent in Woodway include row houses and other attached homes ( 2.04%), mobile homes or trailers ( 1.08%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Woodway. Owner-occupied housing accounts for 87.02% of Woodway's homes, and 88.52% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Woodway 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 Woodway built between 1940-1969 ( 31.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.62%).

Woodway Home Appreciation Rates

Appreciation rates for homes in Woodway have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 92.17%, which ranks in the top 50% nationwide. This equates to an annual average Woodway house appreciation rate of 6.75%.

Over the last year, Woodway appreciation rates have trailed the rest of the nation. In the last twelve months, Woodway's appreciation rate has been -3.97%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Woodway were at -3.65%, which equates to an annual appreciation rate of -13.81%.

Notably, Woodway's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Woodway's latest annual appreciation rate is lower than 90% of the other cities and towns in Texas.

Average Home Values

Median Home Value

$438,030

Woodway, TX Home Prices
> $1,273,000
$955,001 - $1,273,000
$637,001 - $955,000
$509,001 - $637,000
$382,001 - $509,000
$255,001 - $382,000
$127,001 - $255,000
$64,001 - $127,000
$0 - $64,000
2.0%
2.0%
2.6%
2.6%
11.6%
11.6%
11.1%
11.1%
21.6%
21.6%
31.4%
31.4%
17.0%
17.0%
1.8%
1.8%
0.9%
0.9%
0% 100.0%
% of Homes
Very High

for Texas

High

for nation

Number of Homes And Apartments:

3,444

Woodway Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,392 / per month

Homeownership Rate

Owners
Renters
87.0%
87.0%
13.0%
13.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.4%
7.4%
92.6%
92.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
14.6%
14.6%
53.8%
53.8%
31.6%
31.6%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
96.1%
96.1%
2.0%
2.0%
0.0%
0.0%
0.8%
0.8%
1.1%
1.1%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.0%
0.0%
1.1%
1.1%
5.0%
5.0%
51.3%
51.3%
37.3%
37.3%
5.4%
5.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Woodway

Zip Codes in Woodway, TX