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 11,487, 3,385 total housing units (homes and apartments), and a median house value of $576,264, real estate costs in Woods Cross are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Utah communities.
Woods Cross is a city of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Woods Cross than is found in 98% of the communities in America.
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Woods Cross. Owner-occupied housing accounts for 81.91% of Woods Cross's homes, and 61.61% have either three or four bedrooms, which is average sized relative to America.
Woods Cross homes and real estate are some of the newest in America. 43.44% of Woods Cross's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Woods Cross real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 35.51%), and between 1940-1969 ( 20.71%).
In the last 10 years, Woods Cross has experienced some of the highest home appreciation rates of any community in the nation. Woods Cross real estate appreciated 122.22% over the last ten years, which is an average annual home appreciation rate of 8.31%, putting Woods Cross in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Woods Cross definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Woods Cross appreciation rates have trailed the rest of the nation. In the last twelve months, Woods Cross's appreciation rate has been 1.56%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Woods Cross were at 0.24%, which equates to an annual appreciation rate of 0.96%.
Notably, Woods Cross's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Utah, our data show that Woods Cross's latest annual appreciation rate is lower than 80% of the other cities and towns in Utah.
$576,264
for Utah
for nation
3,385
$2,393 / per month