There are currently 1,593 real estate properties in Wood Village, OR, with a median automated valuation model (AVM) price of $326,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wood Village, OR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Wood Village, OR, is $354,307.00, with the most expensive house in Wood Village, OR, topping out at $2,778,300.00 and the cheapest home in Wood Village, OR, clocking in at $54,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Wood Village, OR!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wood Village, OR, is on a rollercoaster ride. The average rent price in Wood Village, OR, is $1,278.00. Indeed, when looking to rent in Wood Village, OR, you can expect to pay as little as $800.00 or as much as $2,610.00, with the average rent median estimated to be $1,260.00. The good news is that finding an affordable and desirable property to rent in Wood Village, OR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Wood Village is located in Multnomah, Oregon, with an estimated municipal population of 4,093 residents. All of the best foreclosed homes for sale in Wood Village are located in the following zip code areas on Foreclosure.com: 97060. The estimated population per square kilometer (.62 miles) in Wood Village is 1,677.
So, about how much do homes cost in Wood Village? The most recent median value of resident-owned homes in Wood Village is 123,013. An estimated 68.1 percent of households in Wood Village own their homes, with an average family size of 3.81. The median household income in Wood Village is 56,905, with16.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Wood Village, the median commute time of resident workers (in minutes) is 26.7. And last, but certainly not least, are you looking for homes to rent in Wood Village? If so, the average rent price paid by renters in Wood Village is 1,210, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Wood Village, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Wood Village is 31.3, split between 51.7 percent male versus 48.3 female. The percentage of residents who report being married in Wood Village is 36.3, with an average family size of 3.81.
The percentage of residents who report their race in Wood Village is as follows:
| White | 75.4% |
| Black / African American | 1.1% |
| Asian | 3.6% |
| American Indian / Alaskan Native | 0.4% |
| Native Hawaiian / Other Pacifc Islander | 3.3% |
| Multi-racial | 6.4% |
| Other | 9.9% |
Looking for family-friendly neighborhoods in and/or near Wood Village? Or maybe you are searching for 55+ active adult communities in and/or near Wood Village?
The percentage of residents who report their age in Wood Village is as follows:
| Under 10 | 22.2% |
| Aged 10-19 | 12.1% |
| 20s | 12.3% |
| 30s | 18.8% |
| 40s | 18.9% |
| 50s | 6.6% |
| 60s | 4.9% |
| 70s | 2.8% |
| 80+ | 1.3% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Wood Village with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Wood Village.
How do you know that living in -- or moving to -- Wood Village is right where you need to be? Perhaps you grew up in Wood Village or already live nearby; therefore, the decision to buy a home in Wood Village is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Wood Village for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Wood Village:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Wood Village.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Wood Village can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Wood Village, meanwhile, can field multiple offers from more qualified buyers.
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