Woodbury, Minnesota Housing Market Prices
Woodbury Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 164% above the Minnesota median$624,998
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Median rent 49% above the Minnesota median$1,907
Housing Market Overview
| Metric | Woodbury | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $624,998 | $236,718 | $248,835 |
| Price Trend (Annual %) | 22.1% | 6.6% | 7.5% |
| Median Gross Rent | $1,907 | $1,280 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 4.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Woodbury is about 164% higher than in Minnesota. Rent is about 49% higher than the Minnesota average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Woodbury, up about 22.1% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Woodbury rose about 40.5% between 2015 and 2024, from $1,357 to $1,907. Over the same span, rent in Minnesota rose about 51.1%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Woodbury.
Buying the median-priced home in Woodbury costs roughly 27.3 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Woodbury. The price-to-rent ratio in Minnesota is about 15.4.
| Metric | Woodbury | Minnesota Avg | US Average |
|---|---|---|---|
| Median Home Price | $624,998 | $236,718 | $248,835 |
| Median Household Income | $125,468 | $89,852 | $80,455 |
| Price-to-Income Ratio | 5.0 | 2.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Woodbury rose about 410.7%, while median household income rose about 34.8% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Woodbury | Minnesota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 75.9% | 65.5% | 58.5% |
| Rental Rate | 21.9% | 25.2% | 31.2% |
| Vacancy Rate | 2.3% | 9.3% | 10.2% |
| Median Tenure (years) | 13.0 | 15.0 | 15.0 |
| Median Year Moved In | 2013 | 2011 | 2011 |
Woodbury has a homeownership rate of 75.9%, higher than the Minnesota average of 65.5%. Its housing vacancy rate is 2.3%, compared with 9.3% in Minnesota.
Housing Stock
| Metric | Woodbury | Minnesota Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.66 people | 2.43 people | 2.53 people |
| Median Structure Built Year | 1998 | 1976 | 1978 |
| Median Number of Rooms | 7.0 | 6.1 | 5.5 |
The typical housing unit in Woodbury was built around 1998. On average, 2.7 people live in a home with about 7.0 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Woodbury, Minnesota.
What is the median home price in Woodbury, Minnesota?
The median home price in Woodbury, Minnesota is $624,998, higher than the Minnesota average of $236,718.
What is the average home price in Woodbury, Minnesota?
The typical home price in Woodbury, Minnesota, reported as the median sale price, is $624,998. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Woodbury, Minnesota?
The median gross rent in Woodbury, Minnesota is $1,907 per month, higher than the Minnesota average of $1,280.
What was the median gross rent in Woodbury in 2020?
In 2020, the median gross rent in Woodbury, Minnesota was $1,503 per month.
What is the price-to-rent ratio in Woodbury, Minnesota?
The price-to-rent ratio in Woodbury, Minnesota is about 27.3, meaning it would take roughly 27.3 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Woodbury.
Are home prices or rent rising faster in Woodbury, Minnesota?
Both home prices and rent are rising in Woodbury, up about 22.1% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Woodbury, Minnesota?
75.9% of households in Woodbury, Minnesota own their home, higher than the Minnesota average of 65.5%.
What is the vacancy rate in Woodbury, Minnesota?
The housing vacancy rate in Woodbury, Minnesota is 2.3%, lower than the Minnesota average of 9.3%.
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