As housing prices and new restrictions continue to rise in Rutherford County, homebuyers face increasing challenges in finding affordable, high-quality housing. Various factors, such as affordability and quality of life, can influence the decision to choose Woodbury. For families and individuals searching for an alternative that balances affordability, convenience, and quality of life, Woodbury, TN, is emerging as an excellent option. Accurate information is crucial for potential homebuyers considering Woodbury, ensuring they make well-informed choices.
Discover Woodbury’s Charm
Woodbury, Tennessee, is a charming small town located in Cannon County, offering a unique blend of rural charm and suburban convenience. With just over 2,700 residents, Woodbury provides a close-knit community atmosphere, perfect for families and individuals looking for a relaxed pace of life. The town’s historic square, lined with antique shops and restaurants, is a hub of activity, while the surrounding countryside offers plenty of opportunities for outdoor recreation. Whether you’re exploring the local shops or enjoying the scenic beauty, Woodbury’s charm is undeniable.
The Cost Factor
Housing costs in Rutherford County have skyrocketed. As of December 3, 2024, the average sales price for homes in Murfreesboro reached $507,000. For a dual-income household making $90,000 annually, financial constraints account for a significant portion of homebuying decisions. Let’s break it down:
· Monthly mortgage payment for a $507K home: Assuming 5% down and a 6.6% interest rate, the principal and interest payment alone would exceed $3,000 monthly.
· Housing affordability guidelines: Financial experts recommend spending no more than 28% of gross income on housing. A $3,000 mortgage payment for a $90K household income would far exceed that guideline.
· Additional expenses: Many families have car payments. With the average payment for a new car sitting at over $700 per month (source: Bankrate.com), a two-car household could easily add $1,400 or more to monthly expenses.
Understanding the cost of properties in different areas can help buyers make informed decisions.
These numbers paint a clear picture: A family could become “house poor,” stuck dedicating so much of their income to housing and cars that they can’t enjoy other aspects of life.
The Woodbury Advantage
Let’s compare this scenario to buying a home in Woodbury, TN. The average sales price in Woodbury in 2024 is $343,000, a difference of more than $164,000 compared to Murfreesboro. The lower property crime rates in Woodbury also contribute to its appeal. Here’s how this translates for homebuyers:
· Monthly mortgage payment for $343K home: With the same 5% down and a 6.6% interest rate, the principal and interest payment would be approximately $2,000 monthly. Note that real estate listings and property details are subject to change and should be verified.
· Savings: That’s a savings of over $900 per month, freeing up funds for other priorities, like family outings, retirement savings, or simply enjoying life.
Community and Lifestyle
Woodbury’s community is built around a strong sense of family and tradition. The town hosts various events throughout the year, including festivals, parades, and farmers’ markets, which bring residents together and foster a sense of belonging. With a low cost of living and affordable housing options, Woodbury is an attractive choice for families and first-time homebuyers. The town’s proximity to Nashville, just 55 miles away, also makes it an ideal location for commuters who want to balance work and family life. Living in Woodbury means enjoying a supportive community and a lifestyle that values connection and simplicity.
Location and Lifestyle in a Small Town
Beyond affordability, Woodbury offers an attractive location and lifestyle for families:
· Proximity to major cities: Located just 20-25 miles from Murfreesboro and 50 miles from Nashville, Woodbury allows residents to enjoy a small-town atmosphere while remaining connected to job opportunities and amenities in larger cities. The rural charm and close-knit community dynamics of this country setting make it particularly appealing.
· Scenic beauty: Woodbury is nestled in the picturesque rolling hills of Middle Tennessee, providing a peaceful environment with plenty of outdoor recreation opportunities.
· Community appeal: With a strong sense of community and a slower pace of life, Woodbury is ideal for families looking to escape the hustle and bustle of city living. Like the midwest’s lower cost of living areas, Woodbury offers affordability and appeal, making it a desirable location for first-time homebuyers.
Places to Visit and Things to Do
Woodbury and its surrounding areas offer a range of attractions and activities for visitors to enjoy. The Arts Center of Cannon County is a must-visit, featuring theater performances, music events, and fine arts exhibits. The historic square has unique shops, restaurants, and the White Oak Craft & Gift Shop. Outdoor enthusiasts can explore the scenic views of Middle Tennessee, visit the Short Mountain Distillery, or catch a movie at the Moonlight Drive-In. With its rich history, natural beauty, and small-town charm, Woodbury is a hidden gem waiting to be discovered. Whether you’re a resident or a visitor, there’s always something new to experience in this delightful town.
Why Act Now? Making the Right Decision
The rising cost of land and impending restrictions in Rutherford County could drive housing prices even higher, creating more uncertainty for buyers. By choosing Woodbury now, buyers can lock in affordability, enjoy a manageable commute, and avoid the financial strain of being house-poor.
