Compare Woodbury, MN mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Woodbury.
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May 24, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Woodbury. Understand how much you need to earn to afford a home in Woodbury, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Woodbury fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Woodbury is right for you.
The median home value for Woodbury, MN (Washington County) is $384,067
Based on current mortgage rates and a 10% down payment, you need to make $62,928 per year to buy the median priced home in Woodbury
With this income, you could qualify for a $345,661 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Woodbury is $1,457
The median household income for Woodbury, MN (Washington County) is $108,731
Based on this income, you can afford a home valued at approximately $663,620
The home price you can afford to buy based on household income in Woodbury is 173% of the median home value which means housing prices are average. Woodbury (Washington County) ranks 72 out of 87 counties in Minnesota and 2,253 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Woodbury, MN is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Woodbury (Washington County) below.
Conforming loan limits for Woodbury, MN
FHA loan limits for Woodbury, MN
VA loan limits for Woodbury, MN