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Woodfin

Learn about the people, housing, costs and businesses in Woodfin, North Carolina

Median Home$413,923
Median Rent$1,424/month
Population8,473
Leading IndustriesArts, Food & Hospitality · Construction · Agriculture & Mining9% arts, food & hospitality
Home Value Growth⬆⬆⬆+26.9% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners63% of occupied units
NotableHighly Educated24% hold a bachelor's degree · top 21% nationally
Woodfin
NC

Frequently Asked Questions

What are today's mortgage rates in Woodfin?

As of today, the 30-year fixed mortgage rate for Woodfin is approximately 6.888% (6.924% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Woodfin?

The median home value in Woodfin is $414k. The median monthly rent is $1,424. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Woodfin?

Home values in Woodfin have increased 26.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Woodfin?

Based on a typical all-in ownership cost of $1,360/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Woodfin is $75k/year.

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What industries drive the economy in Woodfin?

The largest employment sectors in Woodfin are public administration (20%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.