Staying near Ubud Market

Hey folks

I am planning to stay near Ubud market in a villa with my family in mid June for 4 days. We will be doing activity in Ubud area mainly. 

We were trying to avoid traffic, will this area ( JL. tirtha tawar and Jl Raya) have a lot of traffic causing us to sit in traffic?

Is it better to find places away from the market? 

What are the pros and cons? Please help me understand.