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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Myrtlewood, AL Housing Affordability Index

Myrtlewood, Alabama has an MBR Housing Affordability Index score of 348.9 (Highly Affordable) as of October 30, 2026, ranking 2nd most affordable of 446 scored Alabama cities, compared with 134.1 statewide and 97.4 nationally. On a median-priced $68,500 home with 20% down, the Alabama average 30-year fixed rate of 7.19% means a monthly principal and interest payment of about $372, or 5% of the city’s $95,469 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Myrtlewood is updated every night from live Alabama mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Myrtlewood MBR-HAI 348.9 Highly Affordable
Rank in Alabama 2 of 446 1 = most affordable
Alabama 134.1 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.19% Alabama lenders
Median home value $68,500 U.S. Census Bureau

Myrtlewood is 214.8 points above the Alabama score. Scores as of October 30, 2026. See the Alabama index

View Myrtlewood Mortgage Rates

What It Takes to Buy in Myrtlewood

$372/mo
Principal & Interest
Median home, 20% down, 7.19%
$15,900
Income Needed
To keep the payment at 28% of income
$95,469
Median Household Income
Alabama: $63,999
0.7x
Price-to-Income Ratio
Alabama: 3.3x
$558/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$918/yr
Median Property Tax
Alabama figure
26.7%
Owner Cost Burden
Owners spending 30%+ of income on housing
41.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Myrtlewood, Alabama. The rate is the Alabama average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

How Myrtlewood Ranks in Alabama

Cities with similar scores
#1Goldville352.7
#2Myrtlewood348.9
#3Flomaton343.8 #4Brilliant341.1 #5Heath320.7
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Cite the Myrtlewood Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Myrtlewood, Alabama score: 348.9 (Highly Affordable), ranked 2 of 446 Alabama cities. monitorbankrates.com/housing-affordability-index/alabama/myrtlewood”