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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

Elgin, AZ Housing Affordability Index

Elgin, Arizona has an MBR Housing Affordability Index score of 114.2 (More Affordable Than Average) as of October 30, 2026, ranking 88th most affordable of 168 scored Arizona cities, compared with 93.6 statewide and 97.4 nationally. On a median-priced $356,800 home with 20% down, the Arizona average 30-year fixed rate of 7.24% means a monthly principal and interest payment of about $1,945, or 26% of the city’s $90,231 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Elgin is updated every night from live Arizona 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.

Elgin MBR-HAI 114.2 More Affordable Than Average
Rank in Arizona 88 of 168 1 = most affordable
Arizona 93.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.24% Arizona lenders
Median home value $356,800 U.S. Census Bureau

Elgin is 20.5 points above the Arizona score. Scores as of October 30, 2026. See the Arizona index

View Elgin Mortgage Rates

What It Takes to Buy in Elgin

$1,945/mo
Principal & Interest
Median home, 20% down, 7.24%
$83,300
Income Needed
To keep the payment at 28% of income
$90,231
Median Household Income
Arizona: $79,964
4.0x
Price-to-Income Ratio
Arizona: 4.9x
$850/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,030/yr
Median Property Tax
Arizona figure
18.2%
Owner Cost Burden
Owners spending 30%+ of income on housing
49.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Elgin Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Elgin, Arizona score: 114.2 (More Affordable Than Average), ranked 88 of 168 Arizona cities. monitorbankrates.com/housing-affordability-index/arizona/elgin”