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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

Bal Harbour, FL Housing Affordability Index

Bal Harbour, Florida has an MBR Housing Affordability Index score of 52.6 (Significantly Less Affordable) as of October 30, 2026, ranking 479th most affordable of 479 scored Florida cities, compared with 92.5 statewide and 97.4 nationally. On a median-priced $1,823,500 home with 20% down, a jumbo loan at 7.39% means a monthly principal and interest payment of about $10,090, or 150% of the city’s $80,806 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Bal Harbour is updated every night from live Florida 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.

Bal Harbour MBR-HAI 52.6 Significantly Less Affordable
Rank in Florida 479 of 479 1 = most affordable
Florida 92.5 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.14% Florida lenders
Median home value $1,823,500 U.S. Census Bureau

Bal Harbour is 39.9 points below the Florida score. Scores as of October 30, 2026. See the Florida index

View Bal Harbour Mortgage Rates

What It Takes to Buy in Bal Harbour

$10,090/mo
Principal & Interest
Median home, 20% down, 7.39% jumbo
$432,400
Income Needed
To keep the payment at 28% of income
$80,806
Median Household Income
Florida: $74,568
22.6x
Price-to-Income Ratio
Florida: 4.8x
$4,019/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,993/yr
Median Property Tax
Florida figure
54.8%
Owner Cost Burden
Owners spending 30%+ of income on housing
69.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Bal Harbour, Florida. The rate is the Florida average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state. A 20% down loan on the median home here is above the $832,750 conforming limit, so the index adds 0.25% for jumbo pricing.

How Bal Harbour Ranks in Florida

Cities with similar scores
#476Madeira Beach63.4 #477Miami62.2 #478Anna Maria53.4
#479Bal Harbour52.6
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Cite the Bal Harbour Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Bal Harbour, Florida score: 52.6 (Significantly Less Affordable), ranked 479 of 479 Florida cities. monitorbankrates.com/housing-affordability-index/florida/bal-harbour”