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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

Balm, FL Housing Affordability Index

Balm, Florida has an MBR Housing Affordability Index score of 124.7 (Highly Affordable) as of October 30, 2026, ranking 94th most affordable of 479 scored Florida cities, compared with 92.5 statewide and 97.4 nationally. On a median-priced $345,300 home with 20% down, the Florida average 30-year fixed rate of 7.14% means a monthly principal and interest payment of about $1,864, or 20% of the city’s $114,659 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Balm 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.

Balm MBR-HAI 124.7 Highly Affordable
Rank in Florida 94 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 $345,300 U.S. Census Bureau

Balm is 32.2 points above the Florida score. Scores as of October 30, 2026. See the Florida index

View Balm Mortgage Rates

See What You Can Afford in Balm, Florida

Use this Balm, Florida home affordability calculator to see how much house you can afford at today’s Florida average 30-year mortgage rate of 7.14%. A household earning the Balm median income of $114,659, with no other debts and $69,000 down, can afford a home of about $383,942, compared with a median home value of $345,300. Buying the median priced home with 20% down takes a household income of about $96,000 once property tax and insurance are counted.

Balm median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Florida average, 30-year fixed
Balm median bill (Census)
Estimate; use your quote
You can afford a home up to
$383,942
At or above the Balm median home value of $345,300
Loan amount$314,942
Principal & interest$2,125/mo
Property tax$259/mo
Home insurance$160/mo
PMI$131/mo
Total monthly payment$2,675/mo
Compare Balm Mortgage Rates

How much house can you afford in Balm?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Balm, property taxes run about 0.81% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $6,342 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Balm

$1,864/mo
Principal & Interest
Median home, 20% down, 7.14%
$79,900
Income Needed
To keep principal and interest at 28% of income
$114,659
Median Household Income
Florida: $74,568
3.0x
Price-to-Income Ratio
Florida: 4.8x
$1,711/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,780/yr
Median Property Tax
0.81% of median value
14.3%
Owner Cost Burden
Owners spending 30%+ of income on housing
46.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Balm Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Balm, Florida score: 124.7 (Highly Affordable), ranked 94 of 479 Florida cities. monitorbankrates.com/housing-affordability-index/florida/balm”