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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

Cutler Bay, FL Housing Affordability Index

Cutler Bay, Florida has an MBR Housing Affordability Index score of 81.9 (Moderately Less Affordable) as of October 30, 2026, ranking 398th most affordable of 479 scored Florida cities, compared with 92.5 statewide and 97.4 nationally. On a median-priced $472,700 home with 20% down, the Florida average 30-year fixed rate of 7.14% means a monthly principal and interest payment of about $2,552, or 34% of the city’s $89,244 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Cutler Bay 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.

Cutler Bay MBR-HAI 81.9 Moderately Less Affordable
Rank in Florida 398 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 $472,700 U.S. Census Bureau

Cutler Bay is 10.7 points below the Florida score. Scores as of October 30, 2026. See the Florida index

View Cutler Bay Mortgage Rates

What It Takes to Buy in Cutler Bay

$2,552/mo
Principal & Interest
Median home, 20% down, 7.14%
$109,400
Income Needed
To keep the payment at 28% of income
$89,244
Median Household Income
Florida: $74,568
5.3x
Price-to-Income Ratio
Florida: 4.8x
$2,143/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$4,517/yr
Median Property Tax
0.96% of median value
48.7%
Owner Cost Burden
Owners spending 30%+ of income on housing
61.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Cutler Bay Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Cutler Bay, Florida score: 81.9 (Moderately Less Affordable), ranked 398 of 479 Florida cities. monitorbankrates.com/housing-affordability-index/florida/cutler-bay”