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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

Albany, IL Housing Affordability Index

Albany, Illinois has an MBR Housing Affordability Index score of 130.1 (Highly Affordable) as of October 30, 2026, ranking 866th most affordable of 1,249 scored Illinois cities, compared with 102.2 statewide and 97.4 nationally. On a median-priced $148,800 home with 20% down, the Illinois average 30-year fixed rate of 7.31% means a monthly principal and interest payment of about $817, or 16% of the city’s $62,857 median household income.

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

Albany MBR-HAI 130.1 Highly Affordable
Rank in Illinois 866 of 1,249 1 = most affordable
Illinois 102.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.31% Illinois lenders
Median home value $148,800 U.S. Census Bureau

Albany is 28.0 points above the Illinois score. Scores as of October 30, 2026. See the Illinois index

View Albany Mortgage Rates

What It Takes to Buy in Albany

$817/mo
Principal & Interest
Median home, 20% down, 7.31%
$35,000
Income Needed
To keep the payment at 28% of income
$62,857
Median Household Income
Illinois: $83,390
2.4x
Price-to-Income Ratio
Illinois: 3.2x
$776/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,524/yr
Median Property Tax
2.37% of median value
31.4%
Owner Cost Burden
Owners spending 30%+ of income on housing
28.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Albany Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Albany, Illinois score: 130.1 (Highly Affordable), ranked 866 of 1,249 Illinois cities. monitorbankrates.com/housing-affordability-index/illinois/albany”