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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

Arcola, IL Housing Affordability Index

Arcola, Illinois has an MBR Housing Affordability Index score of 210.7 (Highly Affordable) as of October 30, 2026, ranking 193rd most affordable of 1,249 scored Illinois cities, compared with 102.2 statewide and 97.4 nationally. On a median-priced $124,100 home with 20% down, the Illinois average 30-year fixed rate of 7.31% means a monthly principal and interest payment of about $682, or 9% of the city’s $89,827 median household income.

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

Arcola MBR-HAI 210.7 Highly Affordable
Rank in Illinois 193 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 $124,100 U.S. Census Bureau

Arcola is 108.5 points above the Illinois score. Scores as of October 30, 2026. See the Illinois index

View Arcola Mortgage Rates

What It Takes to Buy in Arcola

$682/mo
Principal & Interest
Median home, 20% down, 7.31%
$29,200
Income Needed
To keep the payment at 28% of income
$89,827
Median Household Income
Illinois: $83,390
1.4x
Price-to-Income Ratio
Illinois: 3.2x
$952/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,638/yr
Median Property Tax
2.13% of median value
5.1%
Owner Cost Burden
Owners spending 30%+ of income on housing
33.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Arcola Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Arcola, Illinois score: 210.7 (Highly Affordable), ranked 193 of 1,249 Illinois cities. monitorbankrates.com/housing-affordability-index/illinois/arcola”