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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

Charlottesville, IN Housing Affordability Index

Charlottesville, Indiana has an MBR Housing Affordability Index score of 150.4 (Highly Affordable) as of October 30, 2026, ranking 365th most affordable of 621 scored Indiana cities, compared with 123.6 statewide and 97.4 nationally. On a median-priced $212,000 home with 20% down, the Indiana average 30-year fixed rate of 7.41% means a monthly principal and interest payment of about $1,175, or 15% of the city’s $91,912 median household income.

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

Charlottesville MBR-HAI 150.4 Highly Affordable
Rank in Indiana 365 of 621 1 = most affordable
Indiana 123.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.41% Indiana lenders
Median home value $212,000 U.S. Census Bureau

Charlottesville is 26.8 points above the Indiana score. Scores as of October 30, 2026. See the Indiana index

View Charlottesville Mortgage Rates

What It Takes to Buy in Charlottesville

$1,175/mo
Principal & Interest
Median home, 20% down, 7.41%
$50,400
Income Needed
To keep the payment at 28% of income
$91,912
Median Household Income
Indiana: $71,957
2.3x
Price-to-Income Ratio
Indiana: 3.0x
$832/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,692/yr
Median Property Tax
Indiana figure
20.7%
Owner Cost Burden
Owners spending 30%+ of income on housing
44.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Charlottesville Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Charlottesville, Indiana score: 150.4 (Highly Affordable), ranked 365 of 621 Indiana cities. monitorbankrates.com/housing-affordability-index/indiana/charlottesville”