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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

Milroy, IN Housing Affordability Index

Milroy, Indiana has an MBR Housing Affordability Index score of 215.9 (Highly Affordable) as of October 30, 2026, ranking 85th most affordable of 621 scored Indiana cities, compared with 123.6 statewide and 97.4 nationally. On a median-priced $132,100 home with 20% down, the Indiana average 30-year fixed rate of 7.41% means a monthly principal and interest payment of about $732, or 11% of the city’s $83,164 median household income.

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

Milroy MBR-HAI 215.9 Highly Affordable
Rank in Indiana 85 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 $132,100 U.S. Census Bureau

Milroy is 92.3 points above the Indiana score. Scores as of October 30, 2026. See the Indiana index

View Milroy Mortgage Rates

What It Takes to Buy in Milroy

$732/mo
Principal & Interest
Median home, 20% down, 7.41%
$31,400
Income Needed
To keep the payment at 28% of income
$83,164
Median Household Income
Indiana: $71,957
1.6x
Price-to-Income Ratio
Indiana: 3.0x
$909/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$540/yr
Median Property Tax
0.41% of median value
18.1%
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 Milroy, Indiana. The rate is the Indiana average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Milroy Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Milroy, Indiana score: 215.9 (Highly Affordable), ranked 85 of 621 Indiana cities. monitorbankrates.com/housing-affordability-index/indiana/milroy”