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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

Charlotte, IA Housing Affordability Index

Charlotte, Iowa has an MBR Housing Affordability Index score of 182.6 (Highly Affordable) as of October 30, 2026, ranking 369th most affordable of 891 scored Iowa cities, compared with 126.4 statewide and 97.4 nationally. On a median-priced $101,500 home with 20% down, the Iowa average 30-year fixed rate of 7.17% means a monthly principal and interest payment of about $550, or 11% of the city’s $61,711 median household income.

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

Charlotte MBR-HAI 182.6 Highly Affordable
Rank in Iowa 369 of 891 1 = most affordable
Iowa 126.4 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.17% Iowa lenders
Median home value $101,500 U.S. Census Bureau

Charlotte is 56.2 points above the Iowa score. Scores as of October 30, 2026. See the Iowa index

View Charlotte Mortgage Rates

What It Takes to Buy in Charlotte

$550/mo
Principal & Interest
Median home, 20% down, 7.17%
$23,600
Income Needed
To keep the payment at 28% of income
$61,711
Median Household Income
Iowa: $75,059
1.6x
Price-to-Income Ratio
Iowa: 2.8x
$876/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,359/yr
Median Property Tax
1.34% of median value
13.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
55.3%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Charlotte Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Charlotte, Iowa score: 182.6 (Highly Affordable), ranked 369 of 891 Iowa cities. monitorbankrates.com/housing-affordability-index/iowa/charlotte”