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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

Greene, IA Housing Affordability Index

Greene, Iowa has an MBR Housing Affordability Index score of 147.8 (Highly Affordable) as of October 30, 2026, ranking 633rd most affordable of 891 scored Iowa cities, compared with 126.4 statewide and 97.4 nationally. On a median-priced $120,700 home with 20% down, the Iowa average 30-year fixed rate of 7.17% means a monthly principal and interest payment of about $653, or 14% of the city’s $56,335 median household income.

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

Greene MBR-HAI 147.8 Highly Affordable
Rank in Iowa 633 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 $120,700 U.S. Census Bureau

Greene is 21.4 points above the Iowa score. Scores as of October 30, 2026. See the Iowa index

View Greene Mortgage Rates

See What You Can Afford in Greene, Iowa

Use this Greene, Iowa home affordability calculator to see how much house you can afford at today’s Iowa average 30-year mortgage rate of 7.17%. A household earning the Greene median income of $56,335, with no other debts and $24,000 down, can afford a home of about $156,776, compared with a median home value of $120,700. Buying the median priced home with 20% down takes a household income of about $39,900 once property tax and insurance are counted.

Greene median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Iowa average, 30-year fixed
Greene median bill (Census)
Estimate; use your quote
You can afford a home up to
$156,776
At or above the Greene median home value of $120,700
Loan amount$132,776
Principal & interest$899/mo
Property tax$295/mo
Home insurance$65/mo
PMI$55/mo
Total monthly payment$1,314/mo
Compare Greene Mortgage Rates

How much house can you afford in Greene?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Greene, property taxes run about 2.26% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $2,336 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Greene

$653/mo
Principal & Interest
Median home, 20% down, 7.17%
$28,000
Income Needed
To keep principal and interest at 28% of income
$56,335
Median Household Income
Iowa: $75,059
2.1x
Price-to-Income Ratio
Iowa: 2.8x
$781/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,722/yr
Median Property Tax
2.26% of median value
21.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
29.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Greene Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Greene, Iowa score: 147.8 (Highly Affordable), ranked 633 of 891 Iowa cities. monitorbankrates.com/housing-affordability-index/iowa/greene”