MonitorBankRates
☰
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

Thayer, IA Housing Affordability Index

Thayer, Iowa has an MBR Housing Affordability Index score of 460.7 (Highly Affordable) as of October 30, 2026, ranking 6th most affordable of 891 scored Iowa cities, compared with 126.4 statewide and 97.4 nationally. On a median-priced $25,800 home with 20% down, the Iowa average 30-year fixed rate of 7.17% means a monthly principal and interest payment of about $140, or 3% of the city’s $55,000 median household income.

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

Thayer MBR-HAI 460.7 Highly Affordable
Rank in Iowa 6 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 $25,800 U.S. Census Bureau

Thayer is 334.3 points above the Iowa score. Scores as of October 30, 2026. See the Iowa index

View Thayer Mortgage Rates

What It Takes to Buy in Thayer

$140/mo
Principal & Interest
Median home, 20% down, 7.17%
$6,000
Income Needed
To keep the payment at 28% of income
$55,000
Median Household Income
Iowa: $75,059
0.5x
Price-to-Income Ratio
Iowa: 2.8x
$367/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,726/yr
Median Property Tax
Iowa figure
20.3%
Owner Cost Burden
Owners spending 30%+ of income on housing
39.8%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Thayer Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Thayer, Iowa score: 460.7 (Highly Affordable), ranked 6 of 891 Iowa cities. monitorbankrates.com/housing-affordability-index/iowa/thayer”