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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

Elkhorn City, KY Housing Affordability Index

Elkhorn City, Kentucky has an MBR Housing Affordability Index score of 148.1 (Highly Affordable) as of October 30, 2026, ranking 130th most affordable of 431 scored Kentucky cities, compared with 120.8 statewide and 97.4 nationally. On a median-priced $116,700 home with 20% down, the Kentucky average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $638, or 17% of the city’s $44,000 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Elkhorn City is updated every night from live Kentucky 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.

Elkhorn City MBR-HAI 148.1 Highly Affordable
Rank in Kentucky 130 of 431 1 = most affordable
Kentucky 120.8 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.27% Kentucky lenders
Median home value $116,700 U.S. Census Bureau

Elkhorn City is 27.3 points above the Kentucky score. Scores as of October 30, 2026. See the Kentucky index

View Elkhorn City Mortgage Rates

What It Takes to Buy in Elkhorn City

$638/mo
Principal & Interest
Median home, 20% down, 7.27%
$27,300
Income Needed
To keep the payment at 28% of income
$44,000
Median Household Income
Kentucky: $63,726
2.7x
Price-to-Income Ratio
Kentucky: 3.2x
$533/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,031/yr
Median Property Tax
0.88% of median value
27.2%
Owner Cost Burden
Owners spending 30%+ of income on housing
22.4%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Elkhorn City Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Elkhorn City, Kentucky score: 148.1 (Highly Affordable), ranked 130 of 431 Kentucky cities. monitorbankrates.com/housing-affordability-index/kentucky/elkhorn-city”