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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

Free Soil, MI Housing Affordability Index

Free Soil, Michigan has an MBR Housing Affordability Index score of 174.8 (Highly Affordable) as of October 30, 2026, ranking 66th most affordable of 629 scored Michigan cities, compared with 108.6 statewide and 97.4 nationally. On a median-priced $115,600 home with 20% down, the Michigan average 30-year fixed rate of 7.31% means a monthly principal and interest payment of about $634, or 13% of the city’s $58,750 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Free Soil is updated every night from live Michigan 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.

Free Soil MBR-HAI 174.8 Highly Affordable
Rank in Michigan 66 of 629 1 = most affordable
Michigan 108.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.31% Michigan lenders
Median home value $115,600 U.S. Census Bureau

Free Soil is 66.1 points above the Michigan score. Scores as of October 30, 2026. See the Michigan index

View Free Soil Mortgage Rates

What It Takes to Buy in Free Soil

$634/mo
Principal & Interest
Median home, 20% down, 7.31%
$27,200
Income Needed
To keep the payment at 28% of income
$58,750
Median Household Income
Michigan: $72,875
2.0x
Price-to-Income Ratio
Michigan: 3.2x
$430/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,100/yr
Median Property Tax
0.95% of median value
18.8%
Owner Cost Burden
Owners spending 30%+ of income on housing
42.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Free Soil Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Free Soil, Michigan score: 174.8 (Highly Affordable), ranked 66 of 629 Michigan cities. monitorbankrates.com/housing-affordability-index/michigan/free-soil”