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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

Grand Beach, MI Housing Affordability Index

Grand Beach, Michigan has an MBR Housing Affordability Index score of 66.0 (Significantly Less Affordable) as of October 30, 2026, ranking 629th most affordable of 629 scored Michigan cities, compared with 108.6 statewide and 97.4 nationally. On a median-priced $1,110,300 home with 20% down, a jumbo loan at 7.56% means a monthly principal and interest payment of about $6,244, or 89% of the city’s $83,750 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Grand Beach 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.

Grand Beach MBR-HAI 66.0 Significantly Less Affordable
Rank in Michigan 629 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 $1,110,300 U.S. Census Bureau

Grand Beach is 42.6 points below the Michigan score. Scores as of October 30, 2026. See the Michigan index

View Grand Beach Mortgage Rates

What It Takes to Buy in Grand Beach

$6,244/mo
Principal & Interest
Median home, 20% down, 7.56% jumbo
$267,600
Income Needed
To keep the payment at 28% of income
$83,750
Median Household Income
Michigan: $72,875
13.3x
Price-to-Income Ratio
Michigan: 3.2x
$2,521/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,920/yr
Median Property Tax
Michigan figure
58.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
14.3%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Grand Beach, Michigan. The rate is the Michigan average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state. A 20% down loan on the median home here is above the $832,750 conforming limit, so the index adds 0.25% for jumbo pricing.

How Grand Beach Ranks in Michigan

Cities with similar scores
#626East Lansing70.3 #627South Haven69.9 #628Charlevoix69.1
#629Grand Beach66.0
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Cite the Grand Beach Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Grand Beach, Michigan score: 66.0 (Significantly Less Affordable), ranked 629 of 629 Michigan cities. monitorbankrates.com/housing-affordability-index/michigan/grand-beach”