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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

Niles, MI Housing Affordability Index

Niles, Michigan has an MBR Housing Affordability Index score of 127.3 (Highly Affordable) as of October 30, 2026, ranking 306th most affordable of 629 scored Michigan cities, compared with 108.6 statewide and 97.4 nationally. On a median-priced $135,100 home with 20% down, the Michigan average 30-year fixed rate of 7.31% means a monthly principal and interest payment of about $741, or 17% of the city’s $51,376 median household income.

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

Niles MBR-HAI 127.3 Highly Affordable
Rank in Michigan 306 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 $135,100 U.S. Census Bureau

Niles is 18.7 points above the Michigan score. Scores as of October 30, 2026. See the Michigan index

View Niles Mortgage Rates

What It Takes to Buy in Niles

$741/mo
Principal & Interest
Median home, 20% down, 7.31%
$31,800
Income Needed
To keep the payment at 28% of income
$51,376
Median Household Income
Michigan: $72,875
2.6x
Price-to-Income Ratio
Michigan: 3.2x
$775/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,639/yr
Median Property Tax
1.21% of median value
27.0%
Owner Cost Burden
Owners spending 30%+ of income on housing
41.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Niles Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Niles, Michigan score: 127.3 (Highly Affordable), ranked 306 of 629 Michigan cities. monitorbankrates.com/housing-affordability-index/michigan/niles”