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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

Belle Plaine, MN Housing Affordability Index

Belle Plaine, Minnesota has an MBR Housing Affordability Index score of 100.4 (Near National Average) as of October 30, 2026, ranking 653rd most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $318,200 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $1,739, or 21% of the city’s $99,315 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Belle Plaine is updated every night from live Minnesota 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.

Belle Plaine MBR-HAI 100.4 Near National Average
Rank in Minnesota 653 of 809 1 = most affordable
Minnesota 97.5 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.27% Minnesota lenders
Median home value $318,200 U.S. Census Bureau

Belle Plaine is 3.0 points above the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Belle Plaine Mortgage Rates

What It Takes to Buy in Belle Plaine

$1,739/mo
Principal & Interest
Median home, 20% down, 7.27%
$74,500
Income Needed
To keep the payment at 28% of income
$99,315
Median Household Income
Minnesota: $89,062
3.2x
Price-to-Income Ratio
Minnesota: 3.7x
$1,738/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$4,382/yr
Median Property Tax
1.38% of median value
20.8%
Owner Cost Burden
Owners spending 30%+ of income on housing
80.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Belle Plaine Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Belle Plaine, Minnesota score: 100.4 (Near National Average), ranked 653 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/belle-plaine”