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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

Cass Lake, MN Housing Affordability Index

Cass Lake, Minnesota has an MBR Housing Affordability Index score of 149.6 (Highly Affordable) as of October 30, 2026, ranking 283rd most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $109,900 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $601, or 15% of the city’s $48,250 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Cass Lake 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.

Cass Lake MBR-HAI 149.6 Highly Affordable
Rank in Minnesota 283 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 $109,900 U.S. Census Bureau

Cass Lake is 52.1 points above the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Cass Lake Mortgage Rates

What It Takes to Buy in Cass Lake

$601/mo
Principal & Interest
Median home, 20% down, 7.27%
$25,700
Income Needed
To keep the payment at 28% of income
$48,250
Median Household Income
Minnesota: $89,062
2.3x
Price-to-Income Ratio
Minnesota: 3.7x
$736/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,317/yr
Median Property Tax
1.20% of median value
12.0%
Owner Cost Burden
Owners spending 30%+ of income on housing
27.8%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Cass Lake Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Cass Lake, Minnesota score: 149.6 (Highly Affordable), ranked 283 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/cass-lake”