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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

Eagle Lake, MN Housing Affordability Index

Eagle Lake, Minnesota has an MBR Housing Affordability Index score of 117.4 (More Affordable Than Average) as of October 30, 2026, ranking 491st most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $276,500 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $1,511, or 19% of the city’s $96,964 median household income.

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

Eagle Lake MBR-HAI 117.4 More Affordable Than Average
Rank in Minnesota 491 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 $276,500 U.S. Census Bureau

Eagle Lake is 20.0 points above the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Eagle Lake Mortgage Rates

What It Takes to Buy in Eagle Lake

$1,511/mo
Principal & Interest
Median home, 20% down, 7.27%
$64,800
Income Needed
To keep the payment at 28% of income
$96,964
Median Household Income
Minnesota: $89,062
2.9x
Price-to-Income Ratio
Minnesota: 3.7x
$1,421/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,670/yr
Median Property Tax
0.97% of median value
21.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
33.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Eagle Lake Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Eagle Lake, Minnesota score: 117.4 (More Affordable Than Average), ranked 491 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/eagle-lake”