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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

Elizabeth, MN Housing Affordability Index

Elizabeth, Minnesota has an MBR Housing Affordability Index score of 175.6 (Highly Affordable) as of October 30, 2026, ranking 149th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $117,500 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $642, or 12% of the city’s $63,333 median household income.

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

Elizabeth MBR-HAI 175.6 Highly Affordable
Rank in Minnesota 149 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 $117,500 U.S. Census Bureau

Elizabeth is 78.1 points above the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Elizabeth Mortgage Rates

What It Takes to Buy in Elizabeth

$642/mo
Principal & Interest
Median home, 20% down, 7.27%
$27,500
Income Needed
To keep the payment at 28% of income
$63,333
Median Household Income
Minnesota: $89,062
1.9x
Price-to-Income Ratio
Minnesota: 3.7x
$790/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,464/yr
Median Property Tax
1.25% of median value
13.0%
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 Elizabeth, Minnesota. The rate is the Minnesota average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Elizabeth Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Elizabeth, Minnesota score: 175.6 (Highly Affordable), ranked 149 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/elizabeth”