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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

Excelsior, MN Housing Affordability Index

Excelsior, Minnesota has an MBR Housing Affordability Index score of 67.4 (Significantly Less Affordable) as of October 30, 2026, ranking 807th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $909,200 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $4,970, or 58% of the city’s $103,068 median household income.

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

Excelsior MBR-HAI 67.4 Significantly Less Affordable
Rank in Minnesota 807 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 $909,200 U.S. Census Bureau

Excelsior is 30.0 points below the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Excelsior Mortgage Rates

What It Takes to Buy in Excelsior

$4,970/mo
Principal & Interest
Median home, 20% down, 7.27%
$213,000
Income Needed
To keep the payment at 28% of income
$103,068
Median Household Income
Minnesota: $89,062
8.8x
Price-to-Income Ratio
Minnesota: 3.7x
$2,813/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,290/yr
Median Property Tax
Minnesota figure
17.0%
Owner Cost Burden
Owners spending 30%+ of income on housing
39.4%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

How Excelsior Ranks in Minnesota

Least affordable in Minnesota
#805Osage68.7 #806Walker68.3
#807Excelsior67.4
#808Wayzata63.7 #809Spring Park52.9
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Cite the Excelsior Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Excelsior, Minnesota score: 67.4 (Significantly Less Affordable), ranked 807 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/excelsior”