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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

Hoyt Lakes, MN Housing Affordability Index

Hoyt Lakes, Minnesota has an MBR Housing Affordability Index score of 232.5 (Highly Affordable) as of October 30, 2026, ranking 46th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $93,300 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $510, or 9% of the city’s $65,764 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Hoyt Lakes 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.

Hoyt Lakes MBR-HAI 232.5 Highly Affordable
Rank in Minnesota 46 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 $93,300 U.S. Census Bureau

Hoyt Lakes is 135.0 points above the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Hoyt Lakes Mortgage Rates

What It Takes to Buy in Hoyt Lakes

$510/mo
Principal & Interest
Median home, 20% down, 7.27%
$21,900
Income Needed
To keep the payment at 28% of income
$65,764
Median Household Income
Minnesota: $89,062
1.4x
Price-to-Income Ratio
Minnesota: 3.7x
$653/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$633/yr
Median Property Tax
0.68% of median value
9.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
19.4%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

How Hoyt Lakes Ranks in Minnesota

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Cite the Hoyt Lakes Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Hoyt Lakes, Minnesota score: 232.5 (Highly Affordable), ranked 46 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/hoyt-lakes”