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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

Lake Lillian, MN Housing Affordability Index

Lake Lillian, Minnesota has an MBR Housing Affordability Index score of 153.4 (Highly Affordable) as of October 30, 2026, ranking 256th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $114,200 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $624, or 12% of the city’s $60,250 median household income.

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

Lake Lillian MBR-HAI 153.4 Highly Affordable
Rank in Minnesota 256 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 $114,200 U.S. Census Bureau

Lake Lillian is 56.0 points above the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Lake Lillian Mortgage Rates

What It Takes to Buy in Lake Lillian

$624/mo
Principal & Interest
Median home, 20% down, 7.27%
$26,800
Income Needed
To keep the payment at 28% of income
$60,250
Median Household Income
Minnesota: $89,062
1.9x
Price-to-Income Ratio
Minnesota: 3.7x
$842/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,750/yr
Median Property Tax
1.53% of median value
37.1%
Owner Cost Burden
Owners spending 30%+ of income on housing
28.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

How Lake Lillian Ranks in Minnesota

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Cite the Lake Lillian Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Lake Lillian, Minnesota score: 153.4 (Highly Affordable), ranked 256 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/lake-lillian”