Lake Shore, MN Housing Affordability Index
Lake Shore, Minnesota has an MBR Housing Affordability Index score of 81.7 (Moderately Less Affordable) as of October 30, 2026, ranking 790th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $513,200 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $2,805, or 35% of the city’s $96,563 median household income.
The MBR Housing Affordability Index (MBR-HAI) for Lake Shore 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 Shore is 15.8 points below the Minnesota score. Scores as of October 30, 2026. See the Minnesota index
View Lake Shore Mortgage RatesSee What You Can Afford in Lake Shore, Minnesota
Use this Lake Shore, Minnesota home affordability calculator to see how much house you can afford at today’s Minnesota average 30-year mortgage rate of 7.27%. A household earning the Lake Shore median income of $96,563, with no other debts and $103,000 down, can afford a home of about $376,709, compared with a median home value of $513,200. Buying the median priced home with 20% down takes a household income of about $142,600 once property tax and insurance are counted.
| Loan amount | $273,709 |
| Principal & interest | $1,870/mo |
| Property tax | $226/mo |
| Home insurance | $157/mo |
| PMI | $0/mo |
| Total monthly payment | $2,253/mo |
How much house can you afford in Lake Shore?
Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.
In Lake Shore, property taxes run about 0.72% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $5,819 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.
What It Takes to Buy in Lake Shore
Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Lake Shore, Minnesota. The rate is the Minnesota average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.
How Lake Shore Ranks in Minnesota
Cite the Lake Shore Score
Explore Further
Scores update each morning, computed from rate data captured the previous night. Score of 100 = national average at a 6.5% reference rate.
