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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

Long Lake, MN Housing Affordability Index

Long Lake, Minnesota has an MBR Housing Affordability Index score of 91.2 (Near National Average) as of October 30, 2026, ranking 746th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $422,600 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $2,310, or 25% of the city’s $109,063 median household income.

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

Long Lake MBR-HAI 91.2 Near National Average
Rank in Minnesota 746 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 $422,600 U.S. Census Bureau

Long Lake is 6.3 points below the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Long Lake Mortgage Rates

What It Takes to Buy in Long Lake

$2,310/mo
Principal & Interest
Median home, 20% down, 7.27%
$99,000
Income Needed
To keep the payment at 28% of income
$109,063
Median Household Income
Minnesota: $89,062
3.9x
Price-to-Income Ratio
Minnesota: 3.7x
$1,789/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$4,421/yr
Median Property Tax
1.05% of median value
25.5%
Owner Cost Burden
Owners spending 30%+ of income on housing
61.5%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Long Lake Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Long Lake, Minnesota score: 91.2 (Near National Average), ranked 746 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/long-lake”