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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

Madison Lake, MN Housing Affordability Index

Madison Lake, Minnesota has an MBR Housing Affordability Index score of 96.9 (Near National Average) as of October 30, 2026, ranking 698th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $303,100 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $1,657, or 23% of the city’s $87,727 median household income.

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

Madison Lake MBR-HAI 96.9 Near National Average
Rank in Minnesota 698 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 $303,100 U.S. Census Bureau

Madison Lake is 0.6 points below the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Madison Lake Mortgage Rates

What It Takes to Buy in Madison Lake

$1,657/mo
Principal & Interest
Median home, 20% down, 7.27%
$71,000
Income Needed
To keep the payment at 28% of income
$87,727
Median Household Income
Minnesota: $89,062
3.5x
Price-to-Income Ratio
Minnesota: 3.7x
$1,713/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,882/yr
Median Property Tax
1.28% of median value
24.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
47.8%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Madison Lake Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Madison Lake, Minnesota score: 96.9 (Near National Average), ranked 698 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/madison-lake”