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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

Medicine Lake, MN Housing Affordability Index

Medicine Lake, Minnesota has an MBR Housing Affordability Index score of 85.9 (Moderately Less Affordable) as of October 30, 2026, ranking 774th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $1,083,300 home with 20% down, a jumbo loan at 7.52% means a monthly principal and interest payment of about $6,069, or 40% of the city’s $183,750 median household income.

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

Medicine Lake MBR-HAI 85.9 Moderately Less Affordable
Rank in Minnesota 774 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 $1,083,300 U.S. Census Bureau

Medicine Lake is 11.5 points below the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Medicine Lake Mortgage Rates

What It Takes to Buy in Medicine Lake

$6,069/mo
Principal & Interest
Median home, 20% down, 7.52% jumbo
$260,100
Income Needed
To keep the payment at 28% of income
$183,750
Median Household Income
Minnesota: $89,062
5.9x
Price-to-Income Ratio
Minnesota: 3.7x
$3,000/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,290/yr
Median Property Tax
Minnesota figure
23.0%
Owner Cost Burden
Owners spending 30%+ of income on housing
18.2%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Medicine Lake, Minnesota. The rate is the Minnesota average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state. A 20% down loan on the median home here is above the $832,750 conforming limit, so the index adds 0.25% for jumbo pricing.

How Medicine Lake Ranks in Minnesota

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Cite the Medicine Lake Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Medicine Lake, Minnesota score: 85.9 (Moderately Less Affordable), ranked 774 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/medicine-lake”