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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

Mountain Lake, MN Housing Affordability Index

Mountain Lake, Minnesota has an MBR Housing Affordability Index score of 145.5 (Highly Affordable) as of October 30, 2026, ranking 302nd most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $143,100 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $782, or 14% of the city’s $66,490 median household income.

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

Mountain Lake MBR-HAI 145.5 Highly Affordable
Rank in Minnesota 302 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 $143,100 U.S. Census Bureau

Mountain Lake is 48.0 points above the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Mountain Lake Mortgage Rates

What It Takes to Buy in Mountain Lake

$782/mo
Principal & Interest
Median home, 20% down, 7.27%
$33,500
Income Needed
To keep the payment at 28% of income
$66,490
Median Household Income
Minnesota: $89,062
2.2x
Price-to-Income Ratio
Minnesota: 3.7x
$995/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,984/yr
Median Property Tax
1.39% of median value
17.1%
Owner Cost Burden
Owners spending 30%+ of income on housing
23.8%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

How Mountain Lake Ranks in Minnesota

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Cite the Mountain Lake Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Mountain Lake, Minnesota score: 145.5 (Highly Affordable), ranked 302 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/mountain-lake”