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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

Oak Park Heights, MN Housing Affordability Index

Oak Park Heights, Minnesota has an MBR Housing Affordability Index score of 84.9 (Moderately Less Affordable) as of October 30, 2026, ranking 780th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $354,800 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $1,939, or 28% of the city’s $82,476 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Oak Park Heights 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.

Oak Park Heights MBR-HAI 84.9 Moderately Less Affordable
Rank in Minnesota 780 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 $354,800 U.S. Census Bureau

Oak Park Heights is 12.6 points below the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Oak Park Heights Mortgage Rates

What It Takes to Buy in Oak Park Heights

$1,939/mo
Principal & Interest
Median home, 20% down, 7.27%
$83,100
Income Needed
To keep the payment at 28% of income
$82,476
Median Household Income
Minnesota: $89,062
4.3x
Price-to-Income Ratio
Minnesota: 3.7x
$1,721/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,721/yr
Median Property Tax
1.05% of median value
28.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
55.7%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

How Oak Park Heights Ranks in Minnesota

Cities with similar scores
#777Baxter85.4 #778Grant85.3 #779Emily85.2
#780Oak Park Heights84.9
#781Gem Lake84.8 #782Lilydale84.7 #783Askov84.5
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Cite the Oak Park Heights Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Oak Park Heights, Minnesota score: 84.9 (Moderately Less Affordable), ranked 780 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/oak-park-heights”