MonitorBankRates
☰
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

Spring Hill, MN Housing Affordability Index

Spring Hill, Minnesota has an MBR Housing Affordability Index score of 158.1 (Highly Affordable) as of October 30, 2026, ranking 224th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $166,700 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $911, or 12% of the city’s $87,708 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Spring Hill 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.

Spring Hill MBR-HAI 158.1 Highly Affordable
Rank in Minnesota 224 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 $166,700 U.S. Census Bureau

Spring Hill is 60.6 points above the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Spring Hill Mortgage Rates

What It Takes to Buy in Spring Hill

$911/mo
Principal & Interest
Median home, 20% down, 7.27%
$39,100
Income Needed
To keep the payment at 28% of income
$87,708
Median Household Income
Minnesota: $89,062
1.9x
Price-to-Income Ratio
Minnesota: 3.7x
$1,139/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,350/yr
Median Property Tax
0.81% of median value
23.2%
Owner Cost Burden
Owners spending 30%+ of income on housing
44.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

How Spring Hill Ranks in Minnesota

Powered byMonitorBankRates

Cite the Spring Hill Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Spring Hill, Minnesota score: 158.1 (Highly Affordable), ranked 224 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/spring-hill”