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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

Stephen, MN Housing Affordability Index

Stephen, Minnesota has an MBR Housing Affordability Index score of 222.1 (Highly Affordable) as of October 30, 2026, ranking 58th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $87,500 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $478, or 8% of the city’s $71,250 median household income.

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

Stephen MBR-HAI 222.1 Highly Affordable
Rank in Minnesota 58 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 $87,500 U.S. Census Bureau

Stephen is 124.7 points above the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Stephen Mortgage Rates

What It Takes to Buy in Stephen

$478/mo
Principal & Interest
Median home, 20% down, 7.27%
$20,500
Income Needed
To keep the payment at 28% of income
$71,250
Median Household Income
Minnesota: $89,062
1.2x
Price-to-Income Ratio
Minnesota: 3.7x
$644/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,000/yr
Median Property Tax
1.14% of median value
35.2%
Owner Cost Burden
Owners spending 30%+ of income on housing
38.5%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Stephen Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Stephen, Minnesota score: 222.1 (Highly Affordable), ranked 58 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/stephen”