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

Thief River Falls, MN Housing Affordability Index

Thief River Falls, Minnesota has an MBR Housing Affordability Index score of 128.2 (Highly Affordable) as of October 30, 2026, ranking 417th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $175,400 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $959, or 16% of the city’s $71,144 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Thief River Falls 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.

Thief River Falls MBR-HAI 128.2 Highly Affordable
Rank in Minnesota 417 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 $175,400 U.S. Census Bureau

Thief River Falls is 30.7 points above the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Thief River Falls Mortgage Rates

What It Takes to Buy in Thief River Falls

$959/mo
Principal & Interest
Median home, 20% down, 7.27%
$41,100
Income Needed
To keep the payment at 28% of income
$71,144
Median Household Income
Minnesota: $89,062
2.5x
Price-to-Income Ratio
Minnesota: 3.7x
$1,078/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,386/yr
Median Property Tax
1.36% of median value
19.4%
Owner Cost Burden
Owners spending 30%+ of income on housing
35.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

How Thief River Falls Ranks in Minnesota

Powered byMonitorBankRates

Cite the Thief River Falls Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Thief River Falls, Minnesota score: 128.2 (Highly Affordable), ranked 417 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/thief-river-falls”