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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

Watkins, MN Housing Affordability Index

Watkins, Minnesota has an MBR Housing Affordability Index score of 136.8 (Highly Affordable) as of October 30, 2026, ranking 356th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $149,100 home with 20% down, the Minnesota average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $815, or 15% of the city’s $64,896 median household income.

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

Watkins MBR-HAI 136.8 Highly Affordable
Rank in Minnesota 356 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 $149,100 U.S. Census Bureau

Watkins is 39.4 points above the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Watkins Mortgage Rates

What It Takes to Buy in Watkins

$815/mo
Principal & Interest
Median home, 20% down, 7.27%
$34,900
Income Needed
To keep the payment at 28% of income
$64,896
Median Household Income
Minnesota: $89,062
2.3x
Price-to-Income Ratio
Minnesota: 3.7x
$1,145/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,807/yr
Median Property Tax
1.21% of median value
15.3%
Owner Cost Burden
Owners spending 30%+ of income on housing
37.5%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Watkins Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Watkins, Minnesota score: 136.8 (Highly Affordable), ranked 356 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/watkins”