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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

Wayzata, MN Housing Affordability Index

Wayzata, Minnesota has an MBR Housing Affordability Index score of 63.7 (Significantly Less Affordable) as of October 30, 2026, ranking 808th most affordable of 809 scored Minnesota cities, compared with 97.5 statewide and 97.4 nationally. On a median-priced $1,153,400 home with 20% down, a jumbo loan at 7.52% means a monthly principal and interest payment of about $6,462, or 59% of the city’s $131,614 median household income.

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

Wayzata MBR-HAI 63.7 Significantly Less Affordable
Rank in Minnesota 808 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 $1,153,400 U.S. Census Bureau

Wayzata is 33.7 points below the Minnesota score. Scores as of October 30, 2026. See the Minnesota index

View Wayzata Mortgage Rates

What It Takes to Buy in Wayzata

$6,462/mo
Principal & Interest
Median home, 20% down, 7.52% jumbo
$276,900
Income Needed
To keep the payment at 28% of income
$131,614
Median Household Income
Minnesota: $89,062
8.8x
Price-to-Income Ratio
Minnesota: 3.7x
$2,854/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,290/yr
Median Property Tax
Minnesota figure
27.2%
Owner Cost Burden
Owners spending 30%+ of income on housing
51.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Wayzata, Minnesota. The rate is the Minnesota average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state. A 20% down loan on the median home here is above the $832,750 conforming limit, so the index adds 0.25% for jumbo pricing.

How Wayzata Ranks in Minnesota

Cities with similar scores
#805Osage68.7 #806Walker68.3 #807Excelsior67.4
#808Wayzata63.7
#809Spring Park52.9
Least affordable in Minnesota
#805Osage68.7 #806Walker68.3 #807Excelsior67.4
#808Wayzata63.7
#809Spring Park52.9
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Cite the Wayzata Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Wayzata, Minnesota score: 63.7 (Significantly Less Affordable), ranked 808 of 809 Minnesota cities. monitorbankrates.com/housing-affordability-index/minnesota/wayzata”