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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

New Albany, MS Housing Affordability Index

New Albany, Mississippi has an MBR Housing Affordability Index score of 127.5 (Highly Affordable) as of October 30, 2026, ranking 202nd most affordable of 285 scored Mississippi cities, compared with 131.1 statewide and 97.4 nationally. On a median-priced $161,400 home with 20% down, the Mississippi average 30-year fixed rate of 7.20% means a monthly principal and interest payment of about $876, or 20% of the city’s $51,332 median household income.

The MBR Housing Affordability Index (MBR-HAI) for New Albany is updated every night from live Mississippi 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.

New Albany MBR-HAI 127.5 Highly Affordable
Rank in Mississippi 202 of 285 1 = most affordable
Mississippi 131.1 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.20% Mississippi lenders
Median home value $161,400 U.S. Census Bureau

New Albany is 3.7 points below the Mississippi score. Scores as of October 30, 2026. See the Mississippi index

View New Albany Mortgage Rates

What It Takes to Buy in New Albany

$876/mo
Principal & Interest
Median home, 20% down, 7.20%
$37,500
Income Needed
To keep the payment at 28% of income
$51,332
Median Household Income
Mississippi: $56,447
3.1x
Price-to-Income Ratio
Mississippi: 3.0x
$762/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,241/yr
Median Property Tax
0.77% of median value
20.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
50.8%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the New Albany Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. New Albany, Mississippi score: 127.5 (Highly Affordable), ranked 202 of 285 Mississippi cities. monitorbankrates.com/housing-affordability-index/mississippi/new-albany”