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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

Cape Girardeau, MO Housing Affordability Index

Cape Girardeau, Missouri has an MBR Housing Affordability Index score of 114.5 (More Affordable Than Average) as of October 30, 2026, ranking 715th most affordable of 822 scored Missouri cities, compared with 115.7 statewide and 97.4 nationally. On a median-priced $196,300 home with 20% down, the Missouri average 30-year fixed rate of 7.26% means a monthly principal and interest payment of about $1,072, or 23% of the city’s $55,658 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Cape Girardeau is updated every night from live Missouri 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.

Cape Girardeau MBR-HAI 114.5 More Affordable Than Average
Rank in Missouri 715 of 822 1 = most affordable
Missouri 115.7 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.26% Missouri lenders
Median home value $196,300 U.S. Census Bureau

Cape Girardeau is 1.2 points below the Missouri score. Scores as of October 30, 2026. See the Missouri index

View Cape Girardeau Mortgage Rates

What It Takes to Buy in Cape Girardeau

$1,072/mo
Principal & Interest
Median home, 20% down, 7.26%
$46,000
Income Needed
To keep the payment at 28% of income
$55,658
Median Household Income
Missouri: $70,702
3.5x
Price-to-Income Ratio
Missouri: 3.3x
$962/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,469/yr
Median Property Tax
0.75% of median value
18.6%
Owner Cost Burden
Owners spending 30%+ of income on housing
44.2%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Cape Girardeau Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Cape Girardeau, Missouri score: 114.5 (More Affordable Than Average), ranked 715 of 822 Missouri cities. monitorbankrates.com/housing-affordability-index/missouri/cape-girardeau”