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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

Steele, MO Housing Affordability Index

Steele, Missouri has an MBR Housing Affordability Index score of 160.9 (Highly Affordable) as of October 30, 2026, ranking 359th most affordable of 822 scored Missouri cities, compared with 115.7 statewide and 97.4 nationally. On a median-priced $119,200 home with 20% down, the Missouri average 30-year fixed rate of 7.26% means a monthly principal and interest payment of about $651, or 14% of the city’s $54,600 median household income.

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

Steele MBR-HAI 160.9 Highly Affordable
Rank in Missouri 359 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 $119,200 U.S. Census Bureau

Steele is 45.2 points above the Missouri score. Scores as of October 30, 2026. See the Missouri index

View Steele Mortgage Rates

What It Takes to Buy in Steele

$651/mo
Principal & Interest
Median home, 20% down, 7.26%
$27,900
Income Needed
To keep the payment at 28% of income
$54,600
Median Household Income
Missouri: $70,702
2.2x
Price-to-Income Ratio
Missouri: 3.3x
$667/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,588/yr
Median Property Tax
1.33% of median value
7.5%
Owner Cost Burden
Owners spending 30%+ of income on housing
40.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Steele Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Steele, Missouri score: 160.9 (Highly Affordable), ranked 359 of 822 Missouri cities. monitorbankrates.com/housing-affordability-index/missouri/steele”