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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

Elk Creek, NE Housing Affordability Index

Elk Creek, Nebraska has an MBR Housing Affordability Index score of 333.7 (Highly Affordable) as of October 30, 2026, ranking 18th most affordable of 456 scored Nebraska cities, compared with 106.6 statewide and 97.4 nationally. On a median-priced $40,000 home with 20% down, the Nebraska average 30-year fixed rate of 7.26% means a monthly principal and interest payment of about $218, or 5% of the city’s $55,625 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Elk Creek is updated every night from live Nebraska 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.

Elk Creek MBR-HAI 333.7 Highly Affordable
Rank in Nebraska 18 of 456 1 = most affordable
Nebraska 106.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.26% Nebraska lenders
Median home value $40,000 U.S. Census Bureau

Elk Creek is 227.2 points above the Nebraska score. Scores as of October 30, 2026. See the Nebraska index

View Elk Creek Mortgage Rates

What It Takes to Buy in Elk Creek

$218/mo
Principal & Interest
Median home, 20% down, 7.26%
$9,400
Income Needed
To keep the payment at 28% of income
$55,625
Median Household Income
Nebraska: $76,475
0.7x
Price-to-Income Ratio
Nebraska: 3.1x
$429/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$883/yr
Median Property Tax
2.21% of median value
18.2%
Owner Cost Burden
Owners spending 30%+ of income on housing
55.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

How Elk Creek Ranks in Nebraska

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Cite the Elk Creek Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Elk Creek, Nebraska score: 333.7 (Highly Affordable), ranked 18 of 456 Nebraska cities. monitorbankrates.com/housing-affordability-index/nebraska/elk-creek”