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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

Islip Terrace, NY Housing Affordability Index

Islip Terrace, New York has an MBR Housing Affordability Index score of 105.9 (Near National Average) as of October 30, 2026, ranking 503rd most affordable of 922 scored New York cities, compared with 80.2 statewide and 97.4 nationally. On a median-priced $519,200 home with 20% down, the New York average 30-year fixed rate of 7.27% means a monthly principal and interest payment of about $2,839, or 22% of the city’s $155,313 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Islip Terrace is updated every night from live New York 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.

Islip Terrace MBR-HAI 105.9 Near National Average
Rank in New York 503 of 922 1 = most affordable
New York 80.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.27% New York lenders
Median home value $519,200 U.S. Census Bureau

Islip Terrace is 25.8 points above the New York score. Scores as of October 30, 2026. See the New York index

View Islip Terrace Mortgage Rates

What It Takes to Buy in Islip Terrace

$2,839/mo
Principal & Interest
Median home, 20% down, 7.27%
$121,700
Income Needed
To keep the payment at 28% of income
$155,313
Median Household Income
New York: $85,974
3.3x
Price-to-Income Ratio
New York: 4.9x
$1,900/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$6,954/yr
Median Property Tax
New York figure
30.4%
Owner Cost Burden
Owners spending 30%+ of income on housing
36.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Islip Terrace Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Islip Terrace, New York score: 105.9 (Near National Average), ranked 503 of 922 New York cities. monitorbankrates.com/housing-affordability-index/new-york/islip-terrace”