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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

Broadway, NC Housing Affordability Index

Broadway, North Carolina has an MBR Housing Affordability Index score of 100.7 (Near National Average) as of October 30, 2026, ranking 427th most affordable of 587 scored North Carolina cities, compared with 104.6 statewide and 97.4 nationally. On a median-priced $254,500 home with 20% down, the North Carolina average 30-year fixed rate of 7.26% means a monthly principal and interest payment of about $1,390, or 26% of the city’s $64,926 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Broadway is updated every night from live North Carolina 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.

Broadway MBR-HAI 100.7 Near National Average
Rank in North Carolina 427 of 587 1 = most affordable
North Carolina 104.6 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.26% North Carolina lenders
Median home value $254,500 U.S. Census Bureau

Broadway is 4.0 points below the North Carolina score. Scores as of October 30, 2026. See the North Carolina index

View Broadway Mortgage Rates

See What You Can Afford in Broadway, North Carolina

Use this Broadway, North Carolina home affordability calculator to see how much house you can afford at today’s North Carolina average 30-year mortgage rate of 7.26%. A household earning the Broadway median income of $64,926, with no other debts and $51,000 down, can afford a home of about $234,015, compared with a median home value of $254,500. Buying the median priced home with 20% down takes a household income of about $71,900 once property tax and insurance are counted.

Broadway median (Census)
Car, student loan, card minimums
Under 20% adds PMI
North Carolina average, 30-year fixed
Broadway median bill (Census)
Estimate; use your quote
You can afford a home up to
$234,015
Below the Broadway median home value of $254,500
Loan amount$183,015
Principal & interest$1,250/mo
Property tax$168/mo
Home insurance$98/mo
PMI$0/mo
Total monthly payment$1,515/mo
Compare Broadway Mortgage Rates

How much house can you afford in Broadway?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Broadway, property taxes run about 0.86% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $3,836 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Broadway

$1,390/mo
Principal & Interest
Median home, 20% down, 7.26%
$59,600
Income Needed
To keep principal and interest at 28% of income
$64,926
Median Household Income
North Carolina: $72,388
3.9x
Price-to-Income Ratio
North Carolina: 4.0x
$1,117/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,197/yr
Median Property Tax
0.86% of median value
26.0%
Owner Cost Burden
Owners spending 30%+ of income on housing
71.1%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Broadway Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Broadway, North Carolina score: 100.7 (Near National Average), ranked 427 of 587 North Carolina cities. monitorbankrates.com/housing-affordability-index/north-carolina/broadway”