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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

Elgin, OH Housing Affordability Index

Elgin, Ohio has an MBR Housing Affordability Index score of 209.1 (Highly Affordable) as of October 30, 2026, ranking 65th most affordable of 981 scored Ohio cities, compared with 112.1 statewide and 97.4 nationally. On a median-priced $114,400 home with 20% down, the Ohio average 30-year fixed rate of 7.29% means a monthly principal and interest payment of about $627, or 8% of the city’s $90,972 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Elgin is updated every night from live Ohio 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.

Elgin MBR-HAI 209.1 Highly Affordable
Rank in Ohio 65 of 981 1 = most affordable
Ohio 112.1 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.29% Ohio lenders
Median home value $114,400 U.S. Census Bureau

Elgin is 97.0 points above the Ohio score. Scores as of October 30, 2026. See the Ohio index

View Elgin Mortgage Rates

What It Takes to Buy in Elgin

$627/mo
Principal & Interest
Median home, 20% down, 7.29%
$26,900
Income Needed
To keep the payment at 28% of income
$90,972
Median Household Income
Ohio: $71,389
1.3x
Price-to-Income Ratio
Ohio: 3.0x
$1,099/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,289/yr
Median Property Tax
1.13% of median value
21.1%
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 Elgin, Ohio. The rate is the Ohio average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Elgin Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Elgin, Ohio score: 209.1 (Highly Affordable), ranked 65 of 981 Ohio cities. monitorbankrates.com/housing-affordability-index/ohio/elgin”