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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

Gates Mills, OH Housing Affordability Index

Gates Mills, Ohio has an MBR Housing Affordability Index score of 113.7 (More Affordable Than Average) as of October 30, 2026, ranking 789th most affordable of 981 scored Ohio cities, compared with 112.1 statewide and 97.4 nationally. On a median-priced $743,400 home with 20% down, the Ohio average 30-year fixed rate of 7.29% means a monthly principal and interest payment of about $4,072, or 21% of the city’s $231,250 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Gates Mills 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.

Gates Mills MBR-HAI 113.7 More Affordable Than Average
Rank in Ohio 789 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 $743,400 U.S. Census Bureau

Gates Mills is 1.6 points above the Ohio score. Scores as of October 30, 2026. See the Ohio index

View Gates Mills Mortgage Rates

What It Takes to Buy in Gates Mills

$4,072/mo
Principal & Interest
Median home, 20% down, 7.29%
$174,500
Income Needed
To keep the payment at 28% of income
$231,250
Median Household Income
Ohio: $71,389
3.2x
Price-to-Income Ratio
Ohio: 3.0x
$2,936/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,697/yr
Median Property Tax
Ohio figure
15.5%
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 Gates Mills, Ohio. The rate is the Ohio average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Gates Mills Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Gates Mills, Ohio score: 113.7 (More Affordable Than Average), ranked 789 of 981 Ohio cities. monitorbankrates.com/housing-affordability-index/ohio/gates-mills”