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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, OR Housing Affordability Index

Elgin, Oregon has an MBR Housing Affordability Index score of 115.5 (More Affordable Than Average) as of October 30, 2026, ranking 48th most affordable of 267 scored Oregon cities, compared with 78.0 statewide and 97.4 nationally. On a median-priced $191,300 home with 20% down, the Oregon average 30-year fixed rate of 7.28% means a monthly principal and interest payment of about $1,047, or 22% of the city’s $57,750 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Elgin is updated every night from live Oregon 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 115.5 More Affordable Than Average
Rank in Oregon 48 of 267 1 = most affordable
Oregon 78.0 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.28% Oregon lenders
Median home value $191,300 U.S. Census Bureau

Elgin is 37.5 points above the Oregon score. Scores as of October 30, 2026. See the Oregon index

View Elgin Mortgage Rates

What It Takes to Buy in Elgin

$1,047/mo
Principal & Interest
Median home, 20% down, 7.28%
$44,900
Income Needed
To keep the payment at 28% of income
$57,750
Median Household Income
Oregon: $83,011
3.3x
Price-to-Income Ratio
Oregon: 5.8x
$804/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,620/yr
Median Property Tax
0.85% of median value
28.1%
Owner Cost Burden
Owners spending 30%+ of income on housing
42.2%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Elgin, Oregon. The rate is the Oregon 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, Oregon score: 115.5 (More Affordable Than Average), ranked 48 of 267 Oregon cities. monitorbankrates.com/housing-affordability-index/oregon/elgin”