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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

Island City, OR Housing Affordability Index

Island City, Oregon has an MBR Housing Affordability Index score of 91.9 (Near National Average) as of October 30, 2026, ranking 113th most affordable of 267 scored Oregon cities, compared with 78.0 statewide and 97.4 nationally. On a median-priced $295,100 home with 20% down, the Oregon average 30-year fixed rate of 7.28% means a monthly principal and interest payment of about $1,616, or 29% of the city’s $66,563 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Island City 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.

Island City MBR-HAI 91.9 Near National Average
Rank in Oregon 113 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 $295,100 U.S. Census Bureau

Island City is 13.9 points above the Oregon score. Scores as of October 30, 2026. See the Oregon index

View Island City Mortgage Rates

What It Takes to Buy in Island City

$1,616/mo
Principal & Interest
Median home, 20% down, 7.28%
$69,200
Income Needed
To keep the payment at 28% of income
$66,563
Median Household Income
Oregon: $83,011
4.4x
Price-to-Income Ratio
Oregon: 5.8x
$1,049/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,668/yr
Median Property Tax
0.90% of median value
30.2%
Owner Cost Burden
Owners spending 30%+ of income on housing
56.5%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Island City Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Island City, Oregon score: 91.9 (Near National Average), ranked 113 of 267 Oregon cities. monitorbankrates.com/housing-affordability-index/oregon/island-city”