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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, PA Housing Affordability Index

Elgin, Pennsylvania has an MBR Housing Affordability Index score of 203.9 (Highly Affordable) as of October 30, 2026, ranking 112th most affordable of 1,325 scored Pennsylvania cities, compared with 108.3 statewide and 97.4 nationally. On a median-priced $99,300 home with 20% down, the Pennsylvania average 30-year fixed rate of 7.23% means a monthly principal and interest payment of about $541, or 11% of the city’s $61,518 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Elgin is updated every night from live Pennsylvania 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 203.9 Highly Affordable
Rank in Pennsylvania 112 of 1,325 1 = most affordable
Pennsylvania 108.3 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.23% Pennsylvania lenders
Median home value $99,300 U.S. Census Bureau

Elgin is 95.6 points above the Pennsylvania score. Scores as of October 30, 2026. See the Pennsylvania index

View Elgin Mortgage Rates

What It Takes to Buy in Elgin

$541/mo
Principal & Interest
Median home, 20% down, 7.23%
$23,200
Income Needed
To keep the payment at 28% of income
$61,518
Median Household Income
Pennsylvania: $77,971
1.6x
Price-to-Income Ratio
Pennsylvania: 3.3x
$459/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,583/yr
Median Property Tax
1.59% of median value
6.7%
Owner Cost Burden
Owners spending 30%+ of income on housing
40.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Elgin, Pennsylvania. The rate is the Pennsylvania 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, Pennsylvania score: 203.9 (Highly Affordable), ranked 112 of 1,325 Pennsylvania cities. monitorbankrates.com/housing-affordability-index/pennsylvania/elgin”