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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

McMinnville, TN Housing Affordability Index

McMinnville, Tennessee has an MBR Housing Affordability Index score of 121.8 (Highly Affordable) as of October 30, 2026, ranking 241st most affordable of 380 scored Tennessee cities, compared with 103.7 statewide and 97.4 nationally. On a median-priced $182,200 home with 20% down, the Tennessee average 30-year fixed rate of 7.18% means a monthly principal and interest payment of about $988, or 25% of the city’s $47,179 median household income.

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

McMinnville MBR-HAI 121.8 Highly Affordable
Rank in Tennessee 241 of 380 1 = most affordable
Tennessee 103.7 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.18% Tennessee lenders
Median home value $182,200 U.S. Census Bureau

McMinnville is 18.0 points above the Tennessee score. Scores as of October 30, 2026. See the Tennessee index

View McMinnville Mortgage Rates

What It Takes to Buy in McMinnville

$988/mo
Principal & Interest
Median home, 20% down, 7.18%
$42,300
Income Needed
To keep the payment at 28% of income
$47,179
Median Household Income
Tennessee: $69,595
3.9x
Price-to-Income Ratio
Tennessee: 4.1x
$672/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,025/yr
Median Property Tax
0.56% of median value
28.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
43.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the McMinnville Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. McMinnville, Tennessee score: 121.8 (Highly Affordable), ranked 241 of 380 Tennessee cities. monitorbankrates.com/housing-affordability-index/tennessee/mcminnville”