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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

Elkhart, TX Housing Affordability Index

Elkhart, Texas has an MBR Housing Affordability Index score of 150.3 (Highly Affordable) as of October 30, 2026, ranking 379th most affordable of 1,229 scored Texas cities, compared with 99.2 statewide and 97.4 nationally. On a median-priced $107,300 home with 20% down, the Texas average 30-year fixed rate of 7.29% means a monthly principal and interest payment of about $588, or 13% of the city’s $52,891 median household income.

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

Elkhart MBR-HAI 150.3 Highly Affordable
Rank in Texas 379 of 1,229 1 = most affordable
Texas 99.2 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.29% Texas lenders
Median home value $107,300 U.S. Census Bureau

Elkhart is 51.2 points above the Texas score. Scores as of October 30, 2026. See the Texas index

View Elkhart Mortgage Rates

See What You Can Afford in Elkhart, Texas

Use this Elkhart, Texas home affordability calculator to see how much house you can afford at today’s Texas average 30-year mortgage rate of 7.29%. A household earning the Elkhart median income of $52,891, with no other debts and $21,000 down, can afford a home of about $146,721, compared with a median home value of $107,300. Buying the median priced home with 20% down takes a household income of about $35,200 once property tax and insurance are counted.

Elkhart median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Texas average, 30-year fixed
Elkhart median bill (Census)
Estimate; use your quote
You can afford a home up to
$146,721
At or above the Elkhart median home value of $107,300
Loan amount$125,721
Principal & interest$861/mo
Property tax$259/mo
Home insurance$61/mo
PMI$52/mo
Total monthly payment$1,234/mo
Compare Elkhart Mortgage Rates

How much house can you afford in Elkhart?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Elkhart, property taxes run about 2.12% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $2,230 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Elkhart

$588/mo
Principal & Interest
Median home, 20% down, 7.29%
$25,200
Income Needed
To keep principal and interest at 28% of income
$52,891
Median Household Income
Texas: $78,476
2.0x
Price-to-Income Ratio
Texas: 3.6x
$880/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,280/yr
Median Property Tax
2.12% of median value
17.3%
Owner Cost Burden
Owners spending 30%+ of income on housing
35.6%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Elkhart Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Elkhart, Texas score: 150.3 (Highly Affordable), ranked 379 of 1,229 Texas cities. monitorbankrates.com/housing-affordability-index/texas/elkhart”