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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 Lake, WI Housing Affordability Index

Elkhart Lake, Wisconsin has an MBR Housing Affordability Index score of 117.6 (More Affordable Than Average) as of October 30, 2026, ranking 418th most affordable of 695 scored Wisconsin cities, compared with 104.4 statewide and 97.4 nationally. On a median-priced $328,300 home with 20% down, the Wisconsin average 30-year fixed rate of 7.30% means a monthly principal and interest payment of about $1,801, or 23% of the city’s $94,250 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Elkhart Lake is updated every night from live Wisconsin 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 Lake MBR-HAI 117.6 More Affordable Than Average
Rank in Wisconsin 418 of 695 1 = most affordable
Wisconsin 104.4 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.30% Wisconsin lenders
Median home value $328,300 U.S. Census Bureau

Elkhart Lake is 13.2 points above the Wisconsin score. Scores as of October 30, 2026. See the Wisconsin index

View Elkhart Lake Mortgage Rates

What It Takes to Buy in Elkhart Lake

$1,801/mo
Principal & Interest
Median home, 20% down, 7.30%
$77,200
Income Needed
To keep the payment at 28% of income
$94,250
Median Household Income
Wisconsin: $77,485
3.5x
Price-to-Income Ratio
Wisconsin: 3.4x
$1,208/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$3,443/yr
Median Property Tax
1.05% of median value
10.9%
Owner Cost Burden
Owners spending 30%+ of income on housing
26.9%
Renter Cost Burden
Renters spending 30%+ of income on rent

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

Cite the Elkhart Lake Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Elkhart Lake, Wisconsin score: 117.6 (More Affordable Than Average), ranked 418 of 695 Wisconsin cities. monitorbankrates.com/housing-affordability-index/wisconsin/elkhart-lake”