The typical owner-occupied home in Oregon is worth about $204,600, 5% below the Ohio median of $214,800 and 39% below the national median of $332,700. Owners pay a median $3,013 a year in property taxes, about 1.47% of their home's value, higher than the Ohio rate of 1.31%. The median household earns $82,197 a year, so the median home costs 2.5 times the median income (3.0 times for Ohio). 75% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Oregon at a glance
| Oregon | Ohio | U.S. | |
|---|---|---|---|
| Median home value | $204,600 | $214,800 | $332,700 |
| Median property tax paid per year | $3,013 | $2,822 | $3,119 |
| Property tax as a share of value | 1.47% | 1.31% | 0.94% |
| Median household income | $82,197 | $71,389 | $80,734 |
| Homes lived in by their owners | 75% | 67% | 65% |
| Owner homes with a mortgage | 63% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $1,492 | $1,517 | $1,963 |
| Those costs as a share of the owners' income | 16.7% | 18.6% | 21.0% |
| Median rent | $900 | $1,034 | $1,413 |
| Rent as a share of renters' income | 26.2% | 28.3% | 30.6% |
| Median year homes were built | 1971 | 1970 | 1980 |
| Vacant homes | 7.5% | 8.1% | 10.1% |
| Population | 19,799 | 11,810,293 | 334,922,499 |
What a typical home costs per month in Oregon
At this week's average 30-year rate of 7.11%, buying the median Oregon home of $204,600 with 20% down costs about $1,437 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,778, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $61,585 for the 20%-down payment. That payment is 21% of the median Oregon household income of $82,197; at that income and 20% down, the 28% guideline points to a home of about $273,000.
The median rent here is $900 a month, so owning the median home costs about $537 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $40,920 |
|---|---|
| Loan amount | $163,680 |
| Principal and interest | $1,101 |
| Property taxes (1.47% a year) | $251 |
| Homeowners insurance (our estimate, 0.5% a year) | $85 |
| PMI | $0 |
| Total per month | $1,437 |
Change the numbers in the calculator
| Down payment | $7,161 |
|---|---|
| Loan amount | $200,894 |
| Principal and interest | $1,351 |
| Property taxes (1.47% a year) | $251 |
| Homeowners insurance (our estimate, 0.5% a year) | $85 |
| FHA mortgage insurance | $90 |
| Total per month | $1,778 |
Change the numbers in the calculator
Questions about home buying in Oregon
What is the median home value in Oregon?
About $204,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oregon?
Homeowners pay a median $3,013 a year, which is about 1.47% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Oregon?
For the median home with 20% down at 7.11%, the payment is about $1,437 a month. Keeping that under 28% of gross income takes about $61,585 a year.
More about Oregon
- Mortgage Refinance in Oregon
- Debt Relief in Oregon
- Home Equity Loans in Oregon
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data