The typical owner-occupied home in Oregon is worth about $477,600, 44% above the national median of $332,700. Owners pay a median $3,876 a year in property taxes, about 0.81% of their home's value, lower than the national rate of 0.94%. The median household earns $83,011 a year, so the median home costs 5.8 times the median income (4.1 times for the U.S.). 63% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Oregon at a glance
| Oregon | U.S. | |
|---|---|---|
| Median home value | $477,600 | $332,700 |
| Median property tax paid per year | $3,876 | $3,119 |
| Property tax as a share of value | 0.81% | 0.94% |
| Median household income | $83,011 | $80,734 |
| Homes lived in by their owners | 63% | 65% |
| Owner homes with a mortgage | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 22.4% | 21.0% |
| Median rent | $1,525 | $1,413 |
| Rent as a share of renters' income | 31.3% | 30.6% |
| Median year homes were built | 1981 | 1980 |
| Vacant homes | 7.5% | 10.1% |
| Population | 4,254,293 | 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 $477,600 with 20% down costs about $3,092 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,887, 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 $132,500 for the 20%-down payment. That payment is 45% of the median Oregon household income of $83,011; at that income and 20% down, the 28% guideline points to a home of about $299,000.
The median rent here is $1,525 a month, so owning the median home costs about $1,567 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $95,520 |
|---|---|
| Loan amount | $382,080 |
| Principal and interest | $2,570 |
| Property taxes (0.81% a year) | $322 |
| Homeowners insurance (our estimate, 0.5% a year) | $199 |
| PMI | $0 |
| Total per month | $3,092 |
Change the numbers in the calculator
| Down payment | $16,716 |
|---|---|
| Loan amount | $468,949 |
| Principal and interest | $3,155 |
| Property taxes (0.81% a year) | $322 |
| Homeowners insurance (our estimate, 0.5% a year) | $199 |
| FHA mortgage insurance | $211 |
| Total per month | $3,887 |
Change the numbers in the calculator
Questions about home buying in Oregon
What is the median home value in Oregon?
About $477,600 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 $3,876 a year, which is about 0.81% 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 $3,092 a month. Keeping that under 28% of gross income takes about $132,500 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