The typical owner-occupied home in Boring is worth about $730,900, 53% above the Oregon median of $477,600 and 2.2 times the national median of $332,700. Owners pay a median $5,184 a year in property taxes, about 0.71% of their home's value, lower than the Oregon rate of 0.81%. The median household earns $158,625 a year, so the median home costs 4.6 times the median income (5.8 times for Oregon). 88% of occupied homes here are lived in by their owners, and 48% of those owners still have a mortgage.
Boring at a glance
| Boring | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $730,900 | $477,600 | $332,700 |
| Median property tax paid per year | $5,184 | $3,876 | $3,119 |
| Property tax as a share of value | 0.71% | 0.81% | 0.94% |
| Median household income | $158,625 | $83,011 | $80,734 |
| Homes lived in by their owners | 88% | 63% | 65% |
| Owner homes with a mortgage | 48% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,921 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 18.8% | 22.4% | 21.0% |
| Median rent | $1,328 | $1,525 | $1,413 |
| Rent as a share of renters' income | 9.0% | 31.3% | 30.6% |
| Median year homes were built | 1977 | 1981 | 1980 |
| Vacant homes | 14.4% | 7.5% | 10.1% |
| Population | 1,869 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Boring
At this week's average 30-year rate of 7.11%, buying the median Boring home of $730,900 with 20% down costs about $4,670 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,888, 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 $200,162 for the 20%-down payment. That payment is 35% of the median Boring household income of $158,625; at that income and 20% down, the 28% guideline points to a home of about $579,000.
The median rent here is $1,328 a month, so owning the median home costs about $3,342 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $146,180 |
|---|---|
| Loan amount | $584,720 |
| Principal and interest | $3,933 |
| Property taxes (0.71% a year) | $432 |
| Homeowners insurance (our estimate, 0.5% a year) | $305 |
| PMI | $0 |
| Total per month | $4,670 |
Change the numbers in the calculator
| Down payment | $25,582 |
|---|---|
| Loan amount | $717,662 |
| Principal and interest | $4,828 |
| Property taxes (0.71% a year) | $432 |
| Homeowners insurance (our estimate, 0.5% a year) | $305 |
| FHA mortgage insurance | $323 |
| Total per month | $5,888 |
Change the numbers in the calculator
Questions about home buying in Boring
What is the median home value in Boring?
About $730,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Boring?
Homeowners pay a median $5,184 a year, which is about 0.71% 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 Boring?
For the median home with 20% down at 7.11%, the payment is about $4,670 a month. Keeping that under 28% of gross income takes about $200,162 a year.
More about Boring
- Mortgage Refinance in Boring
- Debt Relief in Boring
- Home Equity Loans in Boring
- 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