The typical owner-occupied home in Bandon is worth about $503,200, 5% above the Oregon median of $477,600 and 51% above the national median of $332,700. Owners pay a median $2,980 a year in property taxes, about 0.59% of their home's value, lower than the Oregon rate of 0.81%. The median household earns $48,187 a year, so the median home costs 10.4 times the median income (5.8 times for Oregon). 63% of occupied homes here are lived in by their owners, and 51% of those owners still have a mortgage.
Bandon at a glance
| Bandon | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $503,200 | $477,600 | $332,700 |
| Median property tax paid per year | $2,980 | $3,876 | $3,119 |
| Property tax as a share of value | 0.59% | 0.81% | 0.94% |
| Median household income | $48,187 | $83,011 | $80,734 |
| Homes lived in by their owners | 63% | 63% | 65% |
| Owner homes with a mortgage | 51% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,097 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 22.2% | 22.4% | 21.0% |
| Median rent | $963 | $1,525 | $1,413 |
| Rent as a share of renters' income | 38.1% | 31.3% | 30.6% |
| Median year homes were built | 1987 | 1981 | 1980 |
| Vacant homes | 12.9% | 7.5% | 10.1% |
| Population | 3,330 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Bandon
At this week's average 30-year rate of 7.11%, buying the median Bandon home of $503,200 with 20% down costs about $3,165 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,003, 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 $135,648 for the 20%-down payment. That payment is 79% of the median Bandon household income of $48,187; at that income and 20% down, the 28% guideline points to a home of about $179,000.
The median rent here is $963 a month, so owning the median home costs about $2,202 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $100,640 |
|---|---|
| Loan amount | $402,560 |
| Principal and interest | $2,708 |
| Property taxes (0.59% a year) | $247 |
| Homeowners insurance (our estimate, 0.5% a year) | $210 |
| PMI | $0 |
| Total per month | $3,165 |
Change the numbers in the calculator
| Down payment | $17,612 |
|---|---|
| Loan amount | $494,086 |
| Principal and interest | $3,324 |
| Property taxes (0.59% a year) | $247 |
| Homeowners insurance (our estimate, 0.5% a year) | $210 |
| FHA mortgage insurance | $223 |
| Total per month | $4,003 |
Change the numbers in the calculator
Questions about home buying in Bandon
What is the median home value in Bandon?
About $503,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Bandon?
Homeowners pay a median $2,980 a year, which is about 0.59% 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 Bandon?
For the median home with 20% down at 7.11%, the payment is about $3,165 a month. Keeping that under 28% of gross income takes about $135,648 a year.
More about Bandon
- Mortgage Refinance in Bandon
- Debt Relief in Bandon
- Home Equity Loans in Bandon
- 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