The typical owner-occupied home in Myrtle Point is worth about $252,900, 47% below the Oregon median of $477,600 and 24% below the national median of $332,700. Owners pay a median $1,978 a year in property taxes, about 0.78% of their home's value, close to the Oregon rate of 0.81%. The median household earns $47,656 a year, so the median home costs 5.3 times the median income (5.8 times for Oregon). 68% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Myrtle Point at a glance
| Myrtle Point | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $252,900 | $477,600 | $332,700 |
| Median property tax paid per year | $1,978 | $3,876 | $3,119 |
| Property tax as a share of value | 0.78% | 0.81% | 0.94% |
| Median household income | $47,656 | $83,011 | $80,734 |
| Homes lived in by their owners | 68% | 63% | 65% |
| Owner homes with a mortgage | 63% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,420 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 23.2% | 22.4% | 21.0% |
| Median rent | $822 | $1,525 | $1,413 |
| Rent as a share of renters' income | 36.8% | 31.3% | 30.6% |
| Median year homes were built | 1958 | 1981 | 1980 |
| Vacant homes | 10.0% | 7.5% | 10.1% |
| Population | 2,684 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Myrtle Point
At this week's average 30-year rate of 7.11%, buying the median Myrtle Point home of $252,900 with 20% down costs about $1,631 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,052, 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 $69,891 for the 20%-down payment. That payment is 41% of the median Myrtle Point household income of $47,656; at that income and 20% down, the 28% guideline points to a home of about $172,000.
The median rent here is $822 a month, so owning the median home costs about $809 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $50,580 |
|---|---|
| Loan amount | $202,320 |
| Principal and interest | $1,361 |
| Property taxes (0.78% a year) | $164 |
| Homeowners insurance (our estimate, 0.5% a year) | $105 |
| PMI | $0 |
| Total per month | $1,631 |
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| Down payment | $8,852 |
|---|---|
| Loan amount | $248,319 |
| Principal and interest | $1,670 |
| Property taxes (0.78% a year) | $164 |
| Homeowners insurance (our estimate, 0.5% a year) | $105 |
| FHA mortgage insurance | $112 |
| Total per month | $2,052 |
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Questions about home buying in Myrtle Point
What is the median home value in Myrtle Point?
About $252,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Myrtle Point?
Homeowners pay a median $1,978 a year, which is about 0.78% 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 Myrtle Point?
For the median home with 20% down at 7.11%, the payment is about $1,631 a month. Keeping that under 28% of gross income takes about $69,891 a year.
More about Myrtle Point
- Mortgage Refinance in Myrtle Point
- Debt Relief in Myrtle Point
- Home Equity Loans in Myrtle Point
- 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