The typical owner-occupied home in Deschutes County is worth about $650,900, 36% above the Oregon median of $477,600 and 96% above the national median of $332,700. Owners pay a median $3,807 a year in property taxes, about 0.58% of their home's value, lower than the Oregon rate of 0.81%. The median household earns $92,758 a year, so the median home costs 7.0 times the median income (5.8 times for Oregon). 70% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Deschutes County at a glance
| Deschutes County | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $650,900 | $477,600 | $332,700 |
| Median property tax paid per year | $3,807 | $3,876 | $3,119 |
| Property tax as a share of value | 0.58% | 0.81% | 0.94% |
| Median household income | $92,758 | $83,011 | $80,734 |
| Homes lived in by their owners | 70% | 63% | 65% |
| Owner homes with a mortgage | 67% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,235 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 22.7% | 22.4% | 21.0% |
| Median rent | $1,787 | $1,525 | $1,413 |
| Rent as a share of renters' income | 30.1% | 31.3% | 30.6% |
| Median year homes were built | 1998 | 1981 | 1980 |
| Vacant homes | 14.5% | 7.5% | 10.1% |
| Population | 206,334 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Deschutes County
At this week's average 30-year rate of 7.11%, buying the median Deschutes County home of $650,900 with 20% down costs about $4,089 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $5,173, 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 $175,231 for the 20%-down payment. That payment is 53% of the median Deschutes County household income of $92,758; at that income and 20% down, the 28% guideline points to a home of about $345,000.
The median rent here is $1,787 a month, so owning the median home costs about $2,302 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $130,180 |
|---|---|
| Loan amount | $520,720 |
| Principal and interest | $3,503 |
| Property taxes (0.58% a year) | $315 |
| Homeowners insurance (our estimate, 0.5% a year) | $271 |
| PMI | $0 |
| Total per month | $4,089 |
Change the numbers in the calculator
| Down payment | $22,782 |
|---|---|
| Loan amount | $639,111 |
| Principal and interest | $4,299 |
| Property taxes (0.58% a year) | $315 |
| Homeowners insurance (our estimate, 0.5% a year) | $271 |
| FHA mortgage insurance | $288 |
| Total per month | $5,173 |
Change the numbers in the calculator
Questions about home buying in Deschutes County
What is the median home value in Deschutes County?
About $650,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Deschutes County?
Homeowners pay a median $3,807 a year, which is about 0.58% 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 Deschutes County?
For the median home with 20% down at 7.11%, the payment is about $4,089 a month. Keeping that under 28% of gross income takes about $175,231 a year.
More about Deschutes County
- Mortgage Refinance in Deschutes County
- Debt Relief in Deschutes County
- Home Equity Loans in Deschutes County
- 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