The typical owner-occupied home in Terrebonne is worth about $469,600, about the same as the Oregon median of $477,600 and 41% above the national median of $332,700. Owners pay a median $2,520 a year in property taxes, about 0.54% of their home's value, lower than the Oregon rate of 0.81%. The median household earns $89,248 a year, so the median home costs 5.3 times the median income (5.8 times for Oregon). 97% of occupied homes here are lived in by their owners, and 67% of those owners still have a mortgage.
Terrebonne at a glance
| Terrebonne | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $469,600 | $477,600 | $332,700 |
| Median property tax paid per year | $2,520 | $3,876 | $3,119 |
| Property tax as a share of value | 0.54% | 0.81% | 0.94% |
| Median household income | $89,248 | $83,011 | $80,734 |
| Homes lived in by their owners | 97% | 63% | 65% |
| Owner homes with a mortgage | 67% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,096 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 29.8% | 22.4% | 21.0% |
| Median rent | – | $1,525 | $1,413 |
| Median year homes were built | 2003 | 1981 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 1,602 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Terrebonne
At this week's average 30-year rate of 7.11%, buying the median Terrebonne home of $469,600 with 20% down costs about $2,934 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,716, 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 $125,752 for the 20%-down payment. That payment is 39% of the median Terrebonne household income of $89,248; at that income and 20% down, the 28% guideline points to a home of about $333,000.
| Down payment | $93,920 |
|---|---|
| Loan amount | $375,680 |
| Principal and interest | $2,527 |
| Property taxes (0.54% a year) | $211 |
| Homeowners insurance (our estimate, 0.5% a year) | $196 |
| PMI | $0 |
| Total per month | $2,934 |
Change the numbers in the calculator
| Down payment | $16,436 |
|---|---|
| Loan amount | $461,094 |
| Principal and interest | $3,102 |
| Property taxes (0.54% a year) | $211 |
| Homeowners insurance (our estimate, 0.5% a year) | $196 |
| FHA mortgage insurance | $208 |
| Total per month | $3,716 |
Change the numbers in the calculator
Questions about home buying in Terrebonne
What is the median home value in Terrebonne?
About $469,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Terrebonne?
Homeowners pay a median $2,520 a year, which is about 0.54% 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 Terrebonne?
For the median home with 20% down at 7.11%, the payment is about $2,934 a month. Keeping that under 28% of gross income takes about $125,752 a year.
More about Terrebonne
- Mortgage Refinance in Terrebonne
- Debt Relief in Terrebonne
- Home Equity Loans in Terrebonne
- 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