The typical owner-occupied home in Condon is worth about $146,600, 69% below the Oregon median of $477,600 and 56% below the national median of $332,700. Owners pay a median $2,011 a year in property taxes, about 1.37% of their home's value, higher than the Oregon rate of 0.81%. The median household earns $35,667 a year, so the median home costs 4.1 times the median income (5.8 times for Oregon). 84% of occupied homes here are lived in by their owners, and 31% of those owners still have a mortgage.
Condon at a glance
| Condon | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $146,600 | $477,600 | $332,700 |
| Median property tax paid per year | $2,011 | $3,876 | $3,119 |
| Property tax as a share of value | 1.37% | 0.81% | 0.94% |
| Median household income | $35,667 | $83,011 | $80,734 |
| Homes lived in by their owners | 84% | 63% | 65% |
| Owner homes with a mortgage | 31% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,211 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 16.3% | 22.4% | 21.0% |
| Median rent | $850 | $1,525 | $1,413 |
| Rent as a share of renters' income | 42.0% | 31.3% | 30.6% |
| Median year homes were built | 1956 | 1981 | 1980 |
| Vacant homes | 30.2% | 7.5% | 10.1% |
| Population | 623 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Condon
At this week's average 30-year rate of 7.11%, buying the median Condon home of $146,600 with 20% down costs about $1,017 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,262, 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 $43,603 for the 20%-down payment. That payment is 34% of the median Condon household income of $35,667; at that income and 20% down, the 28% guideline points to a home of about $120,000.
The median rent here is $850 a month, so owning the median home costs about $167 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $29,320 |
|---|---|
| Loan amount | $117,280 |
| Principal and interest | $789 |
| Property taxes (1.37% a year) | $167 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| PMI | $0 |
| Total per month | $1,017 |
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| Down payment | $5,131 |
|---|---|
| Loan amount | $143,945 |
| Principal and interest | $968 |
| Property taxes (1.37% a year) | $167 |
| Homeowners insurance (our estimate, 0.5% a year) | $61 |
| FHA mortgage insurance | $65 |
| Total per month | $1,262 |
Change the numbers in the calculator
Questions about home buying in Condon
What is the median home value in Condon?
About $146,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Condon?
Homeowners pay a median $2,011 a year, which is about 1.37% 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 Condon?
For the median home with 20% down at 7.11%, the payment is about $1,017 a month. Keeping that under 28% of gross income takes about $43,603 a year.
More about Condon
- Mortgage Refinance in Condon
- Debt Relief in Condon
- Home Equity Loans in Condon
- 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