The typical owner-occupied home in Seneca is worth about $156,300, 67% below the Oregon median of $477,600 and 53% below the national median of $332,700. Owners pay a median $538 a year in property taxes, about 0.34% of their home's value, lower than the Oregon rate of 0.81%. The median household earns $39,821 a year, so the median home costs 3.9 times the median income (5.8 times for Oregon). 86% of occupied homes here are lived in by their owners, and 7% of those owners still have a mortgage.
Seneca at a glance
| Seneca | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $156,300 | $477,600 | $332,700 |
| Median property tax paid per year | $538 | $3,876 | $3,119 |
| Property tax as a share of value | 0.34% | 0.81% | 0.94% |
| Median household income | $39,821 | $83,011 | $80,734 |
| Homes lived in by their owners | 86% | 63% | 65% |
| Owner homes with a mortgage | 7% | 65% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,157 | $1,963 |
| Median rent | – | $1,525 | $1,413 |
| Median year homes were built | 1947 | 1981 | 1980 |
| Vacant homes | 32.4% | 7.5% | 10.1% |
| Population | 109 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Seneca
At this week's average 30-year rate of 7.11%, buying the median Seneca home of $156,300 with 20% down costs about $951 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,211, 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 $40,738 for the 20%-down payment. That payment is 29% of the median Seneca household income of $39,821; at that income and 20% down, the 28% guideline points to a home of about $153,000.
| Down payment | $31,260 |
|---|---|
| Loan amount | $125,040 |
| Principal and interest | $841 |
| Property taxes (0.34% a year) | $44 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| PMI | $0 |
| Total per month | $951 |
Change the numbers in the calculator
| Down payment | $5,470 |
|---|---|
| Loan amount | $153,469 |
| Principal and interest | $1,032 |
| Property taxes (0.34% a year) | $44 |
| Homeowners insurance (our estimate, 0.5% a year) | $65 |
| FHA mortgage insurance | $69 |
| Total per month | $1,211 |
Change the numbers in the calculator
Questions about home buying in Seneca
What is the median home value in Seneca?
About $156,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Seneca?
Homeowners pay a median $538 a year, which is about 0.34% 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 Seneca?
For the median home with 20% down at 7.11%, the payment is about $951 a month. Keeping that under 28% of gross income takes about $40,738 a year.
More about Seneca
- Mortgage Refinance in Seneca
- Debt Relief in Seneca
- Home Equity Loans in Seneca
- 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