The typical owner-occupied home in Talent is worth about $405,300, 15% below the Oregon median of $477,600 and 22% above the national median of $332,700. Owners pay a median $3,365 a year in property taxes, about 0.83% of their home's value, close to the Oregon rate of 0.81%. The median household earns $62,543 a year, so the median home costs 6.5 times the median income (5.8 times for Oregon). 48% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Talent at a glance
| Talent | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $405,300 | $477,600 | $332,700 |
| Median property tax paid per year | $3,365 | $3,876 | $3,119 |
| Property tax as a share of value | 0.83% | 0.81% | 0.94% |
| Median household income | $62,543 | $83,011 | $80,734 |
| Homes lived in by their owners | 48% | 63% | 65% |
| Owner homes with a mortgage | 58% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,736 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 20.5% | 22.4% | 21.0% |
| Median rent | $1,579 | $1,525 | $1,413 |
| Rent as a share of renters' income | 32.6% | 31.3% | 30.6% |
| Median year homes were built | 1995 | 1981 | 1980 |
| Vacant homes | 3.6% | 7.5% | 10.1% |
| Population | 6,254 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Talent
At this week's average 30-year rate of 7.11%, buying the median Talent home of $405,300 with 20% down costs about $2,630 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,306, 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 $112,731 for the 20%-down payment. That payment is 50% of the median Talent household income of $62,543; at that income and 20% down, the 28% guideline points to a home of about $225,000.
The median rent here is $1,579 a month, so owning the median home costs about $1,051 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $81,060 |
|---|---|
| Loan amount | $324,240 |
| Principal and interest | $2,181 |
| Property taxes (0.83% a year) | $280 |
| Homeowners insurance (our estimate, 0.5% a year) | $169 |
| PMI | $0 |
| Total per month | $2,630 |
Change the numbers in the calculator
| Down payment | $14,186 |
|---|---|
| Loan amount | $397,959 |
| Principal and interest | $2,677 |
| Property taxes (0.83% a year) | $280 |
| Homeowners insurance (our estimate, 0.5% a year) | $169 |
| FHA mortgage insurance | $179 |
| Total per month | $3,306 |
Change the numbers in the calculator
Questions about home buying in Talent
What is the median home value in Talent?
About $405,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Talent?
Homeowners pay a median $3,365 a year, which is about 0.83% 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 Talent?
For the median home with 20% down at 7.11%, the payment is about $2,630 a month. Keeping that under 28% of gross income takes about $112,731 a year.
More about Talent
- Mortgage Refinance in Talent
- Debt Relief in Talent
- Home Equity Loans in Talent
- 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