The typical owner-occupied home in Lane County is worth about $430,600, 10% below the Oregon median of $477,600 and 29% above the national median of $332,700. Owners pay a median $3,536 a year in property taxes, about 0.82% of their home's value, close to the Oregon rate of 0.81%. The median household earns $71,544 a year, so the median home costs 6.0 times the median income (5.8 times for Oregon). 60% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Lane County at a glance
| Lane County | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $430,600 | $477,600 | $332,700 |
| Median property tax paid per year | $3,536 | $3,876 | $3,119 |
| Property tax as a share of value | 0.82% | 0.81% | 0.94% |
| Median household income | $71,544 | $83,011 | $80,734 |
| Homes lived in by their owners | 60% | 63% | 65% |
| Owner homes with a mortgage | 61% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,949 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 23.4% | 22.4% | 21.0% |
| Median rent | $1,355 | $1,525 | $1,413 |
| Rent as a share of renters' income | 32.9% | 31.3% | 30.6% |
| Median year homes were built | 1977 | 1981 | 1980 |
| Vacant homes | 5.5% | 7.5% | 10.1% |
| Population | 384,207 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Lane County
At this week's average 30-year rate of 7.11%, buying the median Lane County home of $430,600 with 20% down costs about $2,791 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,508, 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 $119,614 for the 20%-down payment. That payment is 47% of the median Lane County household income of $71,544; at that income and 20% down, the 28% guideline points to a home of about $258,000.
The median rent here is $1,355 a month, so owning the median home costs about $1,436 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $86,120 |
|---|---|
| Loan amount | $344,480 |
| Principal and interest | $2,317 |
| Property taxes (0.82% a year) | $294 |
| Homeowners insurance (our estimate, 0.5% a year) | $179 |
| PMI | $0 |
| Total per month | $2,791 |
Change the numbers in the calculator
| Down payment | $15,071 |
|---|---|
| Loan amount | $422,801 |
| Principal and interest | $2,844 |
| Property taxes (0.82% a year) | $294 |
| Homeowners insurance (our estimate, 0.5% a year) | $179 |
| FHA mortgage insurance | $190 |
| Total per month | $3,508 |
Change the numbers in the calculator
Questions about home buying in Lane County
What is the median home value in Lane County?
About $430,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lane County?
Homeowners pay a median $3,536 a year, which is about 0.82% 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 Lane County?
For the median home with 20% down at 7.11%, the payment is about $2,791 a month. Keeping that under 28% of gross income takes about $119,614 a year.
More about Lane County
- Mortgage Refinance in Lane County
- Debt Relief in Lane County
- Home Equity Loans in Lane 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