The typical owner-occupied home in Cottage Grove is worth about $346,600, 27% below the Oregon median of $477,600 and 4% above the national median of $332,700. Owners pay a median $3,381 a year in property taxes, about 0.98% of their home's value, higher than the Oregon rate of 0.81%. The median household earns $80,875 a year, so the median home costs 4.3 times the median income (5.8 times for Oregon). 59% of occupied homes here are lived in by their owners, and 72% of those owners still have a mortgage.
Cottage Grove at a glance
| Cottage Grove | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $346,600 | $477,600 | $332,700 |
| Median property tax paid per year | $3,381 | $3,876 | $3,119 |
| Property tax as a share of value | 0.98% | 0.81% | 0.94% |
| Median household income | $80,875 | $83,011 | $80,734 |
| Homes lived in by their owners | 59% | 63% | 65% |
| Owner homes with a mortgage | 72% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,688 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 24.1% | 22.4% | 21.0% |
| Median rent | $1,254 | $1,525 | $1,413 |
| Rent as a share of renters' income | 25.0% | 31.3% | 30.6% |
| Median year homes were built | 1977 | 1981 | 1980 |
| Vacant homes | 5.7% | 7.5% | 10.1% |
| Population | 10,698 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Cottage Grove
At this week's average 30-year rate of 7.11%, buying the median Cottage Grove home of $346,600 with 20% down costs about $2,293 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,870, 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 $98,261 for the 20%-down payment. That payment is 34% of the median Cottage Grove household income of $80,875; at that income and 20% down, the 28% guideline points to a home of about $285,000.
The median rent here is $1,254 a month, so owning the median home costs about $1,039 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $69,320 |
|---|---|
| Loan amount | $277,280 |
| Principal and interest | $1,865 |
| Property taxes (0.98% a year) | $283 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| PMI | $0 |
| Total per month | $2,293 |
Change the numbers in the calculator
| Down payment | $12,131 |
|---|---|
| Loan amount | $340,322 |
| Principal and interest | $2,289 |
| Property taxes (0.98% a year) | $283 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| FHA mortgage insurance | $153 |
| Total per month | $2,870 |
Change the numbers in the calculator
Questions about home buying in Cottage Grove
What is the median home value in Cottage Grove?
About $346,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cottage Grove?
Homeowners pay a median $3,381 a year, which is about 0.98% 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 Cottage Grove?
For the median home with 20% down at 7.11%, the payment is about $2,293 a month. Keeping that under 28% of gross income takes about $98,261 a year.
More about Cottage Grove
- Mortgage Refinance in Cottage Grove
- Debt Relief in Cottage Grove
- Home Equity Loans in Cottage Grove
- 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