The typical owner-occupied home in Lowell is worth about $406,600, 15% below the Oregon median of $477,600 and 22% above the national median of $332,700. Owners pay a median $2,579 a year in property taxes, about 0.63% of their home's value, lower than the Oregon rate of 0.81%. The median household earns $99,440 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 75% of those owners still have a mortgage.
Lowell at a glance
| Lowell | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $406,600 | $477,600 | $332,700 |
| Median property tax paid per year | $2,579 | $3,876 | $3,119 |
| Property tax as a share of value | 0.63% | 0.81% | 0.94% |
| Median household income | $99,440 | $83,011 | $80,734 |
| Homes lived in by their owners | 84% | 63% | 65% |
| Owner homes with a mortgage | 75% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,683 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 22.9% | 22.4% | 21.0% |
| Median rent | $1,125 | $1,525 | $1,413 |
| Rent as a share of renters' income | 39.6% | 31.3% | 30.6% |
| Median year homes were built | 1993 | 1981 | 1980 |
| Vacant homes | 6.5% | 7.5% | 10.1% |
| Population | 1,228 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Lowell
At this week's average 30-year rate of 7.11%, buying the median Lowell home of $406,600 with 20% down costs about $2,571 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,248, 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 $110,188 for the 20%-down payment. That payment is 31% of the median Lowell household income of $99,440; at that income and 20% down, the 28% guideline points to a home of about $367,000.
The median rent here is $1,125 a month, so owning the median home costs about $1,446 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $81,320 |
|---|---|
| Loan amount | $325,280 |
| Principal and interest | $2,188 |
| Property taxes (0.63% a year) | $213 |
| Homeowners insurance (our estimate, 0.5% a year) | $169 |
| PMI | $0 |
| Total per month | $2,571 |
Change the numbers in the calculator
| Down payment | $14,231 |
|---|---|
| Loan amount | $399,235 |
| Principal and interest | $2,686 |
| Property taxes (0.63% a year) | $213 |
| Homeowners insurance (our estimate, 0.5% a year) | $169 |
| FHA mortgage insurance | $180 |
| Total per month | $3,248 |
Change the numbers in the calculator
Questions about home buying in Lowell
What is the median home value in Lowell?
About $406,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lowell?
Homeowners pay a median $2,579 a year, which is about 0.63% 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 Lowell?
For the median home with 20% down at 7.11%, the payment is about $2,571 a month. Keeping that under 28% of gross income takes about $110,188 a year.
More about Lowell
- Mortgage Refinance in Lowell
- Debt Relief in Lowell
- Home Equity Loans in Lowell
- 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