The typical owner-occupied home in Oakridge is worth about $240,200, 50% below the Oregon median of $477,600 and 28% below the national median of $332,700. Owners pay a median $2,351 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 $40,297 a year, so the median home costs 6.0 times the median income (5.8 times for Oregon). 68% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Oakridge at a glance
| Oakridge | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $240,200 | $477,600 | $332,700 |
| Median property tax paid per year | $2,351 | $3,876 | $3,119 |
| Property tax as a share of value | 0.98% | 0.81% | 0.94% |
| Median household income | $40,297 | $83,011 | $80,734 |
| Homes lived in by their owners | 68% | 63% | 65% |
| Owner homes with a mortgage | 58% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,450 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 33.3% | 22.4% | 21.0% |
| Median rent | $1,017 | $1,525 | $1,413 |
| Rent as a share of renters' income | 45.9% | 31.3% | 30.6% |
| Median year homes were built | 1961 | 1981 | 1980 |
| Vacant homes | 11.7% | 7.5% | 10.1% |
| Population | 3,184 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Oakridge
At this week's average 30-year rate of 7.11%, buying the median Oakridge home of $240,200 with 20% down costs about $1,589 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,989, 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 $68,097 for the 20%-down payment. That payment is 47% of the median Oakridge household income of $40,297; at that income and 20% down, the 28% guideline points to a home of about $142,000.
The median rent here is $1,017 a month, so owning the median home costs about $572 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,040 |
|---|---|
| Loan amount | $192,160 |
| Principal and interest | $1,293 |
| Property taxes (0.98% a year) | $196 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| PMI | $0 |
| Total per month | $1,589 |
Change the numbers in the calculator
| Down payment | $8,407 |
|---|---|
| Loan amount | $235,849 |
| Principal and interest | $1,587 |
| Property taxes (0.98% a year) | $196 |
| Homeowners insurance (our estimate, 0.5% a year) | $100 |
| FHA mortgage insurance | $106 |
| Total per month | $1,989 |
Change the numbers in the calculator
Questions about home buying in Oakridge
What is the median home value in Oakridge?
About $240,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oakridge?
Homeowners pay a median $2,351 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 Oakridge?
For the median home with 20% down at 7.11%, the payment is about $1,589 a month. Keeping that under 28% of gross income takes about $68,097 a year.
More about Oakridge
- Mortgage Refinance in Oakridge
- Debt Relief in Oakridge
- Home Equity Loans in Oakridge
- 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