The typical owner-occupied home in Depoe Bay is worth about $377,700, 21% below the Oregon median of $477,600 and 14% above the national median of $332,700. Owners pay a median $2,860 a year in property taxes, about 0.76% of their home's value, lower than the Oregon rate of 0.81%. The median household earns $85,417 a year, so the median home costs 4.4 times the median income (5.8 times for Oregon). 81% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Depoe Bay at a glance
| Depoe Bay | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $377,700 | $477,600 | $332,700 |
| Median property tax paid per year | $2,860 | $3,876 | $3,119 |
| Property tax as a share of value | 0.76% | 0.81% | 0.94% |
| Median household income | $85,417 | $83,011 | $80,734 |
| Homes lived in by their owners | 81% | 63% | 65% |
| Owner homes with a mortgage | 66% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,898 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 24.0% | 22.4% | 21.0% |
| Median rent | $1,622 | $1,525 | $1,413 |
| Rent as a share of renters' income | 29.2% | 31.3% | 30.6% |
| Median year homes were built | 1990 | 1981 | 1980 |
| Vacant homes | 37.5% | 7.5% | 10.1% |
| Population | 1,782 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Depoe Bay
At this week's average 30-year rate of 7.11%, buying the median Depoe Bay home of $377,700 with 20% down costs about $2,429 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,058, 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 $104,110 for the 20%-down payment. That payment is 34% of the median Depoe Bay household income of $85,417; at that income and 20% down, the 28% guideline points to a home of about $310,000.
The median rent here is $1,622 a month, so owning the median home costs about $807 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $75,540 |
|---|---|
| Loan amount | $302,160 |
| Principal and interest | $2,033 |
| Property taxes (0.76% a year) | $239 |
| Homeowners insurance (our estimate, 0.5% a year) | $157 |
| PMI | $0 |
| Total per month | $2,429 |
Change the numbers in the calculator
| Down payment | $13,220 |
|---|---|
| Loan amount | $370,859 |
| Principal and interest | $2,495 |
| Property taxes (0.76% a year) | $239 |
| Homeowners insurance (our estimate, 0.5% a year) | $157 |
| FHA mortgage insurance | $167 |
| Total per month | $3,058 |
Change the numbers in the calculator
Questions about home buying in Depoe Bay
What is the median home value in Depoe Bay?
About $377,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Depoe Bay?
Homeowners pay a median $2,860 a year, which is about 0.76% 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 Depoe Bay?
For the median home with 20% down at 7.11%, the payment is about $2,429 a month. Keeping that under 28% of gross income takes about $104,110 a year.
More about Depoe Bay
- Mortgage Refinance in Depoe Bay
- Debt Relief in Depoe Bay
- Home Equity Loans in Depoe Bay
- 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