The typical owner-occupied home in Gervais is worth about $371,400, 22% below the Oregon median of $477,600 and 12% above the national median of $332,700. Owners pay a median $3,108 a year in property taxes, about 0.84% of their home's value, close to the Oregon rate of 0.81%. The median household earns $83,043 a year, so the median home costs 4.5 times the median income (5.8 times for Oregon). 91% of occupied homes here are lived in by their owners, and 77% of those owners still have a mortgage.
Gervais at a glance
| Gervais | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $371,400 | $477,600 | $332,700 |
| Median property tax paid per year | $3,108 | $3,876 | $3,119 |
| Property tax as a share of value | 0.84% | 0.81% | 0.94% |
| Median household income | $83,043 | $83,011 | $80,734 |
| Homes lived in by their owners | 91% | 63% | 65% |
| Owner homes with a mortgage | 77% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,763 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 28.5% | 22.4% | 21.0% |
| Median rent | $1,893 | $1,525 | $1,413 |
| Rent as a share of renters' income | 49.2% | 31.3% | 30.6% |
| Median year homes were built | 1999 | 1981 | 1980 |
| Vacant homes | 2.0% | 7.5% | 10.1% |
| Population | 2,581 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Gervais
At this week's average 30-year rate of 7.11%, buying the median Gervais home of $371,400 with 20% down costs about $2,413 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,032, 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 $103,435 for the 20%-down payment. That payment is 35% of the median Gervais household income of $83,043; at that income and 20% down, the 28% guideline points to a home of about $298,000.
The median rent here is $1,893 a month, so owning the median home costs about $520 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $74,280 |
|---|---|
| Loan amount | $297,120 |
| Principal and interest | $1,999 |
| Property taxes (0.84% a year) | $260 |
| Homeowners insurance (our estimate, 0.5% a year) | $155 |
| PMI | $0 |
| Total per month | $2,413 |
Change the numbers in the calculator
| Down payment | $12,999 |
|---|---|
| Loan amount | $364,673 |
| Principal and interest | $2,453 |
| Property taxes (0.84% a year) | $260 |
| Homeowners insurance (our estimate, 0.5% a year) | $155 |
| FHA mortgage insurance | $164 |
| Total per month | $3,032 |
Change the numbers in the calculator
Questions about home buying in Gervais
What is the median home value in Gervais?
About $371,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gervais?
Homeowners pay a median $3,108 a year, which is about 0.84% 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 Gervais?
For the median home with 20% down at 7.11%, the payment is about $2,413 a month. Keeping that under 28% of gross income takes about $103,435 a year.
More about Gervais
- Mortgage Refinance in Gervais
- Debt Relief in Gervais
- Home Equity Loans in Gervais
- 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