The typical owner-occupied home in Grass Valley is worth about $109,400, 77% below the Oregon median of $477,600 and 67% below the national median of $332,700. Owners pay a median $2,232 a year in property taxes, about 2.04% of their home's value, higher than the Oregon rate of 0.81%. The median household earns $62,366 a year, so the median home costs 1.8 times the median income (5.8 times for Oregon). 63% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Grass Valley at a glance
| Grass Valley | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $109,400 | $477,600 | $332,700 |
| Median property tax paid per year | $2,232 | $3,876 | $3,119 |
| Property tax as a share of value | 2.04% | 0.81% | 0.94% |
| Median household income | $62,366 | $83,011 | $80,734 |
| Homes lived in by their owners | 63% | 63% | 65% |
| Owner homes with a mortgage | 46% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,852 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 19.5% | 22.4% | 21.0% |
| Median rent | $337 | $1,525 | $1,413 |
| Rent as a share of renters' income | 9.0% | 31.3% | 30.6% |
| Median year homes were built | 1976 | 1981 | 1980 |
| Vacant homes | 24.6% | 7.5% | 10.1% |
| Population | 261 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Grass Valley
At this week's average 30-year rate of 7.11%, buying the median Grass Valley home of $109,400 with 20% down costs about $820 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,003, 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 $35,156 for the 20%-down payment. That payment is 16% of the median Grass Valley household income of $62,366; at that income and 20% down, the 28% guideline points to a home of about $194,000.
The median rent here is $337 a month, so owning the median home costs about $483 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $21,880 |
|---|---|
| Loan amount | $87,520 |
| Principal and interest | $589 |
| Property taxes (2.04% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $820 |
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| Down payment | $3,829 |
|---|---|
| Loan amount | $107,418 |
| Principal and interest | $723 |
| Property taxes (2.04% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $48 |
| Total per month | $1,003 |
Change the numbers in the calculator
Questions about home buying in Grass Valley
What is the median home value in Grass Valley?
About $109,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Grass Valley?
Homeowners pay a median $2,232 a year, which is about 2.04% 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 Grass Valley?
For the median home with 20% down at 7.11%, the payment is about $820 a month. Keeping that under 28% of gross income takes about $35,156 a year.
More about Grass Valley
- Mortgage Refinance in Grass Valley
- Debt Relief in Grass Valley
- Home Equity Loans in Grass Valley
- 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