The typical owner-occupied home in Garibaldi is worth about $344,700, 28% below the Oregon median of $477,600 and 4% above the national median of $332,700. Owners pay a median $2,573 a year in property taxes, about 0.75% of their home's value, lower than the Oregon rate of 0.81%. The median household earns $53,828 a year, so the median home costs 6.4 times the median income (5.8 times for Oregon). 71% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Garibaldi at a glance
| Garibaldi | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $344,700 | $477,600 | $332,700 |
| Median property tax paid per year | $2,573 | $3,876 | $3,119 |
| Property tax as a share of value | 0.75% | 0.81% | 0.94% |
| Median household income | $53,828 | $83,011 | $80,734 |
| Homes lived in by their owners | 71% | 63% | 65% |
| Owner homes with a mortgage | 43% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,483 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 31.1% | 22.4% | 21.0% |
| Median rent | $1,109 | $1,525 | $1,413 |
| Rent as a share of renters' income | 29.8% | 31.3% | 30.6% |
| Median year homes were built | 1969 | 1981 | 1980 |
| Vacant homes | 25.4% | 7.5% | 10.1% |
| Population | 796 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Garibaldi
At this week's average 30-year rate of 7.11%, buying the median Garibaldi home of $344,700 with 20% down costs about $2,214 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,788, 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 $94,891 for the 20%-down payment. That payment is 49% of the median Garibaldi household income of $53,828; at that income and 20% down, the 28% guideline points to a home of about $196,000.
The median rent here is $1,109 a month, so owning the median home costs about $1,105 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $68,940 |
|---|---|
| Loan amount | $275,760 |
| Principal and interest | $1,855 |
| Property taxes (0.75% a year) | $215 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| PMI | $0 |
| Total per month | $2,214 |
Change the numbers in the calculator
| Down payment | $12,064 |
|---|---|
| Loan amount | $338,457 |
| Principal and interest | $2,277 |
| Property taxes (0.75% a year) | $215 |
| Homeowners insurance (our estimate, 0.5% a year) | $144 |
| FHA mortgage insurance | $152 |
| Total per month | $2,788 |
Change the numbers in the calculator
Questions about home buying in Garibaldi
What is the median home value in Garibaldi?
About $344,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Garibaldi?
Homeowners pay a median $2,573 a year, which is about 0.75% 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 Garibaldi?
For the median home with 20% down at 7.11%, the payment is about $2,214 a month. Keeping that under 28% of gross income takes about $94,891 a year.
More about Garibaldi
- Mortgage Refinance in Garibaldi
- Debt Relief in Garibaldi
- Home Equity Loans in Garibaldi
- 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