The typical owner-occupied home in Hebo is worth about $241,900, 49% below the Oregon median of $477,600 and 27% below the national median of $332,700. Owners pay a median $2,297 a year in property taxes, about 0.95% of their home's value, higher than the Oregon rate of 0.81%. 52% of occupied homes here are lived in by their owners, and 100% of those owners still have a mortgage.
Hebo at a glance
| Hebo | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $241,900 | $477,600 | $332,700 |
| Median property tax paid per year | $2,297 | $3,876 | $3,119 |
| Property tax as a share of value | 0.95% | 0.81% | 0.94% |
| Median household income | – | $83,011 | $80,734 |
| Homes lived in by their owners | 52% | 63% | 65% |
| Owner homes with a mortgage | 100% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,824 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 51.0% | 22.4% | 21.0% |
| Median rent | – | $1,525 | $1,413 |
| Median year homes were built | 1959 | 1981 | 1980 |
| Vacant homes | 0.0% | 7.5% | 10.1% |
| Population | 311 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Hebo
At this week's average 30-year rate of 7.11%, buying the median Hebo home of $241,900 with 20% down costs about $1,594 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,997, 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 $68,319 for the 20%-down payment.
| Down payment | $48,380 |
|---|---|
| Loan amount | $193,520 |
| Principal and interest | $1,302 |
| Property taxes (0.95% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| PMI | $0 |
| Total per month | $1,594 |
Change the numbers in the calculator
| Down payment | $8,466 |
|---|---|
| Loan amount | $237,519 |
| Principal and interest | $1,598 |
| Property taxes (0.95% a year) | $192 |
| Homeowners insurance (our estimate, 0.5% a year) | $101 |
| FHA mortgage insurance | $107 |
| Total per month | $1,997 |
Change the numbers in the calculator
Questions about home buying in Hebo
What is the median home value in Hebo?
About $241,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hebo?
Homeowners pay a median $2,297 a year, which is about 0.95% 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 Hebo?
For the median home with 20% down at 7.11%, the payment is about $1,594 a month. Keeping that under 28% of gross income takes about $68,319 a year.
More about Hebo
- Mortgage Refinance in Hebo
- Debt Relief in Hebo
- Home Equity Loans in Hebo
- 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