The typical owner-occupied home in Manzanita is worth about $777,500, 63% above the Oregon median of $477,600 and 2.3 times the national median of $332,700. Owners pay a median $3,828 a year in property taxes, about 0.49% of their home's value, lower than the Oregon rate of 0.81%. The median household earns $105,577 a year, so the median home costs 7.4 times the median income (5.8 times for Oregon). 91% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Manzanita at a glance
| Manzanita | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $777,500 | $477,600 | $332,700 |
| Median property tax paid per year | $3,828 | $3,876 | $3,119 |
| Property tax as a share of value | 0.49% | 0.81% | 0.94% |
| Median household income | $105,577 | $83,011 | $80,734 |
| Homes lived in by their owners | 91% | 63% | 65% |
| Owner homes with a mortgage | 47% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,835 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 18.0% | 22.4% | 21.0% |
| Median rent | – | $1,525 | $1,413 |
| Median year homes were built | 1985 | 1981 | 1980 |
| Vacant homes | 78.4% | 7.5% | 10.1% |
| Population | 568 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Manzanita
At this week's average 30-year rate of 7.11%, buying the median Manzanita home of $777,500 with 20% down costs about $4,826 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,246, 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 $206,814 for the 20%-down payment. That payment is 55% of the median Manzanita household income of $105,577; at that income and 20% down, the 28% guideline points to a home of about $397,000.
| Down payment | $155,500 |
|---|---|
| Loan amount | $622,000 |
| Principal and interest | $4,184 |
| Property taxes (0.49% a year) | $317 |
| Homeowners insurance (our estimate, 0.5% a year) | $324 |
| PMI | $0 |
| Total per month | $4,826 |
Change the numbers in the calculator
| Down payment | $27,212 |
|---|---|
| Loan amount | $763,418 |
| Principal and interest | $5,136 |
| Property taxes (0.49% a year) | $317 |
| Homeowners insurance (our estimate, 0.5% a year) | $324 |
| FHA mortgage insurance | $469 |
| Total per month | $6,246 |
Change the numbers in the calculator
Questions about home buying in Manzanita
What is the median home value in Manzanita?
About $777,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Manzanita?
Homeowners pay a median $3,828 a year, which is about 0.49% 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 Manzanita?
For the median home with 20% down at 7.11%, the payment is about $4,826 a month. Keeping that under 28% of gross income takes about $206,814 a year.
More about Manzanita
- Mortgage Refinance in Manzanita
- Debt Relief in Manzanita
- Home Equity Loans in Manzanita
- 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