The typical owner-occupied home in Hermiston is worth about $266,700, 44% below the Oregon median of $477,600 and 20% below the national median of $332,700. Owners pay a median $3,317 a year in property taxes, about 1.24% of their home's value, higher than the Oregon rate of 0.81%. The median household earns $66,998 a year, so the median home costs 4.0 times the median income (5.8 times for Oregon). 62% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Hermiston at a glance
| Hermiston | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $266,700 | $477,600 | $332,700 |
| Median property tax paid per year | $3,317 | $3,876 | $3,119 |
| Property tax as a share of value | 1.24% | 0.81% | 0.94% |
| Median household income | $66,998 | $83,011 | $80,734 |
| Homes lived in by their owners | 62% | 63% | 65% |
| Owner homes with a mortgage | 66% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,616 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 21.9% | 22.4% | 21.0% |
| Median rent | $1,088 | $1,525 | $1,413 |
| Rent as a share of renters' income | 29.8% | 31.3% | 30.6% |
| Median year homes were built | 1986 | 1981 | 1980 |
| Vacant homes | 6.4% | 7.5% | 10.1% |
| Population | 19,546 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Hermiston
At this week's average 30-year rate of 7.11%, buying the median Hermiston home of $266,700 with 20% down costs about $1,822 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,266, 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 $78,086 for the 20%-down payment. That payment is 33% of the median Hermiston household income of $66,998; at that income and 20% down, the 28% guideline points to a home of about $229,000.
The median rent here is $1,088 a month, so owning the median home costs about $734 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $53,340 |
|---|---|
| Loan amount | $213,360 |
| Principal and interest | $1,435 |
| Property taxes (1.24% a year) | $276 |
| Homeowners insurance (our estimate, 0.5% a year) | $111 |
| PMI | $0 |
| Total per month | $1,822 |
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| Down payment | $9,334 |
|---|---|
| Loan amount | $261,869 |
| Principal and interest | $1,762 |
| Property taxes (1.24% a year) | $276 |
| Homeowners insurance (our estimate, 0.5% a year) | $111 |
| FHA mortgage insurance | $118 |
| Total per month | $2,266 |
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Questions about home buying in Hermiston
What is the median home value in Hermiston?
About $266,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hermiston?
Homeowners pay a median $3,317 a year, which is about 1.24% 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 Hermiston?
For the median home with 20% down at 7.11%, the payment is about $1,822 a month. Keeping that under 28% of gross income takes about $78,086 a year.
More about Hermiston
- Mortgage Refinance in Hermiston
- Debt Relief in Hermiston
- Home Equity Loans in Hermiston
- 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