The typical owner-occupied home in Pendleton is worth about $287,100, 40% below the Oregon median of $477,600 and 14% below the national median of $332,700. Owners pay a median $2,871 a year in property taxes, about 1.00% of their home's value, higher than the Oregon rate of 0.81%. The median household earns $66,563 a year, so the median home costs 4.3 times the median income (5.8 times for Oregon). 57% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Pendleton at a glance
| Pendleton | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $287,100 | $477,600 | $332,700 |
| Median property tax paid per year | $2,871 | $3,876 | $3,119 |
| Property tax as a share of value | 1.00% | 0.81% | 0.94% |
| Median household income | $66,563 | $83,011 | $80,734 |
| Homes lived in by their owners | 57% | 63% | 65% |
| Owner homes with a mortgage | 64% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,652 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 19.2% | 22.4% | 21.0% |
| Median rent | $956 | $1,525 | $1,413 |
| Rent as a share of renters' income | 30.2% | 31.3% | 30.6% |
| Median year homes were built | 1963 | 1981 | 1980 |
| Vacant homes | 10.8% | 7.5% | 10.1% |
| Population | 16,950 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Pendleton
At this week's average 30-year rate of 7.11%, buying the median Pendleton home of $287,100 with 20% down costs about $1,904 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,382, 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 $81,598 for the 20%-down payment. That payment is 34% of the median Pendleton household income of $66,563; at that income and 20% down, the 28% guideline points to a home of about $234,000.
The median rent here is $956 a month, so owning the median home costs about $948 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $57,420 |
|---|---|
| Loan amount | $229,680 |
| Principal and interest | $1,545 |
| Property taxes (1.00% a year) | $239 |
| Homeowners insurance (our estimate, 0.5% a year) | $120 |
| PMI | $0 |
| Total per month | $1,904 |
Change the numbers in the calculator
| Down payment | $10,048 |
|---|---|
| Loan amount | $281,900 |
| Principal and interest | $1,896 |
| Property taxes (1.00% a year) | $239 |
| Homeowners insurance (our estimate, 0.5% a year) | $120 |
| FHA mortgage insurance | $127 |
| Total per month | $2,382 |
Change the numbers in the calculator
Questions about home buying in Pendleton
What is the median home value in Pendleton?
About $287,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Pendleton?
Homeowners pay a median $2,871 a year, which is about 1.00% 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 Pendleton?
For the median home with 20% down at 7.11%, the payment is about $1,904 a month. Keeping that under 28% of gross income takes about $81,598 a year.
More about Pendleton
- Mortgage Refinance in Pendleton
- Debt Relief in Pendleton
- Home Equity Loans in Pendleton
- 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