The typical owner-occupied home in Wallowa County is worth about $394,800, 17% below the Oregon median of $477,600 and 19% above the national median of $332,700. Owners pay a median $2,270 a year in property taxes, about 0.57% of their home's value, lower than the Oregon rate of 0.81%. The median household earns $67,112 a year, so the median home costs 5.9 times the median income (5.8 times for Oregon). 72% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Wallowa County at a glance
| Wallowa County | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $394,800 | $477,600 | $332,700 |
| Median property tax paid per year | $2,270 | $3,876 | $3,119 |
| Property tax as a share of value | 0.57% | 0.81% | 0.94% |
| Median household income | $67,112 | $83,011 | $80,734 |
| Homes lived in by their owners | 72% | 63% | 65% |
| Owner homes with a mortgage | 45% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $1,656 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 22.8% | 22.4% | 21.0% |
| Median rent | $981 | $1,525 | $1,413 |
| Rent as a share of renters' income | 27.5% | 31.3% | 30.6% |
| Median year homes were built | 1973 | 1981 | 1980 |
| Vacant homes | 22.1% | 7.5% | 10.1% |
| Population | 7,553 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Wallowa County
At this week's average 30-year rate of 7.11%, buying the median Wallowa County home of $394,800 with 20% down costs about $2,477 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,134, 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 $106,145 for the 20%-down payment. That payment is 44% of the median Wallowa County household income of $67,112; at that income and 20% down, the 28% guideline points to a home of about $250,000.
The median rent here is $981 a month, so owning the median home costs about $1,496 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $78,960 |
|---|---|
| Loan amount | $315,840 |
| Principal and interest | $2,125 |
| Property taxes (0.57% a year) | $188 |
| Homeowners insurance (our estimate, 0.5% a year) | $164 |
| PMI | $0 |
| Total per month | $2,477 |
Change the numbers in the calculator
| Down payment | $13,818 |
|---|---|
| Loan amount | $387,649 |
| Principal and interest | $2,608 |
| Property taxes (0.57% a year) | $188 |
| Homeowners insurance (our estimate, 0.5% a year) | $164 |
| FHA mortgage insurance | $175 |
| Total per month | $3,134 |
Change the numbers in the calculator
Questions about home buying in Wallowa County
What is the median home value in Wallowa County?
About $394,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wallowa County?
Homeowners pay a median $2,270 a year, which is about 0.57% 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 Wallowa County?
For the median home with 20% down at 7.11%, the payment is about $2,477 a month. Keeping that under 28% of gross income takes about $106,145 a year.
More about Wallowa County
- Mortgage Refinance in Wallowa County
- Debt Relief in Wallowa County
- Home Equity Loans in Wallowa County
- 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