The typical owner-occupied home in Carlton is worth about $420,600, 12% below the Oregon median of $477,600 and 26% above the national median of $332,700. Owners pay a median $3,712 a year in property taxes, about 0.88% of their home's value, higher than the Oregon rate of 0.81%. The median household earns $98,393 a year, so the median home costs 4.3 times the median income (5.8 times for Oregon). 75% of occupied homes here are lived in by their owners, and 70% of those owners still have a mortgage.
Carlton at a glance
| Carlton | Oregon | U.S. | |
|---|---|---|---|
| Median home value | $420,600 | $477,600 | $332,700 |
| Median property tax paid per year | $3,712 | $3,876 | $3,119 |
| Property tax as a share of value | 0.88% | 0.81% | 0.94% |
| Median household income | $98,393 | $83,011 | $80,734 |
| Homes lived in by their owners | 75% | 63% | 65% |
| Owner homes with a mortgage | 70% | 65% | 61% |
| Median monthly costs, owners with a mortgage | $2,282 | $2,157 | $1,963 |
| Those costs as a share of the owners' income | 27.1% | 22.4% | 21.0% |
| Median rent | $1,839 | $1,525 | $1,413 |
| Rent as a share of renters' income | 20.6% | 31.3% | 30.6% |
| Median year homes were built | 1996 | 1981 | 1980 |
| Vacant homes | 6.9% | 7.5% | 10.1% |
| Population | 2,759 | 4,254,293 | 334,922,499 |
What a typical home costs per month in Carlton
At this week's average 30-year rate of 7.11%, buying the median Carlton home of $420,600 with 20% down costs about $2,747 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,448, 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 $117,738 for the 20%-down payment. That payment is 34% of the median Carlton household income of $98,393; at that income and 20% down, the 28% guideline points to a home of about $351,000.
The median rent here is $1,839 a month, so owning the median home costs about $908 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $84,120 |
|---|---|
| Loan amount | $336,480 |
| Principal and interest | $2,264 |
| Property taxes (0.88% a year) | $308 |
| Homeowners insurance (our estimate, 0.5% a year) | $175 |
| PMI | $0 |
| Total per month | $2,747 |
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| Down payment | $14,721 |
|---|---|
| Loan amount | $412,982 |
| Principal and interest | $2,778 |
| Property taxes (0.88% a year) | $308 |
| Homeowners insurance (our estimate, 0.5% a year) | $175 |
| FHA mortgage insurance | $186 |
| Total per month | $3,448 |
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Questions about home buying in Carlton
What is the median home value in Carlton?
About $420,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Carlton?
Homeowners pay a median $3,712 a year, which is about 0.88% 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 Carlton?
For the median home with 20% down at 7.11%, the payment is about $2,747 a month. Keeping that under 28% of gross income takes about $117,738 a year.
More about Carlton
- Mortgage Refinance in Carlton
- Debt Relief in Carlton
- Home Equity Loans in Carlton
- 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