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Oregon home affordability calculator

The median Oregon household earns about $80,000 a year, and the median home costs about $490,000 — 6.1 times income. With 10% down, no other debts, and the current 7.32% average 30-year rate (Freddie Mac, week of October 22, 2026), standard lending ratios support a home of about $256,590 , roughly $233,410 short of the median. The calculator is pre-filled with those figures — replace them with yours.

$256,590 max home price

Max loan amount
$207,590
Housing payment budget
$1,876
P&I budget
$1,426
Bound by
front-end ratio

Uses the 28% front-end / 36% back-end DTI guidelines. Lenders vary.

How it works

Lenders cap the full housing payment — principal, interest, property tax, insurance — near 28% of gross monthly income, and all debt payments near 36%. In Oregon, property tax at about 0.93% of value plus roughly $900 a year of homeowners insurance come to about $455 a month on the median home, and that comes out of the 28% budget before anything goes to the loan. On the median income the housing budget is about $1,876 a month, leaving $1,426 for principal and interest.

Homes in Oregon spend about 45 days on the market on average. Oregon has no sales tax, and Measure 50 caps annual growth in a home's assessed value, so long-time owners often pay tax on far less than market value. Insurance is among the cheapest in the nation.

Frequently asked questions

How much house can I afford in Oregon on the median income?
On Oregon's median household income of about $80,000, with no other debts, 10% down, and a 7.32% 30-year rate, the 28% housing guideline supports a home of roughly $256,590. That's about $233,410 below the $490,000 median home price.
What income do I need to buy a median-priced home in Oregon?
Oregon's median home costs about $490,000 — 6.1 times the median household income. Lenders' 28% front-end rule means the full payment, including about $455 a month in property tax and insurance, needs to fit inside 28% of gross monthly income. Try the calculator with your own income and down payment.
How much do property tax and insurance add in Oregon?
On the median home, Oregon's 0.93% effective property tax rate and about $900 a year in homeowners insurance come to roughly $455 a month — money that comes out of the housing budget before any goes to principal and interest.
Does Oregon's income tax affect how much house I can afford?
Not in the lender's math, which uses gross income. It does affect what's comfortable: Oregon's income tax tops out at 9.90%, so take-home pay is smaller than gross by more than federal tax alone.

Learn more: How much house can I afford?

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