The typical home in Portland, OR is worth about $540,000.
With 20% down that's a loan near $432,000 — the calculator
is pre-filled with that figure. Price growth has stalled after a long boom, and the market is roughly flat year over year. Oregon's Measure 50 ties assessed value growth to about 3% a year, so a long-held home is often taxed well below its market price.
$2,804.82 / month
Total interest
$577,730
Total paid
$1,009,730
Payoff
30.0 years
How much you need to earn
Portland, OR's median household income is about
$85,000 a year. Under standard 28/36
lending rules that supports a home price around
$339,545 with 20% down —
below the $540,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Portland, OR is about $1,700 a month, so owning the median home costs roughly
$1,585 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Portland, OR?
On the metro's roughly $540,000 typical home with 20% down, the loan is about $432,000. Principal and interest run near $2,805 a month at today's rate, and Portland, OR's property tax plus insurance add about $480, for a full payment near $3,285.
Can I afford a home in Portland, OR on the median income?
The median household income is about $85,000 a year. Under standard 28/36 lending rules that supports a home price around $339,545 with 20% down — below the $540,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Portland, OR?
Typical asking rent is about $1,700 a month. The full owner payment on a median home is near $3,285, so owning costs roughly $1,585 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Portland, OR?
The effective property tax rate in the core county is about 0.90% of market value — roughly $4,860 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Portland, OR rising or falling?
Home values are roughly flat over the past year. Price growth has stalled after a long boom, and the market is roughly flat year over year. Oregon's Measure 50 ties assessed value growth to about 3% a year, so a long-held home is often taxed well below its market price.