Oregon · OR

Oregon Mortgage Calculator

Pre-filled for Oregon: median home price $480,000, average property tax rate 0.93%. Adjust any slider to make it yours.

Oregon housing at a glance

Median home price: $480,000
Effective property tax rate: 0.93% / yr
Annual property tax (median home): $4,464
Est. monthly tax escrow: $372
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Oregon

The median home price in Oregon is around $480,000 and the effective property tax rate averages 0.93%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in Oregon is $96,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Transfer tax & closing costs in Oregon

Oregon has no real estate transfer tax statewide — only Washington County charges one ($1 per $1,000).

Beyond transfer taxes, total closing costs in Oregontypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $9,600–$24,000.

Foreclosure & legal context

Foreclosure type: Non-judicial (trustee sale)
Security instrument: Deed of Trust
Deficiency liability: Non-recourse (purchase-money)

Oregon's trust deed statute makes most non-judicial residential foreclosures non-recourse — lenders waive the deficiency by choosing trustee sale.

Oregon mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Oregon?: At the current 30-year fixed rate of ~6.81%, a $480,000 home in Oregon with 20% down ($96,000) carries a principal-and-interest payment of ~$2,506/mo. Add property tax (~$372/mo at 0.93%) and homeowners insurance and your total is roughly $2,878/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Oregon?: The effective statewide property tax rate in Oregon averages 0.93% of assessed value per year. On a $480,000 home, that works out to roughly $4,464 per year ($372/mo). Individual county rates vary.
Does Oregon have a state income tax?: Yes, Oregon has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What are the closing costs and transfer taxes in Oregon?: Oregon has no real estate transfer tax statewide — only Washington County charges one ($1 per $1,000).
What type of foreclosure does Oregon use?: Oregon uses non-judicial (trustee sale) foreclosure, which typically moves faster than court-supervised processes. Oregon's trust deed statute makes most non-judicial residential foreclosures non-recourse — lenders waive the deficiency by choosing trustee sale.

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