Calculate Your Oregon Mortgage Payment
Our calculator is pre-filled with Oregon's median home price and property tax rate. Adjust the numbers to match your situation.
Open Calculator with OR DefaultsMonthly Payment Breakdown for Oregon
Here's what your monthly payment looks like on the median Oregon home ($504,432) with 20% down at 6.67%, the current average 30-year rate:
Note: This estimate assumes 20% down payment ($100,886), no PMI. With less than 20% down, add $168-$336/month for PMI.
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Oregon Property Taxes
Oregon's effective property tax rate is 0.78%, which is below the national average of 0.89%. See how property taxes are calculated and how they compare across states.
Annual Property Tax on $504,432 Home
$3,935
($328/month escrowed)
Buying a Home in Oregon: Key Facts
- Property tax rate of 0.78% is below national average
- No sales tax in Oregon, reducing closing costs
- Portland metro has highest prices in the state
- Measure 50 limits annual property value increases to 3%
Mortgage Calculators for Nearby States
Comparing homes across state lines? Check property taxes and home prices in neighboring states:
Oregon First-Time Homebuyer Programs
Oregon has 48 homebuyer assistance programs that can help with down payment and closing costs.
Oregon Bond Residential Loan
Below-market rates with down payment assistance options
Low-Interest MortgageOregon Cash Advantage
Up to 3% of loan as down payment assistance
Forgivable LoanOregon Rate Advantage
Lower interest rate option without cash assistance
Low-Interest MortgageEligibility requirements typically include income limits, credit score minimums (usually 620+), and homebuyer education courses. Visit DownPaymentResource.com to search for programs you may qualify for.
Major Cities in Oregon
Home prices and property taxes can vary significantly by city. The median home value of $504,432 is a statewide estimate.
Oregon Mortgage FAQ
What is the property tax rate in Oregon?
The average effective property tax rate in Oregon is 0.78%. On a $504,432 home, that's approximately $3,935 per year or $328 per month added to your mortgage payment.
What is the median home value in Oregon?
The median home value in Oregon is $504,432 as of 2026-06-01. Prices vary by location - Portland and Salem typically have higher prices than rural areas.
Are there first-time homebuyer programs in Oregon?
Yes, Oregon has 48 homebuyer assistance programs. Popular options include Oregon Bond Residential Loan, which offers below-market rates with down payment assistance options.
How much do I need to buy a house in Oregon?
For the median Oregon home ($504,432), you'd need $100,886 for a 20% down payment, plus $15,133-$25,222 for closing costs. With down payment assistance, you could potentially buy with as little as $17,655 (3.5% FHA down payment).
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Use our free mortgage calculator with Oregon property taxes pre-filled.
Calculate Your OR Mortgage Payment