How Much House Can You Afford in Oregon?

Oregon property tax rate: 0.90%. Calculate your maximum affordable home price with Oregon-specific rates.

You can afford a home up to

$277,835

That's a 1-bedroom condo in Portland

Based on your $75,000 income with 20% down

2-bedroom condo/townhome
$278K$42K more →

Your $277,835 budget buys

Portland1-bedroom condoSan FranciscoNothing yetLos AngelesNothing yetSeattleNothing yetNew York CityStudio in Upper Manhattan/BronxMiamiStudio apartmentDenver1-bedroom condoSalt Lake City2-bedroom condo/townhomeAustin1-bedroom condoNashville1-bedroom condoPhoenix2-bedroom condo/townhomeRaleigh2-bedroom apartment/condoCharlotte3-bedroom homeTampa2-bedroom condo/townhomeMinneapolis2-bedroom condo/townhomeChicago2-bedroom condo
/Portland
28%Recommended
$
%
%

Monthly payment breakdown

$1,750/mo

P&I$1,442
Tax$208
Insurance$100
Calculate your mortgage payment on $277,835Should you rent or buy at this price?

Home price

$277,835

Down payment

$55,567

Loan amount

$222,268

No PMI

Waived (20%+ down)

This is an estimate using Oregon's average property tax rate of 0.90%. Actual rates vary by county. Consult a local lender for a pre-approval.

How it works

This calculator uses the 28/36 rule — a widely used guideline for mortgage affordability. Your total housing costs (mortgage, taxes, insurance, PMI, HOA) should not exceed your chosen DTI ratio of gross monthly income.

The calculator works backwards from your income to find the maximum home price that keeps monthly costs within your DTI limit. It uses the standard amortization formula and Oregon's average property tax rate of 0.90%.

Oregon housing quick facts

Average property tax rate 0.90%
Monthly property tax on $400K home $300
Affordable home at $100K income (28% DTI) $376,059
Monthly payment at $100K income $2,333/mo

Cities in Oregon

City-specific affordability data with median home prices and local tax rates.

City Median price Property tax Insurance/yr
Portland $525K 0.93% $1,200

FAQ

How much house can I afford in Oregon?

On a $100,000 income with 20% down at 6.75% interest and Oregon's 0.90% property tax rate, you can afford approximately $376,059 using the recommended 28% DTI ratio. Your monthly payment would be about $2,333.

What is the property tax rate in Oregon?

The average effective property tax rate in Oregon is 0.90%. On a $400,000 home, that's approximately $300/month in property taxes. Actual rates vary by county and municipality.

Is Oregon expensive for homebuyers?

Oregon has moderate property taxes at 0.90%, near the national average. On a $100,000 income, you can afford about $376,059.

What is the 28/36 rule?

The 28/36 rule says your total housing costs should not exceed 28% of gross monthly income (front-end DTI), and total debt payments should not exceed 36% (back-end DTI). This calculator lets you adjust the DTI ratio from 20% to 40% to find your comfort level.

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