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Oregon's statewide median home price is approximately $507,000 in 2026, with Portland averaging around $580,000. Oregon's market is driven by lifestyle-driven demand from remote workers attracted to Portland, Bend, and Eugene, with inventory gradually recovering from pandemic-era lows. Current 30-year fixed mortgage rates in Oregon are approximately 6.5–6.8% in 2026. Property taxes average 0.9–1.0% of home value — lower than many comparable states. The Oregon Bond Residential Loan program offers first-time buyers down payment grants of up to 3–5% of the purchase price, approximately $15,000–$25,000.
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State: Oregon (median-style home price, tax, and insurance pre-filled — edit as needed)
Illustrative property tax and insurance — actual escrow, lender PMI, and Oregon Bond eligibility vary. Not a loan offer.
Dollar amount. PMI applies when under 20% of home price.
PMI is estimated at 0.5% of the loan amount per year when your down payment is below 20% of the purchase price.
Total monthly payment
$3,157
Amortization summary: fixed rate; effective rate equals your quoted rate. Taxes, insurance, PMI, and HOA are shown separately from P&I.
| Year | Statewide Median | Portland | Change YoY |
|---|---|---|---|
| 2024 | ~$490,000 | ~$560,000 | +2.8% |
| 2025 | ~$500,000 | ~$572,000 | +2.0% |
| 2026 | $507,000 | $580,000 | +1.4% |
| Home Value | Effective Rate | Annual Tax |
|---|---|---|
| $350,000 | ~0.95% | ~$3,325 |
| $507,000 | ~0.95% | ~$4,817 |
| $700,000 | ~0.95% | ~$6,650 |
Oregon's effective property tax rate of 0.9–1.0% is moderate — lower than Washington (0.9%), California (0.75%), and significantly lower than Illinois (2.0%). On Oregon's median home of $507,000, annual property taxes are approximately $4,560–$5,070. Oregon's Measure 5 property tax limitations help keep rates stable, though assessed values can still rise significantly in hot markets like Portland and Bend.
Oregon Housing and Community Services administers the Oregon Bond Residential Loan program — the primary first-time buyer resource in the state. It offers 30-year fixed mortgages at below-market rates plus down payment assistance grants of up to 3–5% of the purchase price — approximately $15,000–$25,000 on Oregon's median home. Eligibility requires income below 80–120% of area median income depending on county, with separate income limits for different Oregon regions. Oregon Bond loans are available through approved lenders statewide.
| Term | Rate | Monthly Payment | Total Interest |
|---|---|---|---|
| 30-year fixed | 6.65% | $2,590 | $526,908 |
| 15-year fixed | 6.10% | $3,447 | $214,770 |
Illustrative principal & interest only — excludes taxes, insurance, and PMI. Use the calculator above for your scenario.
Oregon's statewide median home price is approximately $507,000 in 2026. Portland averages around $580,000, Bend around $650,000–$700,000, and Eugene around $420,000. Oregon's secondary markets like Bend and Eugene have seen stronger buyer activity as remote workers seek more affordable alternatives to Portland.
Oregon's effective property tax rate is approximately 0.9–1.0% of home value. On a $507,000 home, annual property taxes are approximately $4,560–$5,070. Oregon's Measure 5 property tax limitations help keep rates stable. Multnomah County (Portland) rates are similar to the state average.
Current 30-year fixed mortgage rates in Oregon are approximately 6.5–6.8% in 2026. Oregon Bond program participants may access below-market rates through approved Oregon Housing lenders.
The Oregon Bond Residential Loan program offers first-time buyers 30-year fixed mortgages at below-market rates plus down payment assistance grants of up to 3–5% of the purchase price — approximately $15,000–$25,000. Income must be below 80–120% of area median income depending on county.
Conventional loans require 5–20% down. FHA loans require 3.5%. VA loans offer 0% for eligible veterans. On Oregon's median home of $507,000, a 5% down payment is $25,350 and 20% is $101,400. Oregon Bond DPA of up to $25,000 can cover most of the minimum down payment requirement.
Most Oregon lenders follow standard guidelines: maximum DTI of 43–45% for conventional loans and up to 50% for FHA. Oregon Bond requirements typically cap DTI at 45%. Oregon's high home prices — particularly in Portland and Bend — make managing existing debt especially important before applying.
Educational estimates only. Not a lender pre-approval.