Oregon variant. This is a Oregon-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $495,000 and an effective property tax rate of 0.93%, a typical Oregon mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a Oregon mortgage payment
On the $495,000 median home with 20% down ($99,000), you'd finance about $396,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $2,503/month.
Oregon's 0.93% effective property tax adds about $384/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in Oregon
Oregon levies a graduated income tax with a top marginal rate near 9.9% and imposes no general statewide sales tax.
Oregon's effective property tax rate is around 0.93%, with median home values near $495,000.
Oregon's economy includes technology and semiconductor manufacturing near Portland, timber, and agriculture.
Worked example: $495,000 home in Oregon
Price $495,000, 20% down ($99,000), loan $396,000 at 6.5% for 30 years → P&I ≈ $2,503/mo. Add property tax ≈ $384/mo (0.93% of value ÷ 12). Total before insurance ≈ $2,887/mo.
Quick reference
- State income tax: 4.75-9.9% across 4 brackets
- State sales tax: 0% (plus 0.00% avg local)
- Median home value: $495,000
- Median household income: $80,426
- Effective property tax rate: 0.93%
- Avg auto insurance: $1,357/yr
Frequently Asked Questions
How much is a mortgage on a $495,000 Oregon home?
With 20% down at 6.5% over 30 years, principal and interest run about $2,503/month, before Oregon's 0.93% property tax and insurance.
What is the property tax rate in Oregon?
Oregon's effective property tax rate is about 0.93% of home value per year.