Portland, OR variant. This is a Portland, OR-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.
Portland's $545,000 median home and 1.02% property tax make for a distinctive mortgage payment. High-cost metros front-load the principal-and-interest portion.
Mortgage payment in Portland
On the $545,000 median home with 20% down ($109,000), you'd finance $436,000. At 6.5% over 30 years, P&I ≈ $2,756/month.
Add Portland's 1.02% property tax (≈ $463/month) plus insurance for the all-in payment.
About Portland, OR
Portland sits in Oregon, one of the few states with no statewide sales tax, though residents do pay state income tax.
Portland's housing market is among the pricier in the Pacific Northwest, with median home values well above the national average.
Portland's cost of living runs notably above the national average, reflecting its desirability and constrained housing supply.
Worked example: $545,000 Portland home
Loan $436,000 at 6.5% for 30 years → $2,756/mo P&I. Property tax ≈ $463/mo. Total before insurance ≈ $3,219/mo.
Quick reference
- Median home value: $545,000
- Median rent: $1,900/mo
- Median household income: $81,580
- Local sales tax: 0%
- Effective property tax rate: 1.02%
- Cost of living index: 130 (US avg = 100)
Frequently Asked Questions
How much is a mortgage in Portland?
About $2,756/month P&I on the $545,000 median home with 20% down at 6.5%.
What is the property tax rate in Portland?
About 1.02% of home value per year.