Lake County, Oregon home prices
Typical home $194,326 · -4.5% in a year · property tax 0.71%
The typical home in Lake County is worth $194,326, 61% less than the Oregon typical home ($492,753). Values changed -4.5% in the past year and +11.8% over five years. Homeowners here pay a median 0.71% of their home's value in property tax each year ($1,384 on the typical home), versus 0.79% statewide.
Mortgage on the typical Lake County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $38,865 | $155,461 | $1,046 | $0 | $212 | $1,258 | $53,900 |
| 10% down | $19,433 | $174,894 | $1,177 | $73 | $212 | $1,462 | $62,700 |
| 5% down | $9,716 | $184,610 | $1,242 | $77 | $212 | $1,531 | $65,600 |
| 3.5% down (FHA) | $6,801 | $190,807 | $1,284 | $86 | $212 | $1,582 | $67,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.71% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Oregon.
Oregon counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Harney County | $214,641 | +4.0% | 0.8% |
| Gilliam County | $246,679 | +3.3% | 1.01% |
| Grant County | $281,746 | +1.9% | 0.73% |
| Sherman County | $289,987 | +4.0% | 0.75% |
| Baker County | $297,516 | -0.4% | 0.78% |
| Klamath County | $303,425 | -0.1% | 0.62% |
| Malheur County | $306,087 | +2.8% | 0.75% |
| Morrow County | $306,837 | +1.4% | 0.81% |
| Wheeler County | $310,433 | +5.4% | 0.69% |
| Umatilla County | $312,771 | +2.8% | 0.9% |
Frequently asked questions
What is the average home price in Lake County, OR?
The typical home value in Lake County is $194,326 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Lake County?
About $53,900 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Lake County?
The median effective rate is 0.71% of home value a year (Census ACS 2024 5-year estimates).