Multnomah County, Oregon home prices
Typical home $496,807 · +0.2% in a year · property tax 0.96%
The typical home in Multnomah County is worth $496,807, about the same as the Oregon typical home ($492,753). Values changed +0.2% in the past year and -0.9% over five years. Homeowners here pay a median 0.96% of their home's value in property tax each year ($4,765 on the typical home), versus 0.79% statewide.
Mortgage on the typical Multnomah County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $99,361 | $397,446 | $2,674 | $0 | $645 | $3,319 | $142,200 |
| 10% down | $49,681 | $447,126 | $3,008 | $186 | $645 | $3,840 | $164,600 |
| 5% down | $24,840 | $471,967 | $3,175 | $197 | $645 | $4,017 | $172,200 |
| 3.5% down (FHA) | $17,388 | $487,809 | $3,282 | $220 | $645 | $4,147 | $177,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.96% 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 · part of the Portland metro area.
Oregon counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Yamhill County | $501,668 | -0.8% | 0.73% |
| Tillamook County | $503,694 | +0.4% | 0.6% |
| Polk County | $475,672 | +1.3% | 0.8% |
| Clatsop County | $518,689 | +0.4% | 0.69% |
| Crook County | $471,570 | +0.9% | 0.64% |
| Lincoln County | $470,173 | +0.4% | 0.81% |
| Lane County | $452,807 | +1.0% | 0.82% |
| Curry County | $448,677 | -1.4% | 0.48% |
| Columbia County | $444,644 | -0.6% | 0.74% |
| Wallowa County | $441,217 | +1.6% | 0.57% |
Frequently asked questions
What is the average home price in Multnomah County, OR?
The typical home value in Multnomah County is $496,807 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Multnomah County?
About $142,200 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Multnomah County?
The median effective rate is 0.96% of home value a year (Census ACS 2024 5-year estimates).