Polk County, Oregon home prices
Typical home $475,672 · +1.3% in a year · property tax 0.8%
The typical home in Polk County is worth $475,672, 3% less than the Oregon typical home ($492,753). Values changed +1.3% in the past year and +15.0% over five years. Homeowners here pay a median 0.8% of their home's value in property tax each year ($3,802 on the typical home), versus 0.79% statewide.
Mortgage on the typical Polk County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $95,134 | $380,538 | $2,560 | $0 | $555 | $3,115 | $133,500 |
| 10% down | $47,567 | $428,105 | $2,880 | $178 | $555 | $3,613 | $154,800 |
| 5% down | $23,784 | $451,889 | $3,040 | $188 | $555 | $3,783 | $162,100 |
| 3.5% down (FHA) | $16,649 | $467,057 | $3,142 | $210 | $555 | $3,907 | $167,400 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.8% 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 Salem metro area.
Oregon counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Crook County | $471,570 | +0.9% | 0.64% |
| Lincoln County | $470,173 | +0.4% | 0.81% |
| Multnomah County | $496,807 | +0.2% | 0.96% |
| Lane County | $452,807 | +1.0% | 0.82% |
| Yamhill County | $501,668 | -0.8% | 0.73% |
| Curry County | $448,677 | -1.4% | 0.48% |
| Tillamook County | $503,694 | +0.4% | 0.6% |
| Columbia County | $444,644 | -0.6% | 0.74% |
| Wallowa County | $441,217 | +1.6% | 0.57% |
| Marion County | $439,746 | +0.2% | 0.84% |
Frequently asked questions
What is the average home price in Polk County, OR?
The typical home value in Polk County is $475,672 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Polk County?
About $133,500 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Polk County?
The median effective rate is 0.8% of home value a year (Census ACS 2024 5-year estimates).