Mortgage on a $350K house in Oregon
$2,289 a month with 20% down — $1,884 principal and interest plus $230 property tax and $175 insurance.
Oregon's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $230 a month on a $350K home. The typical home in Oregon is worth $492,753, so $350K is 29% below the typical price.
$350K home in Oregon: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $70,000 | $280,000 | $1,884 | $0 | $405 | $2,289 | $98,100 |
| 10% down | $35,000 | $315,000 | $2,119 | $131 | $405 | $2,655 | $113,800 |
| 5% down | $17,500 | $332,500 | $2,237 | $139 | $405 | $2,781 | $119,200 |
| 3.5% down (FHA) | $12,250 | $343,661 | $2,312 | $155 | $405 | $2,872 | $123,100 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.79% 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.
Where in Oregon does $350K buy a typical home?
In these counties the typical home value is within 15% of $350K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Coos County | $348,767 | 0.68% | $2,256 |
| Douglas County | $339,328 | 0.61% | $2,237 |
| Union County | $332,868 | 0.83% | $2,301 |
| Umatilla County | $312,771 | 0.9% | $2,322 |
| Josephine County | $388,433 | 0.52% | $2,209 |
| Wheeler County | $310,433 | 0.69% | $2,261 |
| Morrow County | $306,837 | 0.81% | $2,295 |
| Malheur County | $306,087 | 0.75% | $2,277 |
| Klamath County | $303,425 | 0.62% | $2,241 |
| Wasco County | $400,158 | 0.77% | $2,283 |
| Baker County | $297,516 | 0.78% | $2,287 |
14 of 36 Oregon counties tracked by Zillow have a typical home value at or below $350K. See all Oregon home prices.
Other prices in Oregon
Frequently asked questions
What is the mortgage on a $350K house in Oregon?
About $2,289 a month with 20% down at 7.11%: $1,884 principal and interest, $230 property tax and $175 insurance.
How much do I need to make to buy a $350K house in Oregon?
About $98,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $350K house in Oregon?
At Oregon's typical effective rate of 0.79%, about $2,763 a year. Rates vary by county and city — see the county pages.