Mortgage on a $500K house in Oregon
$3,270 a month with 20% down — $2,691 principal and interest plus $329 property tax and $250 insurance.
Oregon's typical property tax is 0.79% of the home's value a year (U.S. average 0.9%), which adds $329 a month on a $500K home. The typical home in Oregon is worth $492,753, so $500K is right at the typical price.
$500K home in Oregon: payment by down payment
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $100,000 | $400,000 | $2,691 | $0 | $579 | $3,270 | $140,100 |
| 10% down | $50,000 | $450,000 | $3,027 | $188 | $579 | $3,794 | $162,600 |
| 5% down | $25,000 | $475,000 | $3,195 | $198 | $579 | $3,972 | $170,200 |
| 3.5% down (FHA) | $17,500 | $490,944 | $3,303 | $221 | $579 | $4,103 | $175,800 |
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 $500K buy a typical home?
In these counties the typical home value is within 15% of $500K:
| County | Typical home | Tax rate | Total / month |
|---|---|---|---|
| Yamhill County | $501,668 | 0.73% | $3,243 |
| Multnomah County | $496,807 | 0.96% | $3,340 |
| Tillamook County | $503,694 | 0.6% | $3,191 |
| Clatsop County | $518,689 | 0.69% | $3,229 |
| Polk County | $475,672 | 0.8% | $3,274 |
| Crook County | $471,570 | 0.64% | $3,206 |
| Lincoln County | $470,173 | 0.81% | $3,278 |
| Lane County | $452,807 | 0.82% | $3,283 |
| Curry County | $448,677 | 0.48% | $3,142 |
| Benton County | $553,203 | 0.95% | $3,338 |
| Columbia County | $444,644 | 0.74% | $3,251 |
| Washington County | $555,664 | 0.84% | $3,290 |
28 of 36 Oregon counties tracked by Zillow have a typical home value at or below $500K. See all Oregon home prices.
Other prices in Oregon
Frequently asked questions
What is the mortgage on a $500K house in Oregon?
About $3,270 a month with 20% down at 7.11%: $2,691 principal and interest, $329 property tax and $250 insurance.
How much do I need to make to buy a $500K house in Oregon?
About $140,100 a year, so that the payment stays under 28% of your gross income.
What is the property tax on a $500K house in Oregon?
At Oregon's typical effective rate of 0.79%, about $3,947 a year. Rates vary by county and city — see the county pages.