Mortgage payment estimates, closing cost breakdowns, and first-time buyer programs for Oregon homebuyers.
Pre-filled with Oregon medians. Adjust for your property.
Estimated closing costs based on Oregon tax rates and fees.
The median home price in Oregon is $480,000, with property taxes averaging 0.93% annually. Oregon's property tax rate is roughly in line with the national average.
Closing costs in Oregon average $7K (1.4%% of purchase price). The state charges a 0.1% transfer tax on real estate transactions, which modestly adds to closing costs. Homeowners insurance runs approximately $1,400 per year. This is within the normal range nationally.
Oregon offers the OHCS Oregon Bond for first-time buyers: Cash Advantage up to $15K. Contact your state housing finance agency or a HUD-approved housing counselor for eligibility details and application steps.
Oregon is a higher-cost market. At $480K median, buyers need significant savings or strong income. Down payment assistance and competitive rate-shopping become especially important.