Mortgage payment estimates, closing cost breakdowns, and homebuying data for Portland, Oregon.
Pre-filled with Portland median home price and Oregon tax/insurance rates. Adjust for your property.
Estimated closing costs based on Oregon rates and fees applied to Portland prices.
The median home price in Portland is $495,000, roughly in line with the Oregon state median of $480,000. With a population of 652,503, Portland is a major metro area where home prices reflect strong demand and local economic factors.
Property taxes in Oregon average 0.93% annually. This moderate property tax rate means a $495,000 home in Portland would carry roughly $384/month in property taxes. Homeowners insurance in Oregon runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Portland is $1,750/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Portland is a higher-cost market. At $495K median, buyers need significant savings or strong income. Down payment assistance through Oregon's OHCS Oregon Bond program becomes especially important.