Total monthly cost of ownership
Cost to Own a Home in Aurora, Oregon
A $515,000 home here costs
$3,768per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,648. The real number is $1,121 higher every month — 42% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Aurora against Marion County and Oregon
| Measure | Aurora | Marion County |
|---|---|---|
| Median home value | $514,800 | $383,300 |
| Median property tax | $4,833 | $3,382 |
| Effective tax rate | 0.939% | 0.882% |
| Median gross rent | $2,313 | $1,333 |
| Population | 1,104 | 346,532 |
The weather behind that power bill
Aurora sits in Marion County, which averages a high of 76.3°F in its hottest month and a low of 32.5°F in its coldest, with 68.92" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 99 cooling and 5,992 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Marion County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marion County
Common questions
How much does it cost to own a home in Aurora?
A $515,000 home in Aurora, Oregon costs approximately $3,768 per month with 20% down at 6.66%. That is $2,648 principal and interest, $403 property tax, $74 homeowners insurance, $214 utilities and $429 set aside for maintenance.
What is the property tax rate in Aurora?
Aurora has an effective property tax rate of 0.939%, based on a median home value of $514,800 and median real estate taxes of $4,833. That is higher than the Marion County average of 0.882%.
What is the average home price in Aurora?
The median owner-occupied home value in Aurora, Oregon is $514,800, against $383,300 across Marion County.
Is it cheaper to rent or buy in Aurora?
Median gross rent in Aurora is $2,313 a month, against $3,768 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Aurora — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Oregon.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.