Total monthly cost of ownership
Cost to Own a Home in Bay City, Oregon
A $338,000 home here costs
$2,534per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $108,500 a year.
A standard mortgage calculator would have told you $1,843. The real number is $691 higher every month, 38% more than the payment most buyers budget for.
Compare Tillamook County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Bay City from a five-year rolling sample, and with about 2,022 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Tillamook County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bay City against Tillamook County and Oregon
| Measure | Bay City | Tillamook County |
|---|---|---|
| Median home value | $337,500 | $408,600 |
| Median property tax | $1,828 | $2,449 |
| Effective tax rate | 0.542% | 0.599% |
| Median gross rent | $1,146 | $1,169 |
| Population | 2,022 | 27,471 |
The weather behind that power bill
Bay City sits in Tillamook County, which averages a high of 68.9°F in its hottest month and a low of 37.1°F in its coldest, with 84.39" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 11 cooling and 5,354 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Tillamook County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Tillamook County
Full Tillamook County cost breakdown · Every county in Oregon
Talk to someone who works this market
These are Bay City averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Bay City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Bay City I already own here and may sell
Common questions
How much does it cost to own a home in Bay City?
A $338,000 home in Bay City, Oregon costs approximately $2,534 per month with 20% down at 7.24%. That is $1,843 principal and interest, $153 property tax, $49 homeowners insurance, $208 utilities and $282 set aside for maintenance.
What is the property tax rate in Bay City?
Bay City has an effective property tax rate of 0.542%, based on a median home value of $337,500 and median real estate taxes of $1,828. That is lower than the Tillamook County average of 0.599%.
What is the average home price in Bay City?
The median owner-occupied home value in Bay City, Oregon is $337,500, against $408,600 across Tillamook County.
Is it cheaper to rent or buy in Bay City?
Median gross rent in Bay City is $1,146 a month, against $2,534 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Bay City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bay City, Oregon at today's rate takes a household income of roughly $108,500 a year. That covers the full $2,534 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bay City, 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.