Total monthly cost of ownership
Cost to Own a Home in Boring, Oregon
A $649,000 home here costs
$4,791per 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 $205,500 a year.
A standard mortgage calculator would have told you $3,538. The real number is $1,253 higher every month, 35% more than the payment most buyers budget for.
Compare Clackamas County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Boring from a five-year rolling sample, and with about 1,616 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 Clackamas 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.
Boring against Clackamas County and Oregon
| Measure | Boring | Clackamas County |
|---|---|---|
| Median home value | $649,000 | $577,900 |
| Median property tax | $4,917 | $5,051 |
| Effective tax rate | 0.758% | 0.874% |
| Median gross rent | — | $1,693 |
| Population | 1,616 | 422,308 |
The weather behind that power bill
Boring sits in Clackamas County, which averages a high of 79.0°F in its hottest month and a low of 32.5°F in its coldest, with 68.95" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 201 cooling and 5,625 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Clackamas County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clackamas County
Full Clackamas County cost breakdown · Every county in Oregon
Talk to someone who works this market
These are Boring 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 Boring every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Boring I already own here and may sell
Common questions
How much does it cost to own a home in Boring?
A $649,000 home in Boring, Oregon costs approximately $4,791 per month with 20% down at 7.24%. That is $3,538 principal and interest, $410 property tax, $94 homeowners insurance, $208 utilities and $541 set aside for maintenance.
What is the property tax rate in Boring?
Boring has an effective property tax rate of 0.758%, based on a median home value of $649,000 and median real estate taxes of $4,917. That is lower than the Clackamas County average of 0.874%.
What is the average home price in Boring?
The median owner-occupied home value in Boring, Oregon is $649,000, against $577,900 across Clackamas County.
Is it cheaper to rent or buy in Boring?
Rent data is not published for Boring at this level of detail.
What salary do you need to buy a home in Boring?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Boring, Oregon at today's rate takes a household income of roughly $205,500 a year. That covers the full $4,791 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Boring, 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.