Total monthly cost of ownership
Cost to Own a Home in Cave Junction, Oregon
A $252,000 home here costs
$1,954per 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 $84,000 a year.
A standard mortgage calculator would have told you $1,374. The real number is $580 higher every month, 42% more than the payment most buyers budget for.
Compare Josephine County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Cave Junction from a five-year rolling sample, and with about 1,701 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 Josephine 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.
Cave Junction against Josephine County and Oregon
| Measure | Cave Junction | Josephine County |
|---|---|---|
| Median home value | $252,000 | $383,100 |
| Median property tax | $1,507 | $2,023 |
| Effective tax rate | 0.598% | 0.528% |
| Median gross rent | $1,076 | $1,157 |
| Population | 1,701 | 88,069 |
The weather behind that power bill
Cave Junction sits in Josephine County, which averages a high of 76.7°F in its hottest month and a low of 32.3°F in its coldest, with 40.66" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 276 cooling and 6,116 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Josephine County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Josephine County
Full Josephine County cost breakdown · Every county in Oregon
Talk to someone who works this market
These are Cave Junction 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 Cave Junction every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Cave Junction I already own here and may sell
Common questions
How much does it cost to own a home in Cave Junction?
A $252,000 home in Cave Junction, Oregon costs approximately $1,954 per month with 20% down at 7.24%. That is $1,374 principal and interest, $126 property tax, $36 homeowners insurance, $208 utilities and $210 set aside for maintenance.
What is the property tax rate in Cave Junction?
Cave Junction has an effective property tax rate of 0.598%, based on a median home value of $252,000 and median real estate taxes of $1,507. That is higher than the Josephine County average of 0.528%.
What is the average home price in Cave Junction?
The median owner-occupied home value in Cave Junction, Oregon is $252,000, against $383,100 across Josephine County.
Is it cheaper to rent or buy in Cave Junction?
Median gross rent in Cave Junction is $1,076 a month, against $1,954 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 Cave Junction?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cave Junction, Oregon at today's rate takes a household income of roughly $84,000 a year. That covers the full $1,954 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cave Junction, 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.