Total monthly cost of ownership
Cost to Own a Home in Chenoweth, Oregon
A $246,000 home here costs
$1,960per 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 $1,341. The real number is $618 higher every month, 46% more than the payment most buyers budget for.
Compare Wasco County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Chenoweth from a five-year rolling sample, and with about 1,543 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 Wasco 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.
Chenoweth against Wasco County and Oregon
| Measure | Chenoweth | Wasco County |
|---|---|---|
| Median home value | $246,300 | $332,500 |
| Median property tax | $2,036 | $2,784 |
| Effective tax rate | 0.827% | 0.837% |
| Median gross rent | $892 | $978 |
| Population | 1,543 | 26,603 |
The weather behind that power bill
Chenoweth sits in Wasco County, which averages a high of 88.4°F in its hottest month and a low of 30.9°F in its coldest, with 13.65" of precipitation a year and 52% of it in a single three-month stretch. That climate drives 830 cooling and 4,677 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Wasco County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wasco County
Talk to someone who works this market
These are Chenoweth 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 Chenoweth every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Chenoweth I already own here and may sell
Common questions
How much does it cost to own a home in Chenoweth?
A $246,000 home in Chenoweth, Oregon costs approximately $1,960 per month with 20% down at 7.24%. That is $1,341 principal and interest, $170 property tax, $35 homeowners insurance, $208 utilities and $205 set aside for maintenance.
What is the property tax rate in Chenoweth?
Chenoweth has an effective property tax rate of 0.827%, based on a median home value of $246,300 and median real estate taxes of $2,036. That is lower than the Wasco County average of 0.837%.
What is the average home price in Chenoweth?
The median owner-occupied home value in Chenoweth, Oregon is $246,300, against $332,500 across Wasco County.
Is it cheaper to rent or buy in Chenoweth?
Median gross rent in Chenoweth is $892 a month, against $1,960 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 Chenoweth?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Chenoweth, Oregon at today's rate takes a household income of roughly $84,000 a year. That covers the full $1,960 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Chenoweth, 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.