Total monthly cost of ownership
Cost to Own a Home in Coos Bay, Oregon
A $272,000 home here costs
$2,147per 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 $92,000 a year.
A standard mortgage calculator would have told you $1,483. The real number is $664 higher every month, 45% more than the payment most buyers budget for.
Compare Coos County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Coos Bay against Coos County and Oregon
| Measure | Coos Bay | Coos County |
|---|---|---|
| Median home value | $272,100 | $302,800 |
| Median property tax | $2,282 | $2,243 |
| Effective tax rate | 0.839% | 0.741% |
| Median gross rent | $986 | $992 |
| Population | 15,867 | 64,832 |
The weather behind that power bill
Coos Bay sits in Coos County, which averages a high of 73.6°F in its hottest month and a low of 36.4°F in its coldest, with 54.86" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 34 cooling and 4,315 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Coos County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Coos County
Talk to someone who works this market
These are Coos Bay 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 Coos Bay every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Coos Bay I already own here and may sell
Common questions
How much does it cost to own a home in Coos Bay?
A $272,000 home in Coos Bay, Oregon costs approximately $2,147 per month with 20% down at 7.24%. That is $1,483 principal and interest, $190 property tax, $39 homeowners insurance, $208 utilities and $227 set aside for maintenance.
What is the property tax rate in Coos Bay?
Coos Bay has an effective property tax rate of 0.839%, based on a median home value of $272,100 and median real estate taxes of $2,282. That is higher than the Coos County average of 0.741%.
What is the average home price in Coos Bay?
The median owner-occupied home value in Coos Bay, Oregon is $272,100, against $302,800 across Coos County.
Is it cheaper to rent or buy in Coos Bay?
Median gross rent in Coos Bay is $986 a month, against $2,147 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 Coos Bay?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Coos Bay, Oregon at today's rate takes a household income of roughly $92,000 a year. That covers the full $2,147 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Coos Bay, 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.