Total monthly cost of ownership
Cost to Own a Home in Cottage Grove, Oregon
A $319,000 home here costs
$2,449per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,640. The real number is $809 higher every month — 49% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Cottage Grove against Lane County and Oregon
| Measure | Cottage Grove | Lane County |
|---|---|---|
| Median home value | $318,800 | $395,800 |
| Median property tax | $3,394 | $3,417 |
| Effective tax rate | 1.065% | 0.863% |
| Median gross rent | $1,031 | $1,287 |
| Population | 10,630 | 382,628 |
The weather behind that power bill
Cottage Grove sits in Lane County, which averages a high of 80.0°F in its hottest month and a low of 36.9°F in its coldest, with 46.03" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 277 cooling and 4,484 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Lane County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lane County
Common questions
How much does it cost to own a home in Cottage Grove?
A $319,000 home in Cottage Grove, Oregon costs approximately $2,449 per month with 20% down at 6.66%. That is $1,640 principal and interest, $283 property tax, $46 homeowners insurance, $214 utilities and $266 set aside for maintenance.
What is the property tax rate in Cottage Grove?
Cottage Grove has an effective property tax rate of 1.065%, based on a median home value of $318,800 and median real estate taxes of $3,394. That is higher than the Lane County average of 0.863%.
What is the average home price in Cottage Grove?
The median owner-occupied home value in Cottage Grove, Oregon is $318,800, against $395,800 across Lane County.
Is it cheaper to rent or buy in Cottage Grove?
Median gross rent in Cottage Grove is $1,031 a month, against $2,449 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Cottage Grove — 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.