Total monthly cost of ownership
Cost to Own a Home in Creswell, Oregon
A $355,000 home here costs
$2,607per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,825. The real number is $782 higher every month — 43% 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.
Creswell against Lane County and Oregon
| Measure | Creswell | Lane County |
|---|---|---|
| Median home value | $355,100 | $395,800 |
| Median property tax | $2,654 | $3,417 |
| Effective tax rate | 0.747% | 0.863% |
| Median gross rent | $1,530 | $1,287 |
| Population | 5,625 | 382,628 |
The weather behind that power bill
Creswell 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 Creswell?
A $355,000 home in Creswell, Oregon costs approximately $2,607 per month with 20% down at 6.66%. That is $1,825 principal and interest, $221 property tax, $51 homeowners insurance, $214 utilities and $296 set aside for maintenance.
What is the property tax rate in Creswell?
Creswell has an effective property tax rate of 0.747%, based on a median home value of $355,100 and median real estate taxes of $2,654. That is lower than the Lane County average of 0.863%.
What is the average home price in Creswell?
The median owner-occupied home value in Creswell, Oregon is $355,100, against $395,800 across Lane County.
Is it cheaper to rent or buy in Creswell?
Median gross rent in Creswell is $1,530 a month, against $2,607 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 Creswell — 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.