Total monthly cost of ownership
Cost to Own a Home in Depoe Bay, Oregon
A $370,000 home here costs
$2,712per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,902. The real number is $810 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.
Depoe Bay against Lincoln County and Oregon
| Measure | Depoe Bay | Lincoln County |
|---|---|---|
| Median home value | $369,900 | $387,700 |
| Median property tax | $2,813 | $3,241 |
| Effective tax rate | 0.760% | 0.836% |
| Median gross rent | $1,423 | $1,150 |
| Population | 2,025 | 50,632 |
The weather behind that power bill
Depoe Bay sits in Lincoln County, which averages a high of 64.1°F in its hottest month and a low of 39.2°F in its coldest, with 67.27" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 2 cooling and 5,238 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Lincoln County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lincoln County
Common questions
How much does it cost to own a home in Depoe Bay?
A $370,000 home in Depoe Bay, Oregon costs approximately $2,712 per month with 20% down at 6.66%. That is $1,902 principal and interest, $234 property tax, $53 homeowners insurance, $214 utilities and $308 set aside for maintenance.
What is the property tax rate in Depoe Bay?
Depoe Bay has an effective property tax rate of 0.760%, based on a median home value of $369,900 and median real estate taxes of $2,813. That is lower than the Lincoln County average of 0.836%.
What is the average home price in Depoe Bay?
The median owner-occupied home value in Depoe Bay, Oregon is $369,900, against $387,700 across Lincoln County.
Is it cheaper to rent or buy in Depoe Bay?
Median gross rent in Depoe Bay is $1,423 a month, against $2,712 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 Depoe 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.