Total monthly cost of ownership
Cost to Own a Home in Enterprise, Oregon
A $298,000 home here costs
$2,212per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,532. The real number is $680 higher every month — 44% 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.
Enterprise against Wallowa County and Oregon
| Measure | Enterprise | Wallowa County |
|---|---|---|
| Median home value | $298,400 | $371,900 |
| Median property tax | $2,093 | $2,173 |
| Effective tax rate | 0.701% | 0.584% |
| Median gross rent | $801 | $858 |
| Population | 2,145 | 7,532 |
The weather behind that power bill
Enterprise sits in Wallowa County, which averages a high of 88.7°F in its hottest month and a low of 17.5°F in its coldest, with 18.96" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 248 cooling and 7,116 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Wallowa County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Wallowa County
Common questions
How much does it cost to own a home in Enterprise?
A $298,000 home in Enterprise, Oregon costs approximately $2,212 per month with 20% down at 6.66%. That is $1,532 principal and interest, $174 property tax, $43 homeowners insurance, $214 utilities and $248 set aside for maintenance.
What is the property tax rate in Enterprise?
Enterprise has an effective property tax rate of 0.701%, based on a median home value of $298,400 and median real estate taxes of $2,093. That is higher than the Wallowa County average of 0.584%.
What is the average home price in Enterprise?
The median owner-occupied home value in Enterprise, Oregon is $298,400, against $371,900 across Wallowa County.
Is it cheaper to rent or buy in Enterprise?
Median gross rent in Enterprise is $801 a month, against $2,212 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 Enterprise — 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.