Total monthly cost of ownership
Cost to Own a Home in Gearhart, Oregon
A $522,000 home here costs
$3,669per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,684. The real number is $986 higher every month — 37% 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.
Gearhart against Clatsop County and Oregon
| Measure | Gearhart | Clatsop County |
|---|---|---|
| Median home value | $522,100 | $437,800 |
| Median property tax | $3,131 | $3,084 |
| Effective tax rate | 0.600% | 0.704% |
| Median gross rent | $1,089 | $1,130 |
| Population | 1,959 | 41,343 |
The weather behind that power bill
Gearhart sits in Clatsop County, which averages a high of 68.7°F in its hottest month and a low of 37.4°F in its coldest, with 70.26" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 22 cooling and 4,960 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Clatsop County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clatsop County
Common questions
How much does it cost to own a home in Gearhart?
A $522,000 home in Gearhart, Oregon costs approximately $3,669 per month with 20% down at 6.66%. That is $2,684 principal and interest, $261 property tax, $75 homeowners insurance, $214 utilities and $435 set aside for maintenance.
What is the property tax rate in Gearhart?
Gearhart has an effective property tax rate of 0.600%, based on a median home value of $522,100 and median real estate taxes of $3,131. That is lower than the Clatsop County average of 0.704%.
What is the average home price in Gearhart?
The median owner-occupied home value in Gearhart, Oregon is $522,100, against $437,800 across Clatsop County.
Is it cheaper to rent or buy in Gearhart?
Median gross rent in Gearhart is $1,089 a month, against $3,669 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 Gearhart — 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.