Total monthly cost of ownership
Cost to Own a Home in Hood River, Oregon
A $603,000 home here costs
$4,243per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,100. The real number is $1,143 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.
Hood River against Hood River County and Oregon
| Measure | Hood River | Hood River County |
|---|---|---|
| Median home value | $602,800 | $571,200 |
| Median property tax | $4,068 | $3,359 |
| Effective tax rate | 0.675% | 0.588% |
| Median gross rent | $1,446 | $1,381 |
| Population | 8,360 | 23,958 |
The weather behind that power bill
Hood River sits in Hood River County, which averages a high of 79.6°F in its hottest month and a low of 27.3°F in its coldest, with 36" of precipitation a year and 51% of it in a single three-month stretch. That climate drives 132 cooling and 6,379 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Hood River County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hood River County
Full Hood River County cost breakdown · Every county in Oregon
Common questions
How much does it cost to own a home in Hood River?
A $603,000 home in Hood River, Oregon costs approximately $4,243 per month with 20% down at 6.66%. That is $3,100 principal and interest, $339 property tax, $87 homeowners insurance, $214 utilities and $503 set aside for maintenance.
What is the property tax rate in Hood River?
Hood River has an effective property tax rate of 0.675%, based on a median home value of $602,800 and median real estate taxes of $4,068. That is higher than the Hood River County average of 0.588%.
What is the average home price in Hood River?
The median owner-occupied home value in Hood River, Oregon is $602,800, against $571,200 across Hood River County.
Is it cheaper to rent or buy in Hood River?
Median gross rent in Hood River is $1,446 a month, against $4,243 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 Hood River — 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.