Total monthly cost of ownership
Cost to Own a Home in Keizer, Oregon
A $397,000 home here costs
$3,092per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $132,500 a year.
A standard mortgage calculator would have told you $2,199. The real number is $893 higher every month, 41% more than the payment most buyers budget for.
Compare Marion County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Keizer against Marion County and Oregon
| Measure | Keizer | Marion County |
|---|---|---|
| Median home value | $396,700 | $383,300 |
| Median property tax | $3,549 | $3,382 |
| Effective tax rate | 0.895% | 0.882% |
| Median gross rent | $1,375 | $1,333 |
| Population | 39,013 | 346,532 |
The weather behind that power bill
Keizer sits in Marion County, which averages a high of 76.3°F in its hottest month and a low of 32.5°F in its coldest, with 68.92" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 99 cooling and 5,992 heating degree days, which is what sets the $141 electricity line above.
See the full climate breakdown for Marion County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Marion County
Talk to someone who works this market
These are Keizer averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Keizer every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Keizer I already own here and may sell
Common questions
How much does it cost to own a home in Keizer?
A $397,000 home in Keizer, Oregon costs approximately $3,092 per month with 20% down at 7.4%. That is $2,199 principal and interest, $296 property tax, $57 homeowners insurance, $209 utilities and $331 set aside for maintenance.
What is the property tax rate in Keizer?
Keizer has an effective property tax rate of 0.895%, based on a median home value of $396,700 and median real estate taxes of $3,549. That is higher than the Marion County average of 0.882%.
What is the average home price in Keizer?
The median owner-occupied home value in Keizer, Oregon is $396,700, against $383,300 across Marion County.
Is it cheaper to rent or buy in Keizer?
Median gross rent in Keizer is $1,375 a month, against $3,092 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Keizer?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Keizer, Oregon at today's rate takes a household income of roughly $132,500 a year. That covers the full $3,092 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Keizer, 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.