Total monthly cost of ownership
Cost to Own a Home in Lafayette, Oregon
A $383,000 home here costs
$2,782per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,969. The real number is $813 higher every month — 41% 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.
Lafayette against Yamhill County and Oregon
| Measure | Lafayette | Yamhill County |
|---|---|---|
| Median home value | $383,000 | $442,700 |
| Median property tax | $2,694 | $3,318 |
| Effective tax rate | 0.703% | 0.749% |
| Median gross rent | $1,144 | $1,377 |
| Population | 4,428 | 108,122 |
The weather behind that power bill
Lafayette sits in Yamhill County, which averages a high of 83.1°F in its hottest month and a low of 34.4°F in its coldest, with 37.64" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 284 cooling and 4,694 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Yamhill County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Yamhill County
Common questions
How much does it cost to own a home in Lafayette?
A $383,000 home in Lafayette, Oregon costs approximately $2,782 per month with 20% down at 6.66%. That is $1,969 principal and interest, $224 property tax, $55 homeowners insurance, $214 utilities and $319 set aside for maintenance.
What is the property tax rate in Lafayette?
Lafayette has an effective property tax rate of 0.703%, based on a median home value of $383,000 and median real estate taxes of $2,694. That is lower than the Yamhill County average of 0.749%.
What is the average home price in Lafayette?
The median owner-occupied home value in Lafayette, Oregon is $383,000, against $442,700 across Yamhill County.
Is it cheaper to rent or buy in Lafayette?
Median gross rent in Lafayette is $1,144 a month, against $2,782 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 Lafayette — 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.