Total monthly cost of ownership
Cost to Own a Home in Lincoln City, Oregon
A $374,000 home here costs
$2,924per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $125,500 a year.
A standard mortgage calculator would have told you $2,039. The real number is $885 higher every month, 43% more than the payment most buyers budget for.
Compare Lincoln 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.
Lincoln City against Lincoln County and Oregon
| Measure | Lincoln City | Lincoln County |
|---|---|---|
| Median home value | $374,400 | $387,700 |
| Median property tax | $3,738 | $3,241 |
| Effective tax rate | 0.998% | 0.836% |
| Median gross rent | $1,326 | $1,150 |
| Population | 9,890 | 50,632 |
The weather behind that power bill
Lincoln City sits in Lincoln County, which averages a high of 64.1°F in its hottest month and a low of 39.2°F in its coldest, with 67.27" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 2 cooling and 5,238 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Lincoln County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lincoln County
Talk to someone who works this market
These are Lincoln City 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 Lincoln City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Lincoln City I already own here and may sell
Common questions
How much does it cost to own a home in Lincoln City?
A $374,000 home in Lincoln City, Oregon costs approximately $2,924 per month with 20% down at 7.24%. That is $2,039 principal and interest, $311 property tax, $54 homeowners insurance, $208 utilities and $312 set aside for maintenance.
What is the property tax rate in Lincoln City?
Lincoln City has an effective property tax rate of 0.998%, based on a median home value of $374,400 and median real estate taxes of $3,738. That is higher than the Lincoln County average of 0.836%.
What is the average home price in Lincoln City?
The median owner-occupied home value in Lincoln City, Oregon is $374,400, against $387,700 across Lincoln County.
Is it cheaper to rent or buy in Lincoln City?
Median gross rent in Lincoln City is $1,326 a month, against $2,924 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 Lincoln City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lincoln City, Oregon at today's rate takes a household income of roughly $125,500 a year. That covers the full $2,924 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lincoln City, 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.