Total monthly cost of ownership
Cost to Own a Home in Melrose, Oregon
A $483,000 home here costs
$3,446per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,483. The real number is $963 higher every month — 39% 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.
Melrose against Douglas County and Oregon
| Measure | Melrose | Douglas County |
|---|---|---|
| Median home value | $483,000 | $283,200 |
| Median property tax | $3,319 | $1,869 |
| Effective tax rate | 0.687% | 0.660% |
| Median gross rent | — | $995 |
| Population | 1,150 | 111,807 |
The weather behind that power bill
Melrose sits in Douglas County, which averages a high of 85.9°F in its hottest month and a low of 36.8°F in its coldest, with 32.07" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 607 cooling and 3,913 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Douglas County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Douglas County
Common questions
How much does it cost to own a home in Melrose?
A $483,000 home in Melrose, Oregon costs approximately $3,446 per month with 20% down at 6.66%. That is $2,483 principal and interest, $277 property tax, $70 homeowners insurance, $214 utilities and $403 set aside for maintenance.
What is the property tax rate in Melrose?
Melrose has an effective property tax rate of 0.687%, based on a median home value of $483,000 and median real estate taxes of $3,319. That is higher than the Douglas County average of 0.660%.
What is the average home price in Melrose?
The median owner-occupied home value in Melrose, Oregon is $483,000, against $283,200 across Douglas County.
Is it cheaper to rent or buy in Melrose?
Rent data is not published for Melrose at this level of detail.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Melrose — 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.