Total monthly cost of ownership
Cost to Own a Home in Mill City, Oregon
A $290,000 home here costs
$2,196per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,491. The real number is $705 higher every month — 47% 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.
Mill City against Marion County and Oregon
| Measure | Mill City | Marion County |
|---|---|---|
| Median home value | $289,900 | $383,300 |
| Median property tax | $2,491 | $3,382 |
| Effective tax rate | 0.859% | 0.882% |
| Median gross rent | $1,204 | $1,333 |
| Population | 1,876 | 346,532 |
Mill City extends across 2 counties. Figures here use Marion County, where most of its housing sits.
The weather behind that power bill
Mill City 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 $146 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
Common questions
How much does it cost to own a home in Mill City?
A $290,000 home in Mill City, Oregon costs approximately $2,196 per month with 20% down at 6.66%. That is $1,491 principal and interest, $208 property tax, $42 homeowners insurance, $214 utilities and $242 set aside for maintenance.
What is the property tax rate in Mill City?
Mill City has an effective property tax rate of 0.859%, based on a median home value of $289,900 and median real estate taxes of $2,491. That is lower than the Marion County average of 0.882%.
What is the average home price in Mill City?
The median owner-occupied home value in Mill City, Oregon is $289,900, against $383,300 across Marion County.
Is it cheaper to rent or buy in Mill City?
Median gross rent in Mill City is $1,204 a month, against $2,196 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 Mill 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.