Total monthly cost of ownership
Cost to Own a Home in Myrtle Point, Oregon
A $240,000 home here costs
$1,842per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,234. The real number is $608 higher every month — 49% 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.
Myrtle Point against Coos County and Oregon
| Measure | Myrtle Point | Coos County |
|---|---|---|
| Median home value | $239,700 | $302,800 |
| Median property tax | $1,903 | $2,243 |
| Effective tax rate | 0.794% | 0.741% |
| Median gross rent | $710 | $992 |
| Population | 2,689 | 64,832 |
The weather behind that power bill
Myrtle Point sits in Coos County, which averages a high of 73.6°F in its hottest month and a low of 36.4°F in its coldest, with 54.86" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 34 cooling and 4,315 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Coos County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Coos County
Common questions
How much does it cost to own a home in Myrtle Point?
A $240,000 home in Myrtle Point, Oregon costs approximately $1,842 per month with 20% down at 6.66%. That is $1,234 principal and interest, $159 property tax, $35 homeowners insurance, $214 utilities and $200 set aside for maintenance.
What is the property tax rate in Myrtle Point?
Myrtle Point has an effective property tax rate of 0.794%, based on a median home value of $239,700 and median real estate taxes of $1,903. That is higher than the Coos County average of 0.741%.
What is the average home price in Myrtle Point?
The median owner-occupied home value in Myrtle Point, Oregon is $239,700, against $302,800 across Coos County.
Is it cheaper to rent or buy in Myrtle Point?
Median gross rent in Myrtle Point is $710 a month, against $1,842 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 Myrtle Point — 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.