Total monthly cost of ownership
Cost to Own a Home in Oakridge, Oregon
A $232,000 home here costs
$1,803per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,193. The real number is $611 higher every month — 51% 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.
Oakridge against Lane County and Oregon
| Measure | Oakridge | Lane County |
|---|---|---|
| Median home value | $231,500 | $395,800 |
| Median property tax | $2,031 | $3,417 |
| Effective tax rate | 0.877% | 0.863% |
| Median gross rent | $924 | $1,287 |
| Population | 3,197 | 382,628 |
The weather behind that power bill
Oakridge sits in Lane County, which averages a high of 80.0°F in its hottest month and a low of 36.9°F in its coldest, with 46.03" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 277 cooling and 4,484 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Lane County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lane County
Common questions
How much does it cost to own a home in Oakridge?
A $232,000 home in Oakridge, Oregon costs approximately $1,803 per month with 20% down at 6.66%. That is $1,193 principal and interest, $170 property tax, $33 homeowners insurance, $214 utilities and $193 set aside for maintenance.
What is the property tax rate in Oakridge?
Oakridge has an effective property tax rate of 0.877%, based on a median home value of $231,500 and median real estate taxes of $2,031. That is higher than the Lane County average of 0.863%.
What is the average home price in Oakridge?
The median owner-occupied home value in Oakridge, Oregon is $231,500, against $395,800 across Lane County.
Is it cheaper to rent or buy in Oakridge?
Median gross rent in Oakridge is $924 a month, against $1,803 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 Oakridge — 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.