Total monthly cost of ownership
Cost to Own a Home in Oregon City, Oregon
A $531,000 home here costs
$4,027per 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 $172,500 a year.
A standard mortgage calculator would have told you $2,895. The real number is $1,132 higher every month, 39% more than the payment most buyers budget for.
Compare Clackamas 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.
Oregon City against Clackamas County and Oregon
| Measure | Oregon City | Clackamas County |
|---|---|---|
| Median home value | $531,400 | $577,900 |
| Median property tax | $4,857 | $5,051 |
| Effective tax rate | 0.914% | 0.874% |
| Median gross rent | $1,606 | $1,693 |
| Population | 37,482 | 422,308 |
The weather behind that power bill
Oregon City sits in Clackamas County, which averages a high of 79.0°F in its hottest month and a low of 32.5°F in its coldest, with 68.95" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 201 cooling and 5,625 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Clackamas County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clackamas County
Full Clackamas County cost breakdown · Every county in Oregon
Talk to someone who works this market
These are Oregon 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 Oregon City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Oregon City I already own here and may sell
Common questions
How much does it cost to own a home in Oregon City?
A $531,000 home in Oregon City, Oregon costs approximately $4,027 per month with 20% down at 7.24%. That is $2,895 principal and interest, $404 property tax, $77 homeowners insurance, $208 utilities and $443 set aside for maintenance.
What is the property tax rate in Oregon City?
Oregon City has an effective property tax rate of 0.914%, based on a median home value of $531,400 and median real estate taxes of $4,857. That is higher than the Clackamas County average of 0.874%.
What is the average home price in Oregon City?
The median owner-occupied home value in Oregon City, Oregon is $531,400, against $577,900 across Clackamas County.
Is it cheaper to rent or buy in Oregon City?
Median gross rent in Oregon City is $1,606 a month, against $4,027 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 Oregon City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Oregon City, Oregon at today's rate takes a household income of roughly $172,500 a year. That covers the full $4,027 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Oregon 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.