Total monthly cost of ownership
Cost to Own a Home in Prineville Lake Acres, Oregon
A $415,000 home here costs
$3,013per 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 $129,000 a year.
A standard mortgage calculator would have told you $2,263. The real number is $751 higher every month, 33% more than the payment most buyers budget for.
Compare Crook County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Prineville Lake Acres from a five-year rolling sample, and with about 1,589 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Crook County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Prineville Lake Acres against Crook County and Oregon
| Measure | Prineville Lake Acres | Crook County |
|---|---|---|
| Median home value | $415,200 | $423,300 |
| Median property tax | $1,642 | $2,703 |
| Effective tax rate | 0.395% | 0.639% |
| Median gross rent | $877 | $1,224 |
| Population | 1,589 | 25,651 |
The weather behind that power bill
Prineville Lake Acres sits in Crook County, which averages a high of 89.0°F in its hottest month and a low of 22.6°F in its coldest, with 12.46" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 388 cooling and 6,248 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Crook County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Crook County
Talk to someone who works this market
These are Prineville Lake Acres 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 Prineville Lake Acres every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Prineville Lake Acres I already own here and may sell
Common questions
How much does it cost to own a home in Prineville Lake Acres?
A $415,000 home in Prineville Lake Acres, Oregon costs approximately $3,013 per month with 20% down at 7.24%. That is $2,263 principal and interest, $137 property tax, $60 homeowners insurance, $208 utilities and $346 set aside for maintenance.
What is the property tax rate in Prineville Lake Acres?
Prineville Lake Acres has an effective property tax rate of 0.395%, based on a median home value of $415,200 and median real estate taxes of $1,642. That is lower than the Crook County average of 0.639%.
What is the average home price in Prineville Lake Acres?
The median owner-occupied home value in Prineville Lake Acres, Oregon is $415,200, against $423,300 across Crook County.
Is it cheaper to rent or buy in Prineville Lake Acres?
Median gross rent in Prineville Lake Acres is $877 a month, against $3,013 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 Prineville Lake Acres?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Prineville Lake Acres, Oregon at today's rate takes a household income of roughly $129,000 a year. That covers the full $3,013 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Prineville Lake Acres, 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.