Total monthly cost of ownership
Cost to Own a Home in Prineville Lake Acres, Oregon
A $415,000 home here costs
$2,890per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,134. The real number is $757 higher every month — 35% 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.
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 $146 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
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 $2,890 per month with 20% down at 6.66%. That is $2,134 principal and interest, $137 property tax, $60 homeowners insurance, $214 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 $2,890 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 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.