Total monthly cost of ownership
Cost to Own a Home in Prineville, Oregon
A $365,000 home here costs
$2,764per 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 $118,500 a year.
A standard mortgage calculator would have told you $1,990. The real number is $774 higher every month, 39% more than the payment most buyers budget for.
Compare Crook 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.
Prineville against Crook County and Oregon
| Measure | Prineville | Crook County |
|---|---|---|
| Median home value | $364,600 | $423,300 |
| Median property tax | $2,501 | $2,703 |
| Effective tax rate | 0.686% | 0.639% |
| Median gross rent | $1,245 | $1,224 |
| Population | 11,187 | 25,651 |
The weather behind that power bill
Prineville 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 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 every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Prineville I already own here and may sell
Common questions
How much does it cost to own a home in Prineville?
A $365,000 home in Prineville, Oregon costs approximately $2,764 per month with 20% down at 7.24%. That is $1,990 principal and interest, $209 property tax, $53 homeowners insurance, $208 utilities and $304 set aside for maintenance.
What is the property tax rate in Prineville?
Prineville has an effective property tax rate of 0.686%, based on a median home value of $364,600 and median real estate taxes of $2,501. That is higher than the Crook County average of 0.639%.
What is the average home price in Prineville?
The median owner-occupied home value in Prineville, Oregon is $364,600, against $423,300 across Crook County.
Is it cheaper to rent or buy in Prineville?
Median gross rent in Prineville is $1,245 a month, against $2,764 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?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Prineville, Oregon at today's rate takes a household income of roughly $118,500 a year. That covers the full $2,764 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Prineville, 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.