Total monthly cost of ownership
Cost to Own a Home in Saunders Lake, Oregon
A $397,000 home here costs
$2,945per 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 $126,000 a year.
A standard mortgage calculator would have told you $2,164. The real number is $780 higher every month, 36% more than the payment most buyers budget for.
Compare Coos County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Saunders Lake from a five-year rolling sample, and with about 1,495 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 Coos 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.
Saunders Lake against Coos County and Oregon
| Measure | Saunders Lake | Coos County |
|---|---|---|
| Median home value | $396,500 | $302,800 |
| Median property tax | $2,199 | $2,243 |
| Effective tax rate | 0.555% | 0.741% |
| Median gross rent | $1,367 | $992 |
| Population | 1,495 | 64,832 |
The weather behind that power bill
Saunders Lake sits in Coos County, which averages a high of 73.6°F in its hottest month and a low of 36.4°F in its coldest, with 54.86" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 34 cooling and 4,315 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Coos County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Coos County
Talk to someone who works this market
These are Saunders Lake 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 Saunders Lake every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Saunders Lake I already own here and may sell
Common questions
How much does it cost to own a home in Saunders Lake?
A $397,000 home in Saunders Lake, Oregon costs approximately $2,945 per month with 20% down at 7.24%. That is $2,164 principal and interest, $184 property tax, $57 homeowners insurance, $208 utilities and $331 set aside for maintenance.
What is the property tax rate in Saunders Lake?
Saunders Lake has an effective property tax rate of 0.555%, based on a median home value of $396,500 and median real estate taxes of $2,199. That is lower than the Coos County average of 0.741%.
What is the average home price in Saunders Lake?
The median owner-occupied home value in Saunders Lake, Oregon is $396,500, against $302,800 across Coos County.
Is it cheaper to rent or buy in Saunders Lake?
Median gross rent in Saunders Lake is $1,367 a month, against $2,945 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 Saunders Lake?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Saunders Lake, Oregon at today's rate takes a household income of roughly $126,000 a year. That covers the full $2,945 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Saunders Lake, 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.