Total monthly cost of ownership
Cost to Own a Home in Shady Cove, Oregon
A $249,000 home here costs
$1,931per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,280. The real number is $650 higher every month — 51% 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.
Shady Cove against Jackson County and Oregon
| Measure | Shady Cove | Jackson County |
|---|---|---|
| Median home value | $248,800 | $400,200 |
| Median property tax | $2,312 | $3,032 |
| Effective tax rate | 0.929% | 0.758% |
| Median gross rent | $1,086 | $1,310 |
| Population | 3,083 | 222,563 |
The weather behind that power bill
Shady Cove sits in Jackson County, which averages a high of 91.6°F in its hottest month and a low of 32.5°F in its coldest, with 18.43" of precipitation a year and 48% of it in a single three-month stretch. That climate drives 908 cooling and 4,203 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Jackson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Jackson County
Common questions
How much does it cost to own a home in Shady Cove?
A $249,000 home in Shady Cove, Oregon costs approximately $1,931 per month with 20% down at 6.66%. That is $1,280 principal and interest, $193 property tax, $36 homeowners insurance, $214 utilities and $208 set aside for maintenance.
What is the property tax rate in Shady Cove?
Shady Cove has an effective property tax rate of 0.929%, based on a median home value of $248,800 and median real estate taxes of $2,312. That is higher than the Jackson County average of 0.758%.
What is the average home price in Shady Cove?
The median owner-occupied home value in Shady Cove, Oregon is $248,800, against $400,200 across Jackson County.
Is it cheaper to rent or buy in Shady Cove?
Median gross rent in Shady Cove is $1,086 a month, against $1,931 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 Shady Cove — 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.