Total monthly cost of ownership
Cost to Own a Home in Shady Cove, Oregon
A $249,000 home here costs
$2,013per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $86,500 a year.
A standard mortgage calculator would have told you $1,368. The real number is $645 higher every month, 47% more than the payment most buyers budget for.
Compare Jackson County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Shady Cove from a five-year rolling sample, and with about 3,083 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 Jackson 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.
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 $141 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
Talk to someone who works this market
These are Shady Cove 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 Shady Cove every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Shady Cove I already own here and may sell
Common questions
How much does it cost to own a home in Shady Cove?
A $249,000 home in Shady Cove, Oregon costs approximately $2,013 per month with 20% down at 7.32%. That is $1,368 principal and interest, $193 property tax, $36 homeowners insurance, $209 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 $2,013 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 Shady Cove?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Shady Cove, Oregon at today's rate takes a household income of roughly $86,500 a year. That covers the full $2,013 monthly cost, not just the mortgage payment.
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.