Total monthly cost of ownership
Cost to Own a Home in Three Rivers, Oregon
A $470,000 home here costs
$3,325per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,416. The real number is $908 higher every month — 38% 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.
Three Rivers against Deschutes County and Oregon
| Measure | Three Rivers | Deschutes County |
|---|---|---|
| Median home value | $470,400 | $596,000 |
| Median property tax | $2,819 | $3,670 |
| Effective tax rate | 0.599% | 0.616% |
| Median gross rent | $2,231 | $1,674 |
| Population | 3,966 | 203,026 |
The weather behind that power bill
Three Rivers sits in Deschutes County, which averages a high of 84.1°F in its hottest month and a low of 19.0°F in its coldest, with 19.12" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 85 cooling and 7,661 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Deschutes County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Deschutes County
Full Deschutes County cost breakdown · Every county in Oregon
Common questions
How much does it cost to own a home in Three Rivers?
A $470,000 home in Three Rivers, Oregon costs approximately $3,325 per month with 20% down at 6.66%. That is $2,416 principal and interest, $235 property tax, $68 homeowners insurance, $214 utilities and $392 set aside for maintenance.
What is the property tax rate in Three Rivers?
Three Rivers has an effective property tax rate of 0.599%, based on a median home value of $470,400 and median real estate taxes of $2,819. That is lower than the Deschutes County average of 0.616%.
What is the average home price in Three Rivers?
The median owner-occupied home value in Three Rivers, Oregon is $470,400, against $596,000 across Deschutes County.
Is it cheaper to rent or buy in Three Rivers?
Median gross rent in Three Rivers is $2,231 a month, against $3,325 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 Three Rivers — 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.