Total monthly cost of ownership
Cost to Own a Home in Three Rivers, Oregon
A $470,000 home here costs
$3,506per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $150,500 a year.
A standard mortgage calculator would have told you $2,603. The real number is $903 higher every month, 35% more than the payment most buyers budget for.
Compare Deschutes County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Three Rivers from a five-year rolling sample, and with about 3,966 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 Deschutes 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.
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 $141 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
Talk to someone who works this market
These are Three Rivers 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 Three Rivers every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Three Rivers I already own here and may sell
Common questions
How much does it cost to own a home in Three Rivers?
A $470,000 home in Three Rivers, Oregon costs approximately $3,506 per month with 20% down at 7.4%. That is $2,603 principal and interest, $235 property tax, $68 homeowners insurance, $209 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 $3,506 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 Three Rivers?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Three Rivers, Oregon at today's rate takes a household income of roughly $150,500 a year. That covers the full $3,506 monthly cost, not just the mortgage payment.
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.