Total monthly cost of ownership
Cost to Own a Home in Tri-City, Oregon
A $241,000 home here costs
$1,869per 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 $80,000 a year.
A standard mortgage calculator would have told you $1,314. The real number is $555 higher every month, 42% more than the payment most buyers budget for.
Compare Douglas County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Tri-City from a five-year rolling sample, and with about 4,362 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 Douglas 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.
Tri-City against Douglas County and Oregon
| Measure | Tri-City | Douglas County |
|---|---|---|
| Median home value | $240,800 | $283,200 |
| Median property tax | $1,329 | $1,869 |
| Effective tax rate | 0.552% | 0.660% |
| Median gross rent | $935 | $995 |
| Population | 4,362 | 111,807 |
The weather behind that power bill
Tri-City sits in Douglas County, which averages a high of 85.9°F in its hottest month and a low of 36.8°F in its coldest, with 32.07" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 607 cooling and 3,913 heating degree days, which is what sets the $140 electricity line above.
See the full climate breakdown for Douglas County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Douglas County
Talk to someone who works this market
These are Tri-City 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 Tri-City every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Tri-City I already own here and may sell
Common questions
How much does it cost to own a home in Tri-City?
A $241,000 home in Tri-City, Oregon costs approximately $1,869 per month with 20% down at 7.24%. That is $1,314 principal and interest, $111 property tax, $35 homeowners insurance, $208 utilities and $201 set aside for maintenance.
What is the property tax rate in Tri-City?
Tri-City has an effective property tax rate of 0.552%, based on a median home value of $240,800 and median real estate taxes of $1,329. That is lower than the Douglas County average of 0.660%.
What is the average home price in Tri-City?
The median owner-occupied home value in Tri-City, Oregon is $240,800, against $283,200 across Douglas County.
Is it cheaper to rent or buy in Tri-City?
Median gross rent in Tri-City is $935 a month, against $1,869 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 Tri-City?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Tri-City, Oregon at today's rate takes a household income of roughly $80,000 a year. That covers the full $1,869 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Tri-City, 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.