Total monthly cost of ownership
Cost to Own a Home in West Haven-Sylvan, Oregon
A $744,000 home here costs
$5,632per 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 $241,500 a year.
A standard mortgage calculator would have told you $4,121. The real number is $1,511 higher every month, 37% more than the payment most buyers budget for.
Compare Multnomah County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
West Haven-Sylvan against Multnomah County and Oregon
| Measure | West Haven-Sylvan | Multnomah County |
|---|---|---|
| Median home value | $743,900 | $528,000 |
| Median property tax | $6,893 | $5,061 |
| Effective tax rate | 0.927% | 0.959% |
| Median gross rent | $1,830 | $1,582 |
| Population | 8,265 | 803,863 |
West Haven-Sylvan extends across 2 counties. Figures here use Multnomah County, where most of its housing sits.
The weather behind that power bill
West Haven-Sylvan sits in Multnomah County, which averages a high of 82.3°F in its hottest month and a low of 37.2°F in its coldest, with 40.66" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 427 cooling and 4,155 heating degree days, which is what sets the $141 electricity line above.
See the full climate breakdown for Multnomah County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Multnomah County
Full Multnomah County cost breakdown · Every county in Oregon
Talk to someone who works this market
These are West Haven-Sylvan 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 West Haven-Sylvan every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in West Haven-Sylvan I already own here and may sell
Common questions
How much does it cost to own a home in West Haven-Sylvan?
A $744,000 home in West Haven-Sylvan, Oregon costs approximately $5,632 per month with 20% down at 7.4%. That is $4,121 principal and interest, $575 property tax, $107 homeowners insurance, $209 utilities and $620 set aside for maintenance.
What is the property tax rate in West Haven-Sylvan?
West Haven-Sylvan has an effective property tax rate of 0.927%, based on a median home value of $743,900 and median real estate taxes of $6,893. That is lower than the Multnomah County average of 0.959%.
What is the average home price in West Haven-Sylvan?
The median owner-occupied home value in West Haven-Sylvan, Oregon is $743,900, against $528,000 across Multnomah County.
Is it cheaper to rent or buy in West Haven-Sylvan?
Median gross rent in West Haven-Sylvan is $1,830 a month, against $5,632 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 West Haven-Sylvan?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in West Haven-Sylvan, Oregon at today's rate takes a household income of roughly $241,500 a year. That covers the full $5,632 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for West Haven-Sylvan, 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.