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Boring

Learn about the people, housing, costs and businesses in Boring, Oregon

Median Home$743,300
Median Rent$1,498/month
Population2,094
Leading IndustriesWholesale Trade · Arts, Food & Hospitality · Construction14% wholesale trade
Home Value Growth+1.4% over 2 years
Retirees23% of residentsslightly above average
Homeowners91% of occupied units
NotableHigh Incomes$139k/year · top 5% nationally
Boring
OR

Frequently Asked Questions

What are today's mortgage rates in Boring?

As of today, the 30-year fixed mortgage rate for Boring is approximately 6.831% (6.865% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Boring?

The median home value in Boring is $743k. The median monthly rent is $1,498. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Boring?

Home values in Boring have increased 1.4% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Boring?

Based on a typical all-in ownership cost of $2,011/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $86k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Boring is $139k/year.

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What industries drive the economy in Boring?

The largest employment sectors in Boring are public administration (20%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.