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Cedar Mill

Learn about the people, housing, costs and businesses in Cedar Mill, Oregon

Median Home$832,845
Median Rent$2,374/month
Population18,400
Leading IndustriesManufacturing · Arts, Food & Hospitality · Healthcare8% manufacturing
Home Value Growth+5.6% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners78% of occupied units
NotableHigh Incomes$183k/year · top 2% nationally
NotableTransit81/100 · excellent transit access
Cedar Mill
OR

Frequently Asked Questions

What are today's mortgage rates in Cedar Mill?

As of today, the 30-year fixed mortgage rate for Cedar Mill is approximately 6.898% (6.934% 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 Cedar Mill?

The median home value in Cedar Mill is $833k. The median monthly rent is $2,374. Annual property taxes average $8k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Cedar Mill?

Home values in Cedar Mill have increased 5.6% over the past two years. This represents moderate growth. 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 Cedar Mill?

Based on a typical all-in ownership cost of $2,355/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $101k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cedar Mill is $183k/year.

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What industries drive the economy in Cedar Mill?

The largest employment sectors in Cedar Mill are public administration (18%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.