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Chemult

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

Median Home$320,200
Median Rent$876/month
Population79
Leading IndustriesManufacturing · Agriculture & Mining · Construction2% manufacturing
Home Value Growth⬆⬆+19.2% over 2 years
Retirees25% of residentsabove average nationally
Homeowners91% of occupied units
NotableTransit84/100 · excellent transit access
Chemult
OR

Frequently Asked Questions

What are today's mortgage rates in Chemult?

As of today, the 30-year fixed mortgage rate for Chemult is approximately 6.994% (7.034% 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 Chemult?

The median home value in Chemult is $320k. The median monthly rent is $876. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Chemult?

Home values in Chemult have increased 19.2% over the past two years. This indicates a strong appreciation trend. 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 Chemult?

Based on a typical all-in ownership cost of $704/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Chemult is $58k/year.

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What industries drive the economy in Chemult?

The largest employment sectors in Chemult are public administration (26%) and retail (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.