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Myrtle Point

Learn about the people, housing, costs and businesses in Myrtle Point, Oregon

Median Home$276,548
Median Rent$946/month
Population2,615
Leading IndustriesPublic Administration · Wholesale Trade · Professional Services27% public administration
Home Value Growth⬆⬆+14.9% over 2 years
Retirees25% of residentsabove average nationally
Homeowners72% of occupied units
NotableVeteran Community12% of residents · top 6% nationally
NotableHighly Educated25% hold a bachelor's degree · top 18% nationally
Myrtle Point
OR

Frequently Asked Questions

What are today's mortgage rates in Myrtle Point?

As of today, the 30-year fixed mortgage rate for Myrtle Point is approximately 6.832% (6.866% 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 Myrtle Point?

The median home value in Myrtle Point is $277k. The median monthly rent is $946. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Myrtle Point?

Home values in Myrtle Point have increased 14.9% 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 Myrtle Point?

Based on a typical all-in ownership cost of $913/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Myrtle Point is $49k/year.

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What industries drive the economy in Myrtle Point?

The largest employment sectors in Myrtle Point are public administration (27%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.