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Oregon

Learn about the people, housing, costs and businesses across Oregon

Median Home$499,744
Median Rent$1,559/month
Population4,254,293
Leading IndustriesConstruction · Agriculture & Mining · Arts, Food & Hospitality3% construction
Home Value Growth+5.8% over 2 years
Young Adults30% of residentsslightly above average
Homeowners63% of occupied units
NotableTransit67/100 · excellent transit access
Oregon

Frequently Asked Questions

What are today's mortgage rates in Oregon?

As of today, the 30-year fixed mortgage rate for Oregon is approximately 6.819% (6.857% 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 Oregon?

The median home value in Oregon is $500k. The median monthly rent is $1,559. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Oregon?

Home values in Oregon have increased 5.8% 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 Oregon?

Based on a typical all-in ownership cost of $1,602/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $69k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Oregon is $89k/year.

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What industries drive the economy in Oregon?

The largest employment sectors in Oregon are public administration (24%) and healthcare (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.