Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Philomath

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

Median Home$421,641
Median Rent$1,489/month
Population5,759
Leading IndustriesPublic Administration · Education · Arts, Food & Hospitality26% public administration
Home Value Growth+8.6% over 2 years
Retirees33% of residentstop 4% nationally
Homeowners66% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Philomath
OR

Frequently Asked Questions

What are today's mortgage rates in Philomath?

As of today, the 30-year fixed mortgage rate for Philomath is approximately 6.864% (6.899% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Philomath
What is the median home price in Philomath?

The median home value in Philomath is $422k. The median monthly rent is $1,489. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Philomath?

Home values in Philomath have increased 8.6% 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 Philomath?

Based on a typical all-in ownership cost of $1,507/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $65k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Philomath is $78k/year.

Calculate your buying power
What industries drive the economy in Philomath?

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