Oregon Mortgage Calculator 2026

Calculate your monthly mortgage payment for a home in Oregon (OR). The median home price in Oregon is $454,200, with an effective property tax rate of 0.83% (ranked #25 nationally). Use our free calculator to compare FHA, VA, USDA, and conventional loan options with real Oregon data.

Oregon Property Tax Information

Oregon has an effective property tax rate of 0.83%, ranking #25 among all 50 states. The median annual property tax is $3,767 ($314/month). Source: Tax Foundation 2025.

Oregon Loan Limits 2026

FHA loan limit in Oregon: $524,225 (floor) to $1,209,750 (ceiling for high-cost areas). Conforming loan limit: $806,500 (baseline) to $1,209,750 (ceiling). Oregon has designated high-cost areas with higher limits.

Estimated Monthly Payment in Oregon

For a median-priced home of $454,200 with 20% down ($90,840), at 6.5% interest over 30 years: estimated monthly principal and interest is $2,297, plus $314 in property taxes and approximately $125 in homeowner's insurance, for a total estimated payment of approximately $2,736/month.

Oregon Closing Costs

Average closing costs in Oregon are $3,207 (0.67% of purchase price), ranked #33 nationally. Oregon does not charge a transfer tax. Source: Bankrate/LodeStar 2025.

Oregon Housing Market 2026

Home prices in Oregon have increased 0.5% year-over-year. Average days on market: 45. Inventory level: moderate. Currently considered a buyer's market.

Down Payment Assistance Programs in Oregon

Oregon offers 2 down payment assistance programs through Oregon Housing and Community Services (OHCS):

  • Oregon Bond Residential Loan Program (forgivable loan): Forgivable over 10 years. Below-market rates. - Up to Up to $15,000
  • Oregon Homeownership Assistance Program (second mortgage): Administered through 21 local organizations statewide. - Up to Varies by program

Contact OHCS: https://www.oregon.gov/ohcs | Phone: 503-986-2000

Did You Know About Oregon?

  • Oregon has no sales tax and most counties have no transfer tax
  • Portland metro has high-cost loan limits
  • Property taxes capped at 3% annual increase (Measure 50)
  • Strong housing affordability programs through local nonprofits

Frequently Asked Questions About Buying a Home in Oregon

What is the average property tax rate in Oregon?

The effective property tax rate in Oregon is 0.83%, with a median annual tax of $3,767. This ranks #25 among all states.

What are the FHA loan limits in Oregon for 2026?

The FHA loan floor in Oregon is $524,225 and the ceiling is $1,209,750 for high-cost areas. The conforming loan limit baseline is $806,500.

How much are closing costs in Oregon?

Average closing costs in Oregon are $3,207, which is approximately 0.67% of the purchase price.

Are there first-time homebuyer programs in Oregon?

Yes, Oregon offers 2 down payment assistance programs through Oregon Housing and Community Services, including grants, forgivable loans, and second mortgages.

Is Oregon a good place to buy a home in 2026?

With a median home price of $454,200 and moderate inventory, Oregon is currently a buyer's market. Home prices have increased 0.5% over the past year.

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Data last updated: 2025-11. This information is for educational purposes only and should not be considered financial advice.