CALCMONEY // HOME AFFORDABILITY // OR // EUGENE
How much house can you afford in Eugene? Based on local median home prices, current OR mortgage rates, and Eugene property tax data.
$420,000
$2,710/mo
$116,138/yr
$135,958
Monthly housing costs of $2,710 represent 62.5% of Eugene's median gross monthly income ($4,333/mo). At 62.5%, median-income buyers in Eugene are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $420,000 |
| Down Payment (20%) | $84,000 |
| Loan Amount | $336,000 |
| Monthly PI Payment | $2,213 |
| Monthly Property Tax | $322 |
| Monthly Insurance Est. | $175 |
| Total Monthly PITI | $2,710 |
| Housing Cost % of Income | 62.5% |
| Required Income (28% rule) | $116,138/yr |
| Max Affordable Home | $135,958 |
$14,700
$3,453/mo
Eugene Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $420,000 | Eugene city median |
| Down Payment (20%) | $84,000 | Conventional loan |
| Monthly PITI | $2,710 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $116,138 | Annual gross |
| Max Affordable Home | $135,958 | Based on median income |
| FHA Down (3.5%) | $14,700 | Minimum FHA |
| Housing Cost % of Income | 62.5% | Median income: $52,000/yr |
| Property Tax Rate | 0.92% | $3,864/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Eugene is $420,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $336,000, generating a monthly P&I payment of $2,213. Adding property taxes ($322/mo) and homeowners insurance ($175/mo) brings total monthly PITI to $2,710.
Eugene's property tax rate of 0.92% is near the national average, adding a standard increment to monthly housing costs. On the Eugene median home, that is $322/month, or $3,864 per year.
Oregon levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Eugene should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Eugene's median income of $52,000/year can afford up to $1,213/month in total housing costs. Based on Eugene's mortgage rate of 6.9% and property tax rate of 0.92%, that translates to a maximum affordable home price of approximately $135,958 with 20% down on a 30-year loan.
To afford the median Eugene home priced at $420,000, you need an annual gross income of approximately $116,138. Total monthly housing costs (principal and interest of $2,213, property taxes of $322, and insurance of $175) come to $2,710/month, which equals 28% of the required income.
At the median home price of $420,000 and median household income of $52,000, the total monthly housing cost of $2,710 represents 62.5% of gross monthly income. This is well above the standard 28% threshold, making Eugene a challenging market for buyers at median income.
A conventional 20% down payment on the median Eugene home of $420,000 is $84,000. An FHA loan requires just 3.5% down — $14,700 — but adds mortgage insurance of roughly $287/month, bringing total FHA payments to $3,453/month.