CALCMONEY // MORTGAGE // OR // PORTLAND
Calculate your monthly mortgage payment using Portland-specific property tax rates and local market data.
$510,000
6.9%
0.91%
119
| Principal & Interest | $2,687 |
| Property Tax | $387 |
| Homeowners Insurance (est.) | $170 |
| Total Monthly Payment (PITI) | $3,244 |
$102,000
$559,352
$139,022/yr
The median home price in Portland is $510,000, above the national median of $420,000. With a median household income of $76,000, the price-to-income ratio is 6.7x — meaning buyers typically spend 6.7 years of gross income on the purchase price.
Property taxes in Portland run 0.91% of assessed value. On the median home, that is $4,641 per year, or $387 per month added to your mortgage payment. This is close to the national average of 1.1%.
Oregon has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Portland is 119 (national average = 100). Expect to pay more for groceries, transportation, and services in addition to housing.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $408,000 loan saves $18,360 in interest over 30 years.
Compare Top Portland Mortgage LendersNeighborhood-level data for 5 ZIP codes in Portland. Rates, home prices, and estimated payments vary by area.