<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=1955936548054264&amp;ev=PageView&amp;noscript=1">
States-Banner-Oregon

Key Takeaways for Oregon Home Buyers:

Here's what you need to know to get started if you’re looking at buying in the Beaver State.

Average Home Prices in Oregon

As of April 2025, the median sale price for a single-family home in Oregon is $489,133.

Average home price:

  • Portland: $536,333
  • Salem: $430,167
  • Eugene: $476,450
  • Bend: $776,500
  • Medford: $412,955

Source: zillow.com/home-values

Average Home Size in Oregon

The average size for a single-family home in Oregon is approximately 1,886 square feet.

Average home size:

  • Portland: 1,070 square feet
  • Salem: 1,842 square feet
  • Eugene: 1,796 square feet
  • Bend: 1,995 square feet
  • Medford: 1,853 square feet

Source: https://fred.stlouisfed.org/

Oregon State Taxes

  • Oregon has a state income tax with rates ranging from 4.75% to 9.90%.
  • The average effective property tax rate in Oregon is about 0.78% of a home’s assessed value, below the national average.
  • Oregon does not levy a general sales tax, giving residents one of the nation’s few sales‑tax‑free states.

How Much Can You Afford in Oregon?

Ideal
Monthly Payment:
$750.00

affordability graph legend
$750.00
$1050
$1350

Mortgage Questions?
Churchill has Answers!

Are you buying a home or refinancing?

Where are you planning to buy a home?

Please Select a State

When are you planning to buy a home?

What is your timeline?:

What is your full name?

Please Enter a Name
Please Enter a Last Name

What is your email address?

Please Enter a Valid Email Address
  We won't share your information.

Next, we need to verify a phone number.

Enter a Valid Phone Number
Please Select a Message Type

Enter your phone number and we'll text you a 6-digit security code to verify it's you. Standard texting and data rates may apply. Message frequency may vary. Text the word HELP to 615-488-4941 for more information. You can opt out by responding STOP at any time. For more information, read our Privacy Policy, Mobile Policyand Terms & Conditions..

Enter the 6-digit code sent to your device.

 Code sent to +1234567890

Finally, how did you hear about us?

Please Select an Option

By submitting this form, I/we agree to your Privacy Policy, Email and Mobile Policy, Terms of Use and authorize Churchill Mortgage Corporation and/or their Preferred Provider for our area and/or The Churchill Agency to receive the above information to assist in obtaining a home loan.

I/we also authorize Churchill Mortgage Corporation, The Churchill Agency and/or their Preferred Provider for our area to contact us regarding but not limited to mortgage and insurance services and products via telephone, mobile phone (including through automated dialing), and/or email, even if telephone numbers or email I/we provide are on any Do Not Call/Contact Registry, such as corporate, state, or the National Do Not Call Registry. The submission of this form does not constitute in any way a formal loan application or a commitment for a loan. By communicating with us by phone, you consent to calls being recorded and monitored. By participating, you consent to receive SMS text messages sent by an automatic telephone dialing system. Message and data rates may apply. Message frequency may vary. Text the word HELP to 615-488-4941 for more information. You can opt out by responding STOP at any time. For more information, read our Privacy Policy, Mobile Policyand Terms & Conditions. Consent to these terms is not a condition of purchase.

Your answer will NOT negatively affect your mortgage application. Your answer does not mean the Lender or Other Loan Participants agree to communicate or provide documents to you in your preferred language. However, it may let them assist you or direct you to persons who can assist you. Language assistance and resources may be available through housing counseling agencies approved by the U.S. Department of Housing and Urban Development. To find a housing counseling agency, contact one of the following Federal government agencies. U.S. Department of Housing and Urban Development (HUD) at (800)569-4287 or www.hud.gov/counseling

Es probable que su transacción de préstamo hipotecario suceda en inglés. Por medio de esta pregunta, solicitamos información para determinar si existen comunicaciones disponibles a su servicio, en su idioma preferido. Sírvase tener en cuenta: posiblemente NO hay comunicaciones disponibles en su idioma preferido.

Thank You!

Thank you for choosing Churchill Mortgage to help you with your home loan needs!

Our team is already hard at work connecting you with your Home Loan Specialist. Rest assured that we've received your request and will be in touch with you shortly.

social proof logos

Already working with someone at Churchill?

Find Your Home Loan Specialist

Please Select a Loan Officer

Oregon Down Payment Assistance Programs

National Homebuyers Fund FHA Program

This down payment assistance program helps buyers get into a home with little to no upfront cost, offering up to 101.5% financing through an FHA first mortgage and a second lien.

purchase-g-radio
More about this program
  • FHA loan covers 96.5% of the purchase price
  • Second lien covers 3.5% or 5% for down payment or closing costs
  • Minimum credit score: 600 (660 for manual underwriting)
  • No first-time buyer requirement
  • No max DTI with DU/LP approval
  • Homebuyer education required (Fannie Mae HomeView – free online)
  • Non-occupant co-borrowers allowed
  • Eligible properties: Single-family homes, duplexes (2 units), PUDs, condos (agency approved), townhomes, manufactured homes allowed (except single-wides)

National Community Lending Program

This program supports low- to moderate-income buyers with down payment assistance and flexible financing to make homeownership more accessible.

purchase-g-radio
More about this program
  • 30-year fixed-rate conventional mortgage
  • Second lien offers up to 4% for down payment assistance
  • Max LTV/CLTV: 97% / 105%
  • Income limit: Up to 140% of area median income (AMI)
  • Minimum credit score: 660
  • DTI: Lesser of 50% or AUS approval
  • Eligible properties: Single-family detached or attached homes, single-family homes with accessory units (must be zoned single-family), PUDs and condominiums, rural properties (must be residential in nature)

Churchill Mortgage is an approved lender for these down payment assistance programs. Contact us today to see if you qualify!

Frequently Asked Questions

Check our FAQs for responses to our most popular questions from Oregon Home Buyers.

Cash 1
How Much Should I Budget for Closing Costs in Oregon?

Oregon home buyers typically spend 2% to 5% of the home’s purchase price on closing costs. On a $350,000 home, plan to budget roughly $7,000 to $17,500.

You will receive your estimated closing costs from your Home Loan Specialist in a Loan Estimate after you apply for your home loan, and final closing costs in your Closing Disclosure document provided before your official closing day.

Bank
What Are the Most Popular Home Loan Types in Oregon?

Home buyers in Oregon have access to a variety of mortgage options tailored to different financial situations and homeownership goals. The most commonly utilized loan types include:

  • Conventional Loans – Fixed‑rate mortgages ideal for buyers with strong credit and at least 3–5% down.

  • FHA Loans – Backed by the Federal Housing Administration; require just 3.5% down and flexible credit guidelines.

  • VA Loans – No‑down‑payment options for eligible veterans, active‑duty service members, and select spouses.

  • USDA Loans – 100% financing for qualified buyers in rural areas, with income and location limits.

 

Collaboration
How Can I Find a Trusted Local Oregon Realtor to Work With?

Churchill Mortgage's experienced Home Loan Specialists work closely with a network of trusted, local real estate agents across the state of Oregon. Just ask for a referral and we'll provide you with a professional who is committed to finding the right home for you.

 
Search 3
How Do Schools Rank in Oregon?

Oregon offers a mix of standout public school districts and high-achieving schools, particularly in the Portland metro and select regions statewide.

  • Lake Oswego School District – Ranked #1 in the state, boasting a 95%+ graduation rate, strong STEM, arts, and AP/IB programs. 

  • West Linn–Wilsonville School District – Top-ranked for personalized learning, tech integration, and high college acceptance rates. 

  • Beaverton School District – One of Oregon's largest, with strong academic achievement, dual-language programs, and diverse student support services.

  • Sherwood School District – Known for high test scores, active community involvement, and robust STEAM offerings. 

  • Corvallis School District – Offers excellent environmental education, gifted programs, and arts opportunities partnered with Oregon State University. 

These districts consistently earn A+ grades and serve as benchmarks for Oregon’s overall educational quality.

For school-specific ratings, graduation data, and test scores, view the Oregon School Report Cards from the Oregon Department of Education.

Reviews from Oregon Home Buyers

★ ★ ★ ★ ★

Katy and her team went above and beyond for my husband and I. They were very responsive and patient with all of our questions. They also ensured our close date happened as quick as possible and delivered! I am so grateful for the experience we had with Katy and her team."

Kathryn K.
Salem, OR
★ ★ ★ ★ ★

"Lora and her team answered all my questions. Fast response and very down-to-earth people that want to help everyone out with their home buying needs."

Douglas H.
Clatskanie, OR
★ ★ ★ ★ ★

"I felt like we had excellent communication and support from the team. They were patient and when I actually got my part of the work done everything was super smooth and the team was so kind and understanding. They did an excellent job."

Stephanie W.
Central Point, OR

4.9 / 5

gold star gold star gold star gold star gold star

Top Rated Loan Advisors Across the U.S.

Served over 100,000+ happy homeowners!

ramseytrusted-sig-logo_3491f689-ff96-41e5-aebe-117eca068dd6

Read More Reviews on Google!

Oregon Branch Locations

Salem, OR

(503) 334-1073

Visit the Branch Website

1840 W Nob Hill Street SE, Salem OR

Portland, OR

(503) 906-1671

Visit the Branch Website

3544 SW Kanan Dr, Portland, Oregon

Lake Oswego, OR

Visit the Branch Website

10260 SW Greenburg Road, Suite 400, Office 470 Portland, Oregon

Lincoln City, OR

(541) 991-4263

Visit the Branch Website

2840 NE Highway 101, Lincoln City, OR

Astoria, OR

541-680-0260

Visit the Branch Website

Astoria, OR

Churchill Loan Officers in Oregon

Conforming and high balance allowed. Cooperative housing not eligible. Not all applicants will qualify. Not a commitment to lend. Other restriction or limitations to any program may apply.

This calculator is being provided for educational purposes only. The provided values for interest rates are examples only and do not reflect Churchill Mortgage Product terms & offers. The results are estimates that are based on information you provided and may not reflect Churchill Mortgage Product terms. The information cannot be used by Churchill Mortgage to determine a customer's eligibility for a specific product or service. All financial calculators are provided by a third-party and are not controlled by or under the control of Churchill Mortgage. Churchill Mortgage is not responsible for the content, results, or the accuracy of information.

These calculations are hypothetical examples designed to for illustration purposes only. Consult a Home Loan Specialist for more specific information regarding payments, terms, etc.

Sources:
https://www.attomdata.com/data/us-real-estate/wa/

As a responsible lender, Churchill Mortgage is committed to the principles outlined in federal and state lending laws ensuring all potential borrowers have access to the same information, services, and opportunities throughout the home loan process.