Mortgage payment estimates, closing cost breakdowns, and homebuying data for Coos Bay, Oregon.
Median Home Price
$295K
Population
16K
Avg Monthly Rent
$1,080
Property Tax Rate
0.93% *
* Property tax shown is the Oregon state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Coos Bay.
Coos Bay vs Oregon Median
The median home price in Coos Bay is $295,000, which is 39% below the Oregon state median of $480,000.
Mortgage Calculator — Coos Bay, OR
Pre-filled with Coos Bay median home price and Oregon tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $295K home using Oregon's 0.93% tax rate and $1,400/yr insurance.
5% Down
$2,280/mo
Down: $14,750
Loan: $280K
P&I: $1,771
Tax: $229
Insurance: $117
PMI: $163
10% Down
$2,178/mo
Down: $29,500
Loan: $266K
P&I: $1,678
Tax: $229
Insurance: $117
PMI: $155
20% Down (No PMI)
$1,837/mo
Down: $59,000
Loan: $236K
P&I: $1,492
Tax: $229
Insurance: $117
Income needed (28% rule): $79K/year with 20% down, $93K/year with 10% down.
Rent vs Buy in Coos Bay
Rent
$1,080/mo
vs
Buy (10% down)
$2,178/mo
Price-to-rent ratio: 22.8 — At a ratio above 20, renting may be more economical in Coos Bay for shorter stays. Buying costs $1,098 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Coos Bay is $295,000, 39% below the Oregon state median of $480,000. With a population of 16,027, Coos Bay is a smaller market where home prices tend to be more accessible than in many parts of Oregon.
Property taxes in Oregon average 0.93% annually. This moderate property tax rate means a $295,000 home in Coos Bay would carry roughly $229/month in property taxes. Homeowners insurance in Oregon runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Coos Bay is $1,080/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Coos Bay presents moderate affordability. The $295K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Coos Bay.