Mortgage payment estimates, closing cost breakdowns, and homebuying data for Eugene, Oregon.
Median Home Price
$415K
Population
177K
Avg Monthly Rent
$1,450
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 Eugene.
Eugene vs Oregon Median
The median home price in Eugene is $415,000, which is 14% below the Oregon state median of $480,000.
Mortgage Calculator — Eugene, OR
Pre-filled with Eugene median home price and Oregon tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $415K home using Oregon's 0.93% tax rate and $1,400/yr insurance.
5% Down
$3,160/mo
Down: $20,750
Loan: $394K
P&I: $2,492
Tax: $322
Insurance: $117
PMI: $230
10% Down
$3,017/mo
Down: $41,500
Loan: $374K
P&I: $2,361
Tax: $322
Insurance: $117
PMI: $218
20% Down (No PMI)
$2,537/mo
Down: $83,000
Loan: $332K
P&I: $2,098
Tax: $322
Insurance: $117
Income needed (28% rule): $109K/year with 20% down, $129K/year with 10% down.
Rent vs Buy in Eugene
Rent
$1,450/mo
vs
Buy (10% down)
$3,017/mo
Price-to-rent ratio: 23.9 — At a ratio above 20, renting may be more economical in Eugene for shorter stays. Buying costs $1,567 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 Eugene is $415,000, 14% below the Oregon state median of $480,000. With a population of 176,654, Eugene is a mid-size city 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 $415,000 home in Eugene would carry roughly $322/month in property taxes. Homeowners insurance in Oregon runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Eugene is $1,450/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.
Eugene is a higher-cost market. At $415K median, buyers need significant savings or strong income. Down payment assistance through Oregon's OHCS Oregon Bond program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Eugene.