Mortgage Calculator & Closing Costs: Pendleton, OR
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Pendleton, Oregon.
Median Home Price
$275K
Population
17K
Avg Monthly Rent
$1,050
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 Pendleton.
Pendleton vs Oregon Median
The median home price in Pendleton is $275,000, which is 43% below the Oregon state median of $480,000.
Mortgage Calculator — Pendleton, OR
Pre-filled with Pendleton median home price and Oregon tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $275K home using Oregon's 0.93% tax rate and $1,400/yr insurance.
5% Down
$2,133/mo
Down: $13,750
Loan: $261K
P&I: $1,651
Tax: $213
Insurance: $117
PMI: $152
10% Down
$2,039/mo
Down: $27,500
Loan: $248K
P&I: $1,564
Tax: $213
Insurance: $117
PMI: $144
20% Down (No PMI)
$1,720/mo
Down: $55,000
Loan: $220K
P&I: $1,391
Tax: $213
Insurance: $117
Income needed (28% rule): $74K/year with 20% down, $87K/year with 10% down.
Rent vs Buy in Pendleton
Rent
$1,050/mo
vs
Buy (10% down)
$2,039/mo
Price-to-rent ratio: 21.8 — At a ratio above 20, renting may be more economical in Pendleton for shorter stays. Buying costs $989 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 Pendleton is $275,000, 43% below the Oregon state median of $480,000. With a population of 16,906, Pendleton 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 $275,000 home in Pendleton would carry roughly $213/month in property taxes. Homeowners insurance in Oregon runs approximately $1,400 per year. This is within the normal range nationally.
Average rent in Pendleton is $1,050/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.
Pendleton presents moderate affordability. The $275K 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 Pendleton.