How Much House Can You Afford in Oregon?
Lenders typically use the 28/36 rule: your monthly housing payment should not exceed 28% of gross monthly income, and total debt payments should stay under 36%. With Oregon's median income of $72,000/year ($6,000/month), that means a maximum housing payment of roughly $1,680/month.
At 6.82% over 30 years with a 12% down payment ($58,800), that monthly budget supports a purchase price of approximately $465,500–$490,000. The median home price in Oregon is $490,000, which means housing is near the national average.