Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroomSaved on this device

Chicago · Registered nurse · $98,500 · One adult, renting a 1-bedroom

Portland, OR

Housing in Portland, OR: Rent, Home Prices & Property Tax

$1,416/mo (1 bd) in Portland. Median home $526,500. Property tax 0.91%.

Compare vs Chicago Rank metros from PortlandHow we figure this

Rent (1 bd): $1,416; /mo
Buy: $3,544; Mortgage, tax, insurance
Buying costs more: $2,128; /mo

State tax and rent

To buy

20% down payment$105,300
Mortgage at 6.5%$2,662
Property tax (0.91% of value)$399/mo · $4,791/yr
Insurance and upkeep$483
Monthly total$3,544

49.4% of renters spend 30% or more of income on rent. Census ACS 2023.

Months to 20% down

$2,330 left each month. About 46 months (3.8 years) to save $105,300.

Asking rent. Census median home price. 30-year fixed, 6.5%, 20% down. Not lending advice.

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