Home Affordability in Eugene, OR
The median home price in Eugene is $400,000 with a median household income of $48,920. Housing is significantly stretched relative to local incomes.
Median Home Price
$400,000
Median Income
$48,920
Price-to-Income Ratio
8.2x
Est. Affordable Home
$190,000
Property Tax Rate
1.07%
Annual Property Tax
$4,280
Sales Tax Rate
0.00%
Cost of Living Index
110
Buying a Home in Eugene
Based on the 28% rule (spending no more than 28% of gross income on housing), a household earning the median income of $48,920 in Eugene can afford a monthly housing payment of approximately $1,141. This translates to a home price of roughly $190,000, which is below the median home price of $400,000 — many households may need a higher income, larger down payment, or should consider more affordable neighborhoods.
Property taxes on a median-priced home in Eugene would be approximately $4,280 per year ($357/month) at the effective rate of 1.07%.
Down Payment Scenarios
| Down Payment | Amount | Loan Amount | PMI Required |
|---|---|---|---|
| 3% | $12,000 | $388,000 | Yes |
| 5% | $20,000 | $380,000 | Yes |
| 10% | $40,000 | $360,000 | Yes |
| 20% | $80,000 | $320,000 | No |
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