Oregon Homeowners Insurance Calculator 2026 — Annual Cost
Last updated: April 2026 · Source: Zillow, Freddie Mac, Tax Foundation
Quick Answer
Homeowners insurance in Oregon averages $1,100/year or $92/month for a $450K home. This is below the US national average of $1,900/year. Rates vary by location, coverage level, and home age.
Oregon Housing & Mortgage Data
| Median Home Price | $450,000 |
| 30-Year Fixed Rate | 6.92%(State average, Apr 2026) |
| Property Tax Rate | 0.93%(Effective rate) |
| Avg HO Insurance | $1,100/yr ($92/mo) |
| Typical Down Payment | 10% ($45,000) |
| Median Household Income | $70,000/yr |
Key Facts for Oregon
- ✓Oregon median home price is $450,000 as of 2026
- ✓30-year fixed mortgage rates in Oregon average 6.92%
- ✓Property taxes in Oregon are 0.93% — near the national average of 1.10%
- ✓Homeowners insurance averages $1,100/year in Oregon
- ✓A household earning $112,500/year can typically afford the median Oregon home
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Frequently Asked Questions — Homeowners Insurance Calculator in Oregon
- What does homeowners insurance cover in Oregon?
- Standard homeowners insurance in Oregon covers your dwelling (structure), personal property, liability, and additional living expenses if you must temporarily relocate. Oregon's average premium of $1,100/year is below the national average.
- Is homeowners insurance required in Oregon?
- Homeowners insurance is not legally required in Oregon, but virtually all mortgage lenders require it as a condition of the loan. Without a mortgage, you can self-insure, but this is rarely advisable given the cost of rebuilding a home. Flood insurance is separate and required in FEMA-designated flood zones.
- What is the average mortgage payment in Oregon?
- The average monthly mortgage payment (principal + interest) in Oregon is approximately $2,673 for a $405,000 loan at 6.92% over 30 years. Adding property tax ($349/mo) and homeowners insurance ($92/mo) brings total PITI to about $3,113/month.
- What credit score do I need for a mortgage in Oregon?
- Most Oregon lenders require a minimum 620 credit score for conventional loans and 580 for FHA loans (with 3.5% down). For the best rates in Oregon, aim for 740+. A higher score can reduce your rate by 0.5–1.0%, saving $60,750 over the life of a 30-year loan.
- How much down payment is required to buy a home in Oregon?
- You can buy a home in Oregon with as little as 0% down (VA, USDA loans for eligible buyers), 3% down (conventional), or 3.5% down (FHA). On the Oregon median home price of $450,000, a 20% down payment is $90,000 and lets you avoid PMI. Oregon also has state-level down payment assistance programs for first-time buyers.
- What are current mortgage rates in Oregon?
- Current 30-year fixed mortgage rates in Oregon average 6.92% as of April 2026. 15-year fixed rates are typically 0.5–0.75% lower. Rates vary by lender, credit score, and loan-to-value ratio. Compare at least 3–5 lenders to ensure you get the best Oregon mortgage rate.
- What is the property tax rate in Oregon?
- Oregon's effective property tax rate is 0.93%. On the Oregon median home value of $450,000, annual property taxes are approximately $4,185 ($349/month). Property taxes in Oregon are typically escrowed in your monthly mortgage payment.