Quick facts: Beaverton, OR

Quick Facts

110.5
Cost of Living
above US average
97,053
Population
31.01
Crime Rate per 1000
above US average
$88,899
Median Income
above US average
$525,000
Median House Price
above US average
$1902.2
Average Rent
above US average
7%
Poverty Rate
below US average
3.6%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $88,899.

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Income Needed to Buy

βœ— Stretch
$165k/year
Based on $525,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $165k vs median $88,899
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Income Needed to Rent

βœ“ Affordable
$82k/year
Based on $1902.2/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($88,899) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Beaverton, OR

Beaverton, Oregon, is a vibrant city located in the Tualatin Valley, just west of Portland. With a population of over 100,000, it is known for its family-friendly neighborhoods and diverse community. Beaverton offers a mix of urban amenities and natural beauty, including numerous parks and proximity to the picturesque Tualatin River. The city is home to a range of businesses, including several tech companies, notably in the Silicon Forest, which is a region known for its tech industry. Beaverton's downtown area has been revitalized with shops, restaurants, and cultural attractions, making it a hub for locals and visitors alike. The public education system in Beaverton is highly regarded, with multiple schools consistently earning high ratings. The city also hosts events like the Beaverton Night Market and various seasonal festivals, enriching its cultural fabric. Beaverton's location offers easy access to public transportation, with MAX Light Rail services connecting it to Portland, making commuting convenient. Its blend of suburban charm and urban accessibility makes it an attractive place to live and work.

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