Quick facts: Oregon city, OR

Quick Facts

102.3
Cost of Living
above US average
37,327
Population
25.72
Crime Rate per 1000
above US average
$90,174
Median Income
above US average
$615,000
Median House Price
above US average
$1802.51
Average Rent
above US average
7%
Poverty Rate
below US average
3.7%
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 $90,174.

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Income Needed to Buy

βœ— Stretch
$193k/year
Based on $615,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $193k vs median $90,174
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Income Needed to Rent

βœ“ Affordable
$77k/year
Based on $1802.51/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($90,174) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Oregon city, OR

Oregon City, located in Clackamas County, Oregon, is a historic city situated along the Willamette River, just south of Portland. As one of the oldest incorporated cities west of the Rocky Mountains, it boasts a rich history dating back to the Oregon Trail era. The city is renowned for its charming downtown area, which features a mix of historic buildings, boutiques, cafes, and restaurants. Oregon City is home to the iconic Willamette Falls, one of the largest waterfalls by volume in the U.S., offering stunning views and recreational opportunities. The area is also well-known for its outdoor activities, including hiking, biking, and fishing, with numerous parks and trails in the vicinity. The city's population is around 37,000 residents, and it offers a suburban feel with a strong sense of community. Oregon City has a well-regarded school system and is a growing hub for families and professionals working in the Portland metropolitan area. Its proximity to major highways and public transportation makes it easily accessible while providing a quieter lifestyle away from the hustle of nearby Portland.

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