Multnomah County, OR Closing Cost Calculator

With a median home value of $510,000, Multnomah County is 65% above the national median of $310,000 — placing it firmly in premium territory where careful loan-type selection matters.

A 20% down payment on a median Multnomah County home requires $102,000 in cash — or $17,850 for an FHA-minimum 3.5% down payment. Buyers with less than 20% down will also need to budget for PMI or FHA MIP.

Based on the 1.01% effective rate and a median home value of $510,000, a typical homeowner in Multnomah County pays approximately $5,151 in annual property taxes — or $429 per month added to their mortgage payment.

Multnomah County's property tax rate of 1.01% is close to the national average of 1.10%. On a median-priced home of $510,000, expect an annual tax bill of approximately $5,151.

Sources: Tax Foundation 2025

Homeowners insurance in Multnomah County runs approximately $1,350/year ($113/month), in line with the national average of $1,600.

Premium quotes in Multnomah County typically range from $900 to $2,000 per year depending on home age, construction type, coverage limits, and your insurer. Always get multiple quotes.

Sources: NAIC 2024

A buyer purchasing the median Multnomah County home ($510,000) with FHA's minimum 3.5% down would borrow $492,150 — well within the $623,450 baseline FHA limit for this county. FHA financing is a viable option for most buyers here.

With 20% down on a median-priced home, the loan amount of $408,000 stays $424,750 below the $832,750 conforming limit — giving buyers access to conventional Fannie/Freddie pricing without jumbo underwriting.

Sources: HUD ML 2025-23, FHFA 2026