Salem, OR mortgage calculator

Salem
Mortgage
Calculator

Salem is Oregon's capital, with a state-government and agriculture-driven economy offering more affordable prices than Portland. Marion County's property tax rate is close to the statewide average.

1.15% county property tax
Real local rates
No sign-up required
$
$
Interest rate6.48%
Monthly payment
$2,568
P&I · Taxes · Insurance
Total interest
$406,628
Principal & Interest$2,018/mo
Property Tax (1.15%)$383/mo
Homeowners Insurance$167/mo

Recommended for incomes above $115k/yr (28% DTI rule)

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1.15%
Salem area property tax rate
$400,000
Salem median home price
$2,568
est. monthly payment at defaults

Salem housing market

$400,000
Median home price
$58,000
Median household income
175,535
City population

The 1.15% property tax rate reflects the county-level effective rate for Salem and is used to calculate your monthly tax escrow above. This rate may differ from the statewide Oregon average — county-level data produces more accurate monthly payment estimates for Salem buyers. Many Salem properties also carry HOA fees — the area average is approximately $100/month, which is not included in the calculator above.

Rate history

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