Income needed to buy a home
Lake County, OR
$63,786
a year in household income to buy the typical Lake County home with 10% down.
The monthly math
Typical home value$196,055
Down payment (10%)$19,606
Loan$176,450
Principal and interest (7.40%)$1,222/mo
Property tax (0.58% a year)$95/mo
Homeowners insurance (estimate)$98/mo
Mortgage insurance$74/mo
Total monthly cost$1,488/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Right at the edge
The typical household here earns $62,787 a year, 98% of what it takes.
In Oregon
Lake County ranks #1 of 36 for the income a home takes, from least to most.
Easiest to afford in Oregon
| County | Typical home | Income needed |
|---|---|---|
| Harney County | $221,363 | $73,024 |
| Gilliam County | $249,477 | $83,011 |
| Grant County | $288,406 | $92,019 |
| Sherman County | $290,073 | $95,731 |
| Baker County | $302,005 | $99,529 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.