Morrow County, OR real estate

Market data, tax and rent figures from the 2024 Census survey.

Median home value

$240,400Median home value · Census

Property tax rate

0.81%Below state avg 0.81%Median bill $1,946/yr · Census

Median rent

$9952-bed $849Per month · Census

30-yr mortgage rate

7.24%Freddie Mac weekly average

What the numbers say

Morrow County, OR real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Morrow County pay a median of $1,946 a year in property taxes on a median home value of $240,400, an effective rate of about 0.81%. The Oregon average is 0.81%, which makes Morrow County the #26 lowest-tax of 36 counties in the state with published tax data.

Renters pay a median of $995 a month, and $849 for a two-bedroom. At today's prices a typical home costs about 20 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $240,000 home here comes to about $1,573 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $67,000 a year (the median household here earns $75,448).

Monthly payment on a typical home

$1,573/mo
  • Principal & interest$1,311
  • Property tax$162
  • Insurance (est.)$100

$240,000 home · 20% down · 7.24% 30-year fixed

Run your own numbers

Rents in Morrow County by bedrooms

1 bedroom$1,314Same as state
2 bedrooms$84944% below state
3 bedrooms$1,29430% below state
4 bedrooms$93656% below state

Median gross rent (rent plus utilities), US Census American Community Survey 2024 5-year estimates.

Selling here?See what you'd walk away with after commissions and closing costs.Seller net sheet → Buying here?Monthly payment with Morrow County's real property tax rate.Mortgage calculator → Agent here?Find out how many listing appointments you need to hit your income goal.Agent income calculator →

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Sources: Realtor.com housing inventory (monthly) and Freddie Mac Primary Mortgage Market Survey (weekly), via FRED, Federal Reserve Bank of St. Louis; US Census Bureau American Community Survey 5-year estimates (property taxes, home values, rents, income). Insurance is an estimate. Medians for the whole county; individual homes vary. For information only.