Compare Clackamas, OR mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Clackamas.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Clackamas. Plus, shopping lenders is free and there is no obligation.
June 26, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Clackamas. Understand how much you need to earn to afford a home in Clackamas, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Clackamas fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Clackamas is right for you.
The median home value for Clackamas, OR is $564,306
Based on current mortgage rates and a 10% down payment, you need to make $92,459 per year to buy the median priced home in Clackamas
With this income, you could qualify for a $507,876 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Clackamas is $2,141
The median household income for Clackamas, OR is $86,788
Based on this income, you can afford a home valued at approximately $529,690
The home price you can afford to buy based on household income in Clackamas is 94% of the median home value which means housing prices are expensive. Clackamas ranks 31 out of 36 counties in Oregon and 3,058 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Clackamas, OR is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Clackamas below.
Conforming loan limits for Clackamas, OR
FHA loan limits for Clackamas, OR
VA loan limits for Clackamas, OR