Compare Grants Pass, 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 Grants Pass.
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May 24, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Grants Pass. Understand how much you need to earn to afford a home in Grants Pass, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Grants Pass 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 Grants Pass is right for you.
The median home value for Grants Pass, OR (Josephine County) is $382,202
Based on current mortgage rates and a 10% down payment, you need to make $62,622 per year to buy the median priced home in Grants Pass
With this income, you could qualify for a $343,982 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 Grants Pass is $1,450
The median household income for Grants Pass, OR (Josephine County) is $51,420
Based on this income, you can afford a home valued at approximately $313,833
The home price you can afford to buy based on household income in Grants Pass is 82% of the median home value which means housing prices are expensive. Grants Pass (Josephine County) ranks 35 out of 36 counties in Oregon and 3,094 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Grants Pass, OR is expensive
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Grants Pass (Josephine County) below.
Conforming loan limits for Grants Pass, OR
FHA loan limits for Grants Pass, OR
VA loan limits for Grants Pass, OR