WhereCanIAfford › Portland, OR › On $425,000

Is Portland, OR affordable on a $425,000 salary?

YES On $425,000/yr, the typical $553,092 home in Portland, OR needs $166,162/yr ($3,877/mo). Your gap: +$258,838 — housing would be 10.9% of your gross income.

The math

553,092 price − 10% down (55,309) = 497,783 loan
30-yr fixed at 6.69% on 497,783 = 3,209/mo principal+interest
+ 668/mo est. taxes+insurance (1.45%/yr of value — national placeholder)
3,877/mo PITI ÷ 0.28 = 13,847/mo → 166,162/yr required

against Zillow ZHVI 2026-06 and the 6.69% FRED 30-yr rate (2026-08-06).

What salary WOULD clear Portland, OR?

You need about $166,162/yr for the typical home. On $425,000 you already clear it by $258,838.

On $400,000? On $450,000? On $475,000?

See the full Portland, OR affordability breakdown → or every metro you can afford on $425,000 →