Quick facts: Jefferson, OR

Quick Facts

111
Cost of Living
above US average
3,304
Population
4.54
Crime Rate per 1000
below US average
$87,604
Median Income
above US average
$425,000
Median House Price
above US average
$2411.25
Average Rent
above US average
10%
Poverty Rate
below US average
3.5%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $87,604.

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Income Needed to Buy

βœ— Stretch
$133k/year
Based on $425,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $133k vs median $87,604
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Income Needed to Rent

⚠ Stretch
$103k/year
Based on $2411.25/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $103k vs median $87,604
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Jefferson, OR

Jefferson, Oregon, is a quaint city located in Marion County, nestled along the picturesque Santiam River. With a population of around 3,000 residents, Jefferson offers a small-town atmosphere while providing access to nearby larger cities like Salem. The city has a rich history, established in the mid-1800s, and is known for its proximity to outdoor recreational activities, including fishing, hiking, and boating. The local community is tight-knit, hosting events that foster camaraderie among residents. Jefferson features several parks, including the popular Jefferson City Park, which offers picnic areas and walking trails. The city also has a burgeoning agricultural scene, with various farms and orchards contributing to its charm. Education is served by the Jefferson School District, providing quality schooling for children in the area. The city boasts a few local shops and eateries, emphasizing community-oriented businesses. Jefferson is an ideal spot for those seeking a peaceful lifestyle with the convenience of urban amenities nearby, making it a hidden gem in the Willamette Valley.

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