Quick facts: Marcola, OR

Quick Facts

111
Cost of Living
above US average
5,446
Population
38.38
Crime Rate per 1000
above US average
$112,039
Median Income
above US average
$379,000
Median House Price
above US average
$1757
Average Rent
above US average
8%
Poverty Rate
below US average
3.3%
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 $112,039.

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Income Needed to Buy

βœ— Stretch
$119k/year
Based on $379,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $119k vs median $112,039
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Income Needed to Rent

βœ“ Affordable
$75k/year
Based on $1757/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($112,039) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Marcola, OR

Marcola, Oregon, is a small, unincorporated community located in Lane County, nestled in the western part of the state. It is about 15 miles east of Eugene, a larger city known for its vibrant culture and outdoor activities. Marcola is surrounded by picturesque landscapes, including lush forests and rolling hills, making it a great spot for nature enthusiasts. The community features a mix of residential homes, farmland, and small businesses, with a close-knit atmosphere. Its rural setting allows residents to enjoy a quiet lifestyle while still being within a short drive to the amenities of Eugene, such as shopping, dining, and recreational activities. One of the area's notable attractions is the nearby McKenzie River, famous for fishing, kayaking, and hiking trails. The region is characterized by its temperate climate, with wet winters and warm, dry summers, making it suitable for various outdoor pursuits year-round. Marcola is also a part of the Eugene School District, serving local families and contributing to the community's sense of togetherness. Overall, Marcola offers a tranquil living environment close to natural beauty and urban conveniences.

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