Quick facts: Veneta, OR

Quick Facts

111
Cost of Living
above US average
5,159
Population
45.55
Crime Rate per 1000
above US average
$58,825
Median Income
below US average
$427,900
Median House Price
above US average
$1533.0
Average Rent
above US average
5%
Poverty Rate
below US average
3.2%
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 $58,825.

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Income Needed to Buy

βœ— Stretch
$134k/year
Based on $427,900 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $134k vs median $58,825
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Income Needed to Rent

⚠ Stretch
$66k/year
Based on $1533.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $66k vs median $58,825
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Veneta, OR

Veneta is a small city located in Lane County, Oregon, with a population of approximately 5,000 residents. Nestled within the scenic landscapes of the Willamette Valley, Veneta offers a blend of rural charm and community spirit. The city is known for its vibrant local culture, where residents enjoy various outdoor activities, thanks to its proximity to parks and natural areas. The Fern Ridge Reservoir, situated just a short drive away, provides excellent opportunities for fishing, boating, and hiking. Veneta hosts several community events throughout the year, including the annual Veneta Community Barbecue and the West Lane County Festival, which celebrates local art, music, and food. The city’s economy is primarily supported by small businesses, agriculture, and tourism, benefiting from its close-knit community atmosphere. Veneta is also conveniently located near Eugene, making it a quiet haven for those seeking a balance between rural and urban living. Overall, Veneta, Oregon, encapsulates the warmth of small-town life amidst beautiful natural surroundings.

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