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Yamhill County, OR

Rent vs Own in Yamhill County, Oregon

HUD prices a 2-bedroom in Yamhill County at $1,922/mo while the ownership stack lands near $2,808/mo. That mid-sized gap is large enough that rate or down-payment tweaks usually cannot close it alone. Owner-occupied homes: 27,249.

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Renting is cheaper in Yamhill County

A 2-bedroom rental here runs $1,922/mo, meaningfully below the $2,808/mo ownership stack on the default assumptions. That is a $886/mo difference.

Based on 20% down, 6.5% rate, 30-year mortgage. Adjust below.

What This Data Tells Us About Renting vs Owning in Yamhill County

Primary driver

The purchase price is the larger hurdle

Median household income is $90,063, so the 5.2x home-price-to-income ratio is the binding constraint here, even before the 3.8% of income that goes to property tax. Buyers in this band usually need a larger down payment or a longer commute to a cheaper ZIP before the monthly ownership math clears.

Decision signal 2

Renting wins by a mid-sized monthly gap

Yamhill County lists a $471,700 median home with $3,425/yr property tax (0.73%). HUD's $1,922/mo 2-bedroom rent undercuts the ~$2,808/mo ownership stack by a mid-range margin of about $886/mo. Closing that gap usually takes more than a cosmetic rate tweak, price, tax load, or both.

Decision signal 3

The county sits near the state middle

Using the assumptions above, Yamhill County ranks 14 of 36 Oregon counties for buy-vs-rent value (rank 1 = the best relative deal for buying). It sits ahead of 22 other Oregon counties on this measure.

Decision signal 4

HUD moved the rent benchmark down

HUD cut its 2-bedroom Fair Market Rent for Yamhill County from $1,997/mo in FY2025 to $1,922/mo in FY2026: it decreased by $75/mo (-3.8%). A falling benchmark narrows the case for buying here, and it usually reflects HUD re-estimating the local market rather than existing rents being cut.

Methodology & disclaimer

This calculator is for informational purposes only and is not tax, legal, or financial advice. Property tax figures come from the U.S. Census Bureau ACS 5-Year Estimates and rent figures come from HUD Fair Market Rents; both describe area medians, not individual transactions. Insurance is estimated at 0.35% of home value annually and closing costs, maintenance, HOA, and PMI are not included. Consult a licensed mortgage, tax, or real-estate professional before making a buy-or-rent decision based on these numbers.

Monthly Cost Breakdown

Estimated Monthly Ownership
$2,808
Mortgage (P&I) $2,385
Property Tax $285
Insurance (est.) $138
Monthly Rent (2-BR FMR)
$1,922
Studio$1,570
1-Bedroom$1,677
2-Bedroom$1,922
3-Bedroom$2,619
4-Bedroom$3,109

Adjust Your Scenario

Affordability Context

Median Household Income
$90,063
$7,505/mo
Home Price / Income
5.2x
Expensive (>5x)
Tax-to-Income Ratio
3.8%
National benchmark: 2-4%

Who actually pays it here

Even with the loan gone, the largest group of Yamhill County owners still owes $3,000 or more every year - a recurring holding cost of a few hundred dollars a month, which is why "paid off" understates the real cost of keeping property here.

Yamhill County matches the national pattern: six-figure earners between $100,000 and $200,000 account for more of these write-offs than any other local group.

With ownership already mid-range more expensive than rent month-to-month, that annual bill reinforces why cash-flow renters stay put unless they are deliberately buying for tenure rather than monthly savings.

Bill bands are Census ACS counts of owner-occupied homes without a mortgage. Income brackets are IRS Statistics of Income county data for tax year 2022, counted over FILERS reporting real-estate taxes on Schedule A, which is a smaller group than homeowners: most filers take the standard deduction.

Nearby Counties

Multnomah County
Home: $552,700 Tax: $5,301/yr
Washington County
Home: $588,000 Tax: $4,929/yr
Clackamas County
Home: $611,000 Tax: $5,171/yr
Lane County
Home: $430,600 Tax: $3,536/yr
Marion County
Home: $416,400 Tax: $3,490/yr
Jackson County
Home: $430,200 Tax: $3,174/yr

Frequently Asked Questions

Is it cheaper to rent or buy in Yamhill County, Oregon? ▼
Renting the HUD 2-bedroom is the clearer monthly path in Yamhill County by roughly $886/mo under default loan assumptions. Closing a gap this size usually needs a meaningfully lower price or rate, not a cosmetic tweak.
What is the average rent in Yamhill County? ▼
HUD prices a 2-bedroom unit at $1,922/mo here. Sizing up matters: going from a studio to a 4-bedroom adds about $1,539/mo, so the per-bedroom jump is worth checking against your actual space needs before assuming the 2-BR figure applies to your situation.
How much house can you afford in Yamhill County? ▼
On the common 3x-income guideline, a $90,063 household here can afford up to $270,189 -- about $201,511 short of this county's $471,700 median home. That gap is typically closed with a larger down payment, dual incomes, or a longer search outside the median price band.
What is the median home price in Yamhill County? ▼
$471,700, per the Census Bureau's ACS 5-Year Estimates. The property tax on that value works out to roughly 0.73% a year, in line with typical rates for the area.
How does Yamhill County compare to other Oregon counties for renting vs buying? ▼
Out of 36 Oregon counties ranked here on buy-vs-rent value, Yamhill County lands at spot 14, roughly in the middle of the pack statewide. The <a href="/states/oregon">Oregon state page</a> lists every peer county's tax bill beside this one.
Is rent going up or down in Yamhill County? ▼
HUD's 2-bedroom Fair Market Rent figure has fallen 3.8% between the FY2025 and FY2026 publications, the two most recent years tracked here.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from the U.S. Census Bureau (American Community Survey). See our methodology for details. Retrieved and formatted by PlainPropertyTax

Source: U.S. Census Bureau, Government Finances State and local property tax revenue by jurisdiction · 2025

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