Calculate using real Eugene data. Median home price: $380,000. Property tax rate: 1.06%.
With the median household income of $49,810 in Eugene, OR, following the 28% rule, you could afford a monthly payment of about $1,162.
The cost of living index in Eugene, OR is 105 (national average = 100). A home at the median price of $380,000 would require roughly 7.6x the median income.
A conventional 20% down payment on the median Eugene, OR home ($380,000) would be $76,000. FHA loans may require as little as 3.5% ($13,300).