30 Year Fixed
- 5.02 %
15 Year Fixed
- 4.49 %
1-Year ARM
- 3.93 %
5/1 ARM
- 4.19 %
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Guide to Oregon Mortgages

Oregon

Oregon is located in the Pacific Northwest area of the United States and is the 9th largest state in the Nation by area. Oregon was known as the Oregon Territory which was created in 1848 when American settlement of the area started during the 1840’s.

The state’s total population is around 3,747,455 which make it the 27th most populated state in the nation. Its demographics are as follows; 92.95% Caucasian; 2.38% African American; 0.34% American Indian; 4.25% Asian American; 0.50% Mixed. The economy for this state is based upon major industries such as potatoes, peppermint, hops, hazelnut and wine to name a few.  Oregon’s gross state product is estimated at $132.6 billion. The state of Oregon has no state sales tax

Oregon has a population that is mostly populated within the Willamette Valley. The largest city in the state is Portland with a population of 568,380, followed by Euguene with 153, 690, then Salem with 152,290.

Oregon has a generally mild climate with temperatures ranging from 14-48 degrees in the winter and 46-90 degrees in the summer. Precipitation varies depending upon where in the state you live with desert location only getting about 8 inches of rain per year, while coastal area receive upwards of 200 inches.

 

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Oregon Housing Statistics
OregonUSA
Total Housing1,452,709121,699,874
Total Urban1,131,57494,464,240
Total Rural321,13527,235,633
Occupied1,333,723110,754,106
Vacant118,98610,945,767
Owner Occupied856,95173,306,541
Renter Occupied476,77237,447,565
Vacant for Rent37,4822,745,385
Vacant for Sale20,3491,264,534
 
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