How much a $300K homebuying budget will get you in Oregon: Analysis
PORTLAND, Ore. (KOIN) — Prices for homes continue to trend upward in Oregon and across the West as demand continues to rise — so what will a fixed $300,000 homebuying budget get you in Oregon?
GoBankingRates researchers analyzed how much a $300,000 homebuying budget would get for each U.S. state as of March 2023, and it’s no surprise that Oregon was in the bottom 10 for people looking for a home on a fixed budget.
As of March 2023, the average home value in Oregon was $491,195. When GoBankingRates researchers divided that by the $300,000 budget, they found that potential homeowners would only get 61.08% of the home.
It was worse in Washington, which had an average home value of $576,090 in March 2023, and a $300,000 budget would only get 52.08% of the home.
Here are the worst states for the supposed $300,000 budget, according to researchers at the personal finance website.
Idaho
New Hampshire
New Jersey
Oregon
Utah
Colorado
Washington
Massachusetts
California
Hawaii
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As for the best states for this $300,000 budget?
Source: KOIN.com
