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City · 7,676 residents · Jefferson County, Oregon

Madras , Oregon

In Madras, a typical home is worth $330,900 and typical rent is $979 a month. Compared with all of Jefferson County, typical household income is 15% lower, the typical home value is 12% lower, and the share of households that own their home is 17 points lower.

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  • Typical home value

    $330,900

    12% below the county

    31% below Oregon

    • Madras
    • Jefferson
    • Oregon

  • Typical rent

    $979a month

    4% above the county

    36% below Oregon

    • Madras
    • Jefferson
    • Oregon

  • Typical household income

    $64,659a year

    15% below the county

    22% below Oregon

    • Madras
    • Jefferson
    • Oregon

  • Households that own their home

    55%

    17 points below the county

    9 points below Oregon

    • Madras
    • Jefferson
    • Oregon

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$358,521
about the same as 12 months ago

From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).

Madras is in Jefferson County. The FHA loan limit ($718,750 for a one-unit home), the fair market rents and the help on this page are those of all of Jefferson County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Madras apart

What this place has that others do not, from public data, most unusual first.

  1. 55% of households in Madras own their home, against 72% in Jefferson County.

  2. Madras has the 6th lowest typical rent of the 102 cities in Oregon with more than 5,000 people ($979).

  3. The typical household income in Madras is $64,659, 15% less than in Jefferson County as a whole ($76,260).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Madras

What homes there are in Madras, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Detached houses are the majority in Madras (59%), but less so than in Jefferson County (73%).

Year built

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,862 a month

Jefferson County: $1,809 a month

Without a mortgage

$603 a month

Jefferson County: $539 a month

Owners with a mortgage

64%

Jefferson County: 62%

Owning costs about the same in Madras as in Jefferson County: with a mortgage, $1,862 a month; without one, $603.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Madras gained value faster than in Jefferson County: 81% against 67%.

Since 2015–2019, the typical rent in Madras rose 20%, more than in Jefferson County (12%).

Here income gained ground: typical income rose 86%, against +81% for home values and +20% for rent.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureMadrasJefferson CountyOregonUnited States
Rental vacancy Unreliable estimateUnreliable estimate4.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.7%0.9%
More than one person per room Unreliable estimate4.3%3.2%3.4%
People per household 2.912.732.422.53
Drive alone 78%74%65%69%
Carpool 16%14%9%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike Unreliable estimateUnreliable estimate5%3%
Work from home Unreliable estimate9%19%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimateUnreliable estimate20 to 29 minutes20 to 29 minutes

On average, a household in Madras has 2.91 people, more than in Jefferson County (2.73).

To get to work, 78% of workers in Madras drive alone; in Jefferson County, 74%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Madras?

A typical home costs more than the typical income allows

We start with a typical home in Madras, worth $330,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 50% of the typical household income in Madras, which is $64,659 a year. For that payment to be 28% of income, a household would need to earn about $115,611 a year.

The calculator's FHA and conventional loan limits are those of all of Jefferson County.

Your numbers

Local data
$

Starts at the typical home value in Madras. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $11,582 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$2,698

at 7.18% · 30 years

Loan amount
$324,906
Total interest
$467,464
Paid off in
November 2056

Includes $5,588 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,509 a month

  • Tight

    $1,509 to $1,940 a month

  • Hard

    more than $1,940 a month

    Your payment · 50%

Compared with the typical household income in Madras ($64,659 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,698
Principal & interest$2,201
Property tax$212
Home insurance$138
FHA mortgage insurance (MIP)$146

You need at least $11,582 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Madras and Jefferson County

Madras is in Jefferson County, Oregon. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Madras's own numbers

Typical home value
$330,900
Typical monthly rent
$979
Typical yearly household income
$64,659
Households that own their home
55%
Effective property tax rate
0.77%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Jefferson County

FHA limit, one-unit home
$718,750
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,213
Price change over 5 years (FHFA)
+51%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Jefferson County.

Everything about Jefferson County

Buying

Buying a home in Madras

A typical home in Madras is worth $330,900: 12% below the county and 31% below Oregon. With the typical household income in Madras ($64,659 a year), a typical home costs 5.1 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Madras 5.1 years
  • Jefferson 4.9 years
  • Oregon 5.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Jefferson County

According to FHFA’s house price index, home prices in Jefferson County rose 149% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Jefferson County.

Period County Oregon U.S.
Last year (2025) +4.6% +0.9% +2.9%
5 years (2020–2025) +51% +35% +47%
10 years (2015–2025) +149% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Madras next to Jefferson County, Oregon and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Madras $330,900
  • Jefferson $374,200
  • Oregon $477,600
  • United States $332,700
Typical monthly rent
  • Madras $979
  • Jefferson $941
  • Oregon $1,525
  • United States $1,413
Typical yearly household income
  • Madras $64,659
  • Jefferson $76,260
  • Oregon $83,011
  • United States $80,734
See the full table
Madras next to Jefferson County and Oregon
Measure Madras Jefferson County Oregon U.S.
Typical home value $330,900 $374,200 $477,600 $332,700
Typical monthly rent $979 $941 $1,525 $1,413
Typical yearly household income $64,659 $76,260 $83,011 $80,734
Households that own their home 55% 72% 63% 65%
Typical yearly property tax $2,557 $2,591 $3,876 $3,119
Effective property tax rate 0.77% 0.69% 0.81% 0.94%
Renters with high rent for their income 53% 44% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Jefferson County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Madras

For a typical $330,900 home in Madras, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Madras's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $2,698a month

    Least cash to close
    Down payment
    $11,582
    Cash to close
    $21,509
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $146

  • Conventional, 5% down $2,637a month

    Down payment
    $16,545
    Cash to close
    $26,472
    Rate
    7.18%
    Mortgage insurance
    PMI · $157

  • Conventional, 20% down, no PMI $2,144a month

    Down payment
    $66,180
    Cash to close
    $76,107
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,449a month

    Down payment
    $49,635
    Cash to close
    $59,562
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Madras and for Jefferson County.

Property tax

Effective rate in Madras

0.77%of the home’s value each year

$2,557 a year for the typical owner in Madras.

  • Madras 0.77%
  • Jefferson 0.69%
  • Oregon 0.81%

What Oregon publishes 3 percent cap on maximum assessed value (Measure 50) (Oregon Legislature (Oregon Revised Statutes))

Exemptions and deadlines in Oregon

Flood risk in Jefferson County

FEMA does not publish these numbers by city: they are for all of Jefferson County.

FEMA’s maps count no homes in the high-risk zone in Jefferson County. That does not mean it cannot flood: check your address.

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Madras

Typical rent in Madras is $979 a month: 4% above the county. In Madras, 53% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Jefferson County, by unit size. To pay the 2-bedroom one ($1,213 a month) without spending more than 30% of your income, you would need to earn $23.33 an hour working full time.

HUD fair market rent for all of Jefferson County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $921 $17.71 $36,840
1 bedroom $927 $17.83 $37,080
2 bedrooms $1,213 $23.33 $48,520
3 bedrooms $1,680 $32.31 $67,200
4 bedrooms $1,919 $36.90 $76,760

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Madras

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Madras is in ZIP code 97741.

For 2 bedrooms it is $1,440: $227 more than the fair market rent for Jefferson County ($1,213).

  • 97741 $1,440$2,010

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Madras when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Madras

HUD lists 9 buildings with rents for lower incomes in Madras. These are the largest.

  • Crooked River Apts (3 Sites) 950 SW Madison St, Madras 97741 94 homes, 93 low-income · 1 bd: 23 · 2 bd: 56 · 3 bd: 15 · In service since 2013 · For families
  • Riverside Apartments + Chennai Landing 375 SW H St, Madras 97741 65 homes, 64 low-income · 1 bd: 32 · 2 bd: 14 · 3 bd: 18 · 4 bd: 1 · In service since 2016 · For older adults
  • Willow Creek Apts 410 NE Oak St, Madras 97741 40 low-income homes · 1 bd: 10 · 2 bd: 24 · 3 bd: 6 · In service since 1990 · For families
  • Madison Apts 950 SW Madison St, Madras 97741 30 low-income homes · In service since 1995 · For people with disabilities, families
  • Madras Family Housing CTR II 375 SW H St, Madras 97741 24 low-income homes · 2 bd: 6 · 3 bd: 18 · In service since 1998 · For families, people experiencing homelessness

See all 9 buildings in Jefferson County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Madras

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Jefferson County; 1 says it serves in Spanish.

A young woman and a young man point to a line in their notes beside a laptop in a library.

HUD counseling is free or low-cost

Assistance programs in Madras

No down payment, repair or rent-help program on our list is for Madras or Jefferson County. The ones below are statewide in Oregon: they work in Madras the same as in the rest of the state.

Which programs do I qualify for? All programs in Oregon

  • OHCS Down Payment Assistance

    Statewide in Oregon

    Oregon state funds for the down payment and closing costs, delivered by local organizations: up to $60,000 or 20% of the price, sometimes as a grant or as a forgivable second mortgage, for first-time or first-generation buyers with income up to 100% of the area median. Offered by Oregon Housing and Community Services (OHCS).

    GrantForgivable

    See the program Official page

  • FirstHome (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for low- and moderate-income first-time buyers, with down payment assistance of 4% or 5% of the loan as a second mortgage. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

  • NextStep (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for any buyer, including people who have owned a home before, with down payment assistance of 4% or 5% of the loan as a second mortgage that can be forgivable or repayable. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

Housing counselors near Madras

The HUD-approved agencies closest to the center of Madras, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Neighborimpact - Madras Housing Center

    374 SW 5th St, Madras · 3 miles away · Spanish

    Also serves in American Sign Language (ASL).

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (541) 323-6567

  • Neighborimpact

    2303 SW 1st St, Redmond · 28 miles away · Spanish

    Also serves in American Sign Language (ASL).

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (541) 323-6567

  • Neighborimpact - Prineville Housing Center

    457 NE Ochoco Plaza Dr, Prineville · 30 miles away · Spanish

    Also serves in American Sign Language (ASL).

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (541) 323-6567

Every agency in Jefferson County All counseling agencies in Oregon

Help in Spanish near Madras

3 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Madras

HUD lists no housing authority with an office in Jefferson County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Oregon Source: HUD

Cities

Other cities in Jefferson County

These cities are also in Jefferson County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Jefferson County Housing in Oregon

Nearby cities

The cities closest to Madras, with the typical home value.

Neighboring counties

If Jefferson County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Madras.

All guides
Three women of one family talk as they cook vegetables in the kitchen.

Questions

Housing questions about Madras

Short answers with the numbers for Madras and all of Jefferson County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Madras?

The typical home value in Madras is $330,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Jefferson County it is $374,200.

How much does it cost to rent in Madras?

Typical rent in Madras is $979 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Jefferson County is $1,213.

What is the FHA loan limit in Madras?

Madras uses the FHA limit for all of Jefferson County (2026): $718,750 for a one-unit home and $1,382,250 for a four-unit home.

How much property tax do owners pay in Madras?

The typical homeowner in Madras pays $2,557 a year, according to the U.S. Census Bureau. That is 0.77% of the home’s value; in Jefferson County, the rate is 0.69%.

Where can I find free help to buy or rent in Madras?

There is 1 HUD-approved counseling agency with an office in Jefferson County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).