Reverse mortgages in Beaverton
Beaverton homeowners look at reverse mortgages for different reasons: paying off a mortgage, covering care, or building a cash cushion. Here is how the local numbers shape that decision.
| Measure | Beaverton | Oregon | U.S. |
|---|---|---|---|
| Residents 65 and older | 14.6% | 21% | 18.9% |
| Owner-occupied homes | 50.5% | 63.3% | 65.2% |
| Median home value | $569,800 | $477,600 | $332,700 |
| Monthly owner costs, no mortgage | $876 | $684 | $638 |
| Monthly owner costs, with mortgage | $2,413 | $2,157 | $1,963 |
| Median household income | $98,622 | $83,011 | $80,734 |
| Veterans | 3,657 | 246,300 | 16,185,883 |
Monthly owner costs are medians and include taxes, insurance, utilities and any mortgage. The Census reports these up to $4,000.
What a Washington County reverse loan does not cover
Your property tax, insurance, HOA dues and repairs stay your responsibility. Beaverton owners without a mortgage report about $876 a month for those kinds of costs and utilities.
Missing them is the most common way a reverse loan goes wrong, so build in a reserve. A home that sits in disrepair can also cause problems, because you agree to keep it maintained.
Is $1,537 a month the number that matters?
That is about how much less a Beaverton owner without a mortgage spends each month than one with a mortgage, going by Census medians of $876 and $2,413.
It is a broad measure, since homes and loans differ, but it shows why removing a required payment can matter more than a lump of cash. Interest still builds on the balance, so the saving is paid for out of your equity.
Home prices around Beaverton
The latest FHFA reading has the Portland-Vancouver-Hillsboro metro area at +1.4% year over year. The longer view is +21.2% since 2021. Compared with the +15.8% statewide five-year figure, that is faster than the state.
If your home tracked the index, a value of $569,800 today means about $470,000 five years ago. That $100,000 difference is what makes a reverse loan possible for owners who thought they had little to work with.
With prices moving slowly, do not plan around future gains. Build the plan on what the home is worth today and on how quickly the balance would grow.
A younger city, with long-time owners
Only 14.6% of Beaverton residents are 65 or older, compared with 21% across Oregon. That does not mean reverse loans are rare here. It means the owners who ask usually bought long ago, in a city that has since filled with younger households.
If you are in that group, your best comparison is often against a sale, because younger buyer demand can be a real asset when you decide to move.
Property tax help in Washington County
With monthly no-mortgage costs of $876 here, tax relief is worth checking first. Oregon's Senior and Disabled Property Tax Deferral has a 2026 household income limit of $70,000 and charges 6 percent simple interest. Here is the catch: the Department of Revenue only names reverse mortgages taken out between July 1, 2011 and January 1, 2017 as possibly qualifying. Talk to the Washington County assessor before you sign a reverse loan if deferral matters to you. See the full Oregon reverse mortgage guide.
The rules in brief
You need to be 62 or older, live in this Beaverton home as your main residence, and complete HUD-approved counseling first (call 1-800-569-4287 to find a counselor). Repayment is triggered when the last borrower moves out, sells or passes away. For costs and spouse rules, read our reverse mortgage guide. If you would rather compare, see our HELOC page or the Beaverton mortgage page.
More in Oregon: Hillsboro, Gresham, Portland, Medford, Corvallis, Bend.
Sources: U.S. Census Bureau QuickFacts (American Community Survey 2020-2024, population estimates July 2025). FHFA House Price Index, 2026 Q2. HUD 2026 HECM limit.
Common questions
Can I get a reverse mortgage on my Beaverton home?
Generally yes, if the home in Washington County is your main residence, all borrowers are at least 62, there is enough equity, and it passes an FHA appraisal. You also complete counseling and a financial assessment.
Does the HECM limit matter for a Beaverton home?
Most are comfortably under it. The 2026 limit is $1,249,125, and the Beaverton median is $569,800, so proceeds are driven by your age, the appraisal and rates rather than the cap.
How much have home values risen near Beaverton?
FHFA shows Portland-Vancouver-Hillsboro metro at +1.4% over one year and +21.2% over five years as of the second quarter of 2026.
Who still pays the Washington County property tax bill?
It stays with you. If the assessment shows a risk, a lender may set aside loan funds to pay it, which lowers the cash you can draw.
Bayview Residential is a mortgage broker and is not affiliated with HUD or FHA. A reverse mortgage is a loan that must be repaid, and the balance grows over time. You must keep paying property taxes, insurance and home maintenance, and live in the home as your principal residence. All loans are subject to eligibility and approval. This page is general information and not legal, tax or benefits advice.