Reverse mortgages across Oregon
Oregon is one of the older states on our list, and it has a conflict few borrowers hear about: taking a reverse mortgage can affect your access to the state's senior property tax deferral.
| Measure | Oregon | U.S. |
|---|---|---|
| Residents 65 and older | 21% | 18.9% |
| Owner-occupied homes | 63.3% | 65.2% |
| Median home value | $477,600 | $332,700 |
| Monthly owner costs, no mortgage | $684 | $638 |
| Monthly owner costs, with mortgage | $2,157 | $1,963 |
| Veterans | 246,300 | 16,185,883 |
Home prices in Oregon
FHFA's purchase-only index shows Oregon at +0.3% over the past year and +15.8% over five years through the second quarter of 2026. Metro results vary widely, as the table below shows. The oldest cities on our list are Medford (19.5%), Bend (18.1%), Eugene (17.8%). The highest median value is Bend at $718,400 and the lowest is Springfield at $358,700.
The $1,249,125 HECM limit in Oregon
The HECM limit is one national number for 2026, unlike FHA purchase limits, which vary by county. No city below has a median home near the limit, so the cap rarely matters here. Your age, the appraisal and rates decide the amount.
Oregon property tax programs to check first
Senior and Disabled Property Tax Deferral
The state pays your county property tax and records a lien. The 2026 household income limit is $70,000, the account accrues 6 percent simple interest, and you must recertify every two years. Eligibility also depends on your home's real market value against a county limit. File with the county assessor by April 15, or through December 1 with a late fee.
The reverse mortgage conflict
This is the Oregon detail most borrowers miss. The Department of Revenue says a reverse mortgage taken out on or after July 1, 2011 and before January 1, 2017 may qualify with at least 40 percent equity. It names no other reverse mortgage period, so if you are in deferral or plan to use it, confirm with the assessor before you take a reverse loan.
Oregon reverse mortgage data by city
| City | 65+ | Owner-occupied | Median value | 5-year price change |
|---|---|---|---|---|
| Medford | 19.5% | 56.3% | $417,100 | +22.0% |
| Bend | 18.1% | 61.7% | $718,400 | +29.2% |
| Eugene | 17.8% | 47.9% | $460,400 | +28.6% |
| Springfield | 16.3% | 55% | $358,700 | +28.6% |
| Salem | 15.8% | 55.9% | $416,900 | +27.7% |
| Gresham | 15.1% | 55.8% | $458,700 | +21.2% |
| Beaverton | 14.6% | 50.5% | $569,800 | +21.2% |
| Portland | 14.5% | 52% | $581,500 | +21.2% |
| Corvallis | 14.2% | 41.7% | $502,900 | +15.8% |
| Hillsboro | 11.9% | 50.2% | $521,100 | +21.2% |
Sorted by 65+ share. Price change is the metro area where FHFA publishes one, otherwise the state.
New to reverse loans? Start with our reverse mortgage guide, or see all our Oregon mortgage options.
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
What is the reverse mortgage limit in Oregon?
The 2026 HECM limit is $1,249,125 nationwide, including Oregon. It caps the value used to calculate your proceeds, not the value of your home.
How old do I need to be for a reverse mortgage in Oregon?
All borrowers on a HECM must be 62 or older. A younger spouse may be protected as an eligible non-borrowing spouse if the rules are met.
Which Oregon cities have the oldest populations?
Among the cities we serve, Medford (19.5%), Bend (18.1%), Eugene (17.8%) have the highest share of residents 65 and older.
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.