With a 150k income, you're right on target for purchasing a home in Oregon. Financial advisors recommend spending about 3 to 4 times your annual income on a home, which translates to a budget between $450,000 and $600,000.

In Portland, the median home price is approximately $600,000, fitting neatly within your target range. This balance ensures a wide variety of quality homes are available to you.

Additionally, other cities like Salem and Eugene offer appealing options at around $520,000. With a property tax rate of 1.12%—amounting to roughly $6,720 per year—and a cost of living above the national average, your income comfortably supports homeownership across the state.