A real 1-bedroom example
One actual buyer’s monthly costs on a 1-bedroom with 3.5% down: mortgage (principal, interest, taxes & insurance) $1,771, condo fee $110, internet ~$55, and winter electricity including heat ~$200–250. Summer utility bills are lower.
Property taxes
Estimated at about 90% of the sale price × Portland’s mill rate. At the current rate that’s roughly $241/month ($2,892/yr) for a $268,800 one-bedroom and $292/month ($3,504/yr) for a $325,000 three-bedroom. The rate adjusts modestly each year.
The condo fee
$110/month for 1-bedrooms, $255–259 for 3-bedrooms. It covers water & sewer, trash, grounds, condo insurance, and a maintenance & replacement reserve. You carry a small personal contents policy (~$35–40/month).
What’s NOT a surprise
There are no initial or special fees due from buyers at closing beyond the customary closing costs, and units don’t owe association assessments until they’re sold. Want your own numbers? The match tool estimates your exact monthly cost and cash-to-close →