Finding Affordable Starter Homes in Lincoln County, Oregon

The Appeal of Lincoln County

Lincoln County, with its stunning 60 miles of coastline along the Pacific Ocean, offers first-time homebuyers a unique opportunity to enter the housing market in one of Oregon's most scenic areas. From the vibrant community of Newport to the charming coastal towns of Depoe Bay, Lincoln City, and Waldport, the region combines natural beauty with small-town charm while still providing essential amenities.

Starter Home Lincoln County, Oregon

What Makes a Good Starter Home?

When searching for a starter home in Lincoln County, consider these key factors:

  • Affordability - Look for homes priced below the county's median home value to ensure manageable mortgage payments
  • Location -…

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AGENT SPOTLIGHT:
Tim Myrick Your Lincoln County Real Estate Expert

Advantage Real Estate Agent Tim Myrick
Dedication and Excellence on the Oregon Coast

With over three decades of experience serving Lincoln County, Tim Myrick has established himself as one of the most respected and accomplished real estate professionals on the Oregon Coast. Since 1992, Tim has been a full-time Real Estate Broker providing exceptional service to buyers and sellers throughout Newport and surrounding communities. His impressive track record and commitment to excellence have earned him the prestigious "Lincoln County's Favorite Realtor" Readers' Choice Award multiple times, including in 2018, 2016, 2014, 2012, and 2011, as well as the distinguished "Realtor of the Year" award from the Lincoln County Board of…

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Newport, Oregon | Real Estate Market Snapshot Report

July 2nd, 2025

Market Overview

Newport's real estate market currently features 100 total listings across site-built homes, manufactured homes, and condos/townhomes. The market shows significant price variation based on property type.

Site-Built Homes for Sale

Average Price: $761,000

Price Range: $300,000 - $2,200,000

Total Listings: 72

Average Price/SQFT: $395

Site-built homes represent 72% of the Newport market inventory.

View Current Listings of Newport, Oregon Site-Built Homes for Sale - Click Here

Manufactured Homes for Sale

Average Price: $257,000

Price Range: $129,000 - $475,000

Total Listings: 9

Average Price/SQFT: $229

…

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The Perils of Adjustable Rate Mortgages

While adjustable rate mortgages entice borrowers with attractively low initial rates, they carry significant risks that can derail financial stability and even lead to foreclosure in worst-case scenarios.

Payment Shock: When Your Mortgage Becomes Unaffordable

The most immediate and severe peril of ARMs is the potential for dramatic payment increases when the adjustment period begins. Consider this scenario: a borrower with a $300,000 5/1 ARM at an initial 3.5% rate would pay approximately $1,347 monthly. If rates rise to 6.5% after the fixed period, that payment jumps to $1,896—a $549 monthly increase that many household budgets simply cannot absorb.

This payment shock can be even more severe with…

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Price Reduction! Listing By Advantage Real Estate agent Tammy Gagne 

3601 NW Shore View Loop,  Waldport, Oregon

3601 Nw Shore View Loop, Waldport, Oregon | Advantage Real EstateExceptional 2020 Craftsman Home in Prestigious Sandpiper Village

Discover this stunning 2020 Craftsman-style residence nestled in the highly sought-after Sandpiper Village community. This meticulously maintained home offers 3 bedrooms, 3 full bathrooms, and 2,120 square feet of thoughtfully designed living space on a spacious corner lot surrounded by majestic shore pines with captivating ocean views.

Interior Features: The home showcases beautiful hardwood flooring throughout, complemented by soaring vaulted ceilings that create an open, airy atmosphere filled with abundant natural light. An energy-efficient heat pump system ensures…

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Living the Dream: Oregon's Nye Beach Community

Where artistic souls and ocean lovers find their perfect coastal sanctuary

In Nye Beach, the sound of crashing waves replaces traffic hum, and neighbors gather to discuss art openings rather than commute times. This historic Newport neighborhood has become home to a thriving community of creatives, retirees, and ocean enthusiasts who've discovered something special about coastal Oregon living.

Nye Beach, Oregon | Ocean View
Life by the Ocean's Rhythm

Daily routines begin with coffee and morning ocean views from the bluffs. Dog owners meet for beach walks, forming friendships that grow into lasting community bonds. The ocean's constant presence becomes your natural soundtrack—a rhythmic companion that residents say they can't…

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AGENT SPOTLIGHT:
Audra Powell Your Oregon Coast Real Estate Expert


Advantage Real Estate Agent Audra PowellSpecialized Coastal Property Expertise

With nearly two decades of experience serving the Oregon Coast, Audra Powell has established herself as a premier real estate professional specializing in oceanview and oceanfront properties. Since becoming a licensed Realtor in 2004, Audra has dedicated herself to providing exceptional service to buyers and sellers throughout the coastal region from Yachats to Neskowin and inland areas. Her impressive track record includes hundreds of successful sales, demonstrating her expertise in this unique and desirable market.

The Mark of Professional Excellence: Multiple Designations

Audra holds multiple prestigious credentials in the real…

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Guide to Mortgage Loans and Lending Terms

Understanding Mortgage Terms

The length of your mortgage significantly impacts both your monthly payments and total interest paid. While 15, 20, and 30-year terms are most common, the relationship between term length and cost is inverse. Longer terms reduce your monthly financial burden but increase the total interest paid throughout the life of the loan. Shorter terms mean higher monthly payments but substantial interest savings over time.

Fixed vs. Adjustable Interest Rates

Fixed-Rate Mortgages

Fixed-rate mortgages maintain the same interest rate throughout the entire loan period, providing predictability and stability in your monthly budget. These are particularly advantageous when interest rates…

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Client Testimonials & Feedback

Advantage Real Estate - Newport, Oregon

Proudly Serving Lincoln County For Over 30 Years.
"Let our Experience be your Advantage!"

Our Commitment to Excellence

At Advantage Real Estate, our dedicated brokers proudly serve Lincoln County, Oregon with an unwavering commitment to excellence. We have had the privilege of helping individuals and families find their perfect homes, sell properties at the right price, and navigate the complex real estate market with confidence and peace of mind.

Below and on our feedback page, you'll hear directly from our valued clients about their experiences with us. Their stories highlight the dedication of our experienced agents, our personalized service approach, and the…

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New Listing! By Advantage Real Estate broker Tim Myrick

Charming Mid-1920s
Craftsman-Style Cottage

A lovingly maintained century-old home that retains the essence of her 100 years while offering modern comfort and spectacular ocean views.

335 NW High Street, Newport, Oregon
Character & Charm

This very charming mid-1920s Craftsman-style cottage has been lovingly maintained and thoughtfully updated while carefully retaining the essence of her 100 years. The home features high ceilings that create a more spacious feel throughout, complemented by vibrant colors both inside and out that give the property a distinctive and memorable appearance.

Lots of original features from the period remain intact, showcasing the authentic craftsmanship and character that define this…

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