Clackamas, OR—97015
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Clackamas, OR
As of Oct '25, the median home price in Clackamas, OR is $585,000, with a year-over-year change of -0.2%. This indicates that home prices in Clackamas, OR are flat. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $585,000 | -0.2% |
| Single Family | $591,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $357,000 | -2.7% |
3 Bed | $548,000 | -0.2% |
4 Bed | $651,000 | -0.6% |
| 5 Bed | $714,000 | -0.8% |
% of Housing Stock
Rental Trends — Clackamas, OR
As of July '25, Rentcast reports the average rent in Clackamas, OR is $2,180, with a year-over-year rent change of -6.4%. Per bedroom, the median rent as of July '25 in Clackamas, OR is 1-bedrooms: $1,580, 2-bedrooms: $1,630, 3-bedrooms: $2,580, 4-bedrooms: $3,650. The most common rental property sizes in Clackamas, OR are 2-bedroom and 1-bedroom, accounting for 47.1% and 27.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,720 | $2,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,520 | $1,580 |
| 2 Bed Rent | $1,700 | $1,630 |
| 3 Bed Rent | $2,360 | $2,580 |
| 4 Bed Rent | $3,500 | $3,650 |
% of Rental Stock
Property Listings — Clackamas, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Clackamas, OR is 77. This is a increase of 65.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 53.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $604,000 | 4.0% |
Listing Count | 57 | 28.0% |
| Listings as % of Homes | 0.5% | 28.0% |
Days on Market | 77 | 65.0% |
Demographics — Clackamas, OR
As of the latest ACS Survey released in 2023, Clackamas, OR has a population of 24,200, which has increased by 4.9% over the past 5 years. Clackamas, OR is a moderately popular place for families, as children make up 22.8% of the population. The area has a moderately educated workforce, with 31.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 24,200 | 4.9% |
% Under 18 | 22.8% | 3.6% |
% Seniors | 17.4% | 35.9% |
% WFH | 14.7% | 172.2% |
% w/ College Degree | 31.1% | -1.9% |
As of the latest ACS Survey released in 2023, Clackamas, OR is a predominantly white area, with 66.1% of the population identifying as white. The white population has shrunk by 7.2% in the last 5 years. The second most common race or ethnicity in Clackamas, OR is hispanic, making up 15.1% of the population. Foreign-born residents account for 15.3% of the population in Clackamas, OR, and this percentage has increased by 21.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 66.1% | -7.2% |
% Black | 1.7% | 70.0% |
% Hispanic | 15.1% | 26.9% |
% Asian | 11.4% | 44.3% |
% Foreign Born | 15.3% | 21.4% |
Mortgage and Risk — Clackamas, OR
According to HUD data as of 2023, there were 234 mortgage originations in Clackamas, OR, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Clackamas, OR. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 234 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Clackamas, OR
As of 2024, the percent of homes in Clackamas, OR under the Section 8 program is 5.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Clackamas, OR, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 173 |
Total Units Section 8 | 166 |
% Rentals under Section 8 | 5.2% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $320 | $1,520 | $1,840 |
| 2 Bedroom | $400 | $1,700 | $2,100 |
| 3 Bedroom | $520 | $2,360 | $2,880 |
| 4 Bedroom | -$120 | $3,500 | $3,380 |
Affordability — Clackamas, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $585,000 |
| Median Household Income | $82,900 |