Molalla, OR—97038
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Molalla, OR
As of Oct '25, the median home price in Molalla, OR is $490,000, with a year-over-year change of 0.9%. This indicates that home prices in Molalla, OR are flat. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $490,000 | 0.9% |
| Single Family | $491,000 | 0.8% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $424,000 | 0.7% |
3 Bed | $470,000 | 0.9% |
4 Bed | $548,000 | 0.9% |
| 5 Bed | $640,000 | 0.6% |
% of Housing Stock
Rental Trends — Molalla, OR
As of July '25, Rentcast reports the average rent in Molalla, OR is $1,570, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Molalla, OR is studios: $1,040, 1-bedrooms: $974, 2-bedrooms: $1,590, 3-bedrooms: $2,560. The most common rental property sizes in Molalla, OR are 2-bedroom and 3-bedroom, accounting for 39.9% and 33.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,420 | $1,570 |
| Studio Rent | $650 | $1,040 |
| 1 Bed Rent | $1,100 | $974 |
| 2 Bed Rent | $1,450 | $1,590 |
| 3 Bed Rent | $2,600 | $2,560 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Molalla, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Molalla, OR is 67. This is a decrease of -13.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $578,000 | -3.0% |
Listing Count | 60 | 32.0% |
| Listings as % of Homes | 0.5% | 32.0% |
Days on Market | 67 | -13.0% |
Demographics — Molalla, OR
As of the latest ACS Survey released in 2023, Molalla, OR has a population of 17,100, which has increased by 9.7% over the past 5 years. Molalla, OR is a popular place for families, as children make up 26.6% of the population. The area has a poorly educated workforce, with 20.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,100 | 9.7% |
% Under 18 | 26.6% | 3.1% |
% Seniors | 13.1% | -13.2% |
% WFH | 14.1% | 193.7% |
% w/ College Degree | 20.2% | 42.3% |
As of the latest ACS Survey released in 2023, Molalla, OR is a predominantly white area, with 86.3% of the population identifying as white. The white population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Molalla, OR is hispanic, making up 10.6% of the population. Foreign-born residents account for 4.4% of the population in Molalla, OR, and this percentage has decreased by 22.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.3% | 1.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 10.6% | -10.9% |
% Asian | 0.7% | 0.0% |
% Foreign Born | 4.4% | -22.8% |
Mortgage and Risk — Molalla, OR
According to HUD data as of 2023, there were 260 mortgage originations in Molalla, OR, of which 72.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Molalla, OR. Investor activity is low, as 2.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 260 |
% Conventional Loans | 72.0% |
% Government Loans | 28.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Molalla, OR
Molalla, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 106 |
Total Units Section 8 | 106 |
% Rentals under Section 8 | 5.3% |
% Occupied Section 8 | 86.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $500 | $1,100 | $1,600 |
| 2 Bedroom | $380 | $1,450 | $1,830 |
| 3 Bedroom | -$70 | $2,600 | $2,530 |
| 4 Bedroom | N/A | N/A | $2,930 |
Affordability — Molalla, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.4 |
| Median Home Price | $490,000 |
| Median Household Income | $87,600 |