Molalla, OR 97038 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Molalla, OR—97038

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$499,000

0.6% YoY Growth

Household Income

$87,600

41.9% YoY Growth

Days on Market

2.0% Shorter YoY

Home Price Forecast

-1.9%

Median Rent

$1,420

0.0% YoY Growth

1-Bed Rent

$1,100

2.6% YoY Growth

2-Bed Rent

$1,450

6.5% YoY Growth

3-Bed Rent

$2,600

13.8% YoY Growth

Home Price Trends — Molalla, OR

As of May '26, the median home price in Molalla, OR is $499,000, with a year-over-year change of 0.6%. This indicates that home prices in Molalla, OR are flat. According to Zillow, the 1-year price projection is -1.9%, suggesting a decrease housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$499,000	0.6%
Single Family	$499,000	0.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

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

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% of Rental Stock

Studio

5.5%

1 Bedroom

13.6%

2 Bedrooms

39.9%

3 Bedrooms

33.6%

4 Bedrooms

4.6%

5+ Bedrooms

2.8%

Property Listings — Molalla, OR

As of May '26, Realtor.com reports that the median days on market for a home in Molalla, OR is 65. This is a decrease of -2.0% 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 44.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$545,000	-7.0%
Listing Count	63	22.0%
Listings as % of Homes	0.5%	22.0%
Days on Market	65	-2.0%

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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%

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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%

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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%

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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

Molalla, OR—97038

Key Metrics at a Glance

Home Price Trends — Molalla, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Molalla, OR

% of Rental Stock

Property Listings — Molalla, OR

Demographics — Molalla, OR

Race and Ethnicity

Mortgage and Risk — Molalla, OR

Mortgages

Rentals and Section 8 — Molalla, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Molalla, OR

Home Price to Income Ratio

Molalla, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Scotts Mills, OR

Mulino, OR

Canby, OR

Beavercreek, OR

Colton, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5.5
Median Home Price	$499,000
Median Household Income	$87,600

Molalla, OR—97038

Key Metrics at a Glance

Home Price Trends — Molalla, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Molalla, OR

% of Rental Stock

Property Listings — Molalla, OR

Demographics — Molalla, OR

Race and Ethnicity

Mortgage and Risk — Molalla, OR

Mortgages

Rentals and Section 8 — Molalla, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Molalla, OR

Home Price to Income Ratio

Molalla, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Scotts Mills, OR

Mulino, OR

Canby, OR

Beavercreek, OR

Colton, OR

Frequently Asked Questions

What is the average home price in Molalla, OR 97038?

How have home prices in Molalla, OR 97038 changed over the past year?

What is the home price projection for Molalla, OR 97038?

What are the demographics of Molalla, OR 97038?

How long does it take homes to sell in Molalla, OR 97038?

What is the average rent price in Molalla, OR 97038?