Damascus, OR—97089
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Damascus, OR
As of Oct '25, the median home price in Damascus, OR is $663,000, with a year-over-year change of -0.2%. This indicates that home prices in Damascus, 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 | $663,000 | -0.2% |
| Single Family | $663,000 | -0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $610,000 | -0.3% |
4 Bed | $702,000 | -0.6% |
| 5 Bed | $766,000 | -0.3% |
% of Housing Stock
Rental Trends — Damascus, OR
As of July '25, Rentcast reports the average rent in Damascus, OR is $2,890, with a year-over-year rent change of -8.3%. Per bedroom, the median rent as of July '25 in Damascus, OR is 2-bedrooms: $2,400, 3-bedrooms: $2,760, 4-bedrooms: $3,110. The most common rental property sizes in Damascus, OR are 4-bedroom and 3-bedroom, accounting for 35.1% and 31.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,900 | $2,890 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,400 | $2,400 |
| 3 Bed Rent | $2,650 | $2,760 |
| 4 Bed Rent | $2,900 | $3,110 |
% of Rental Stock
Property Listings — Damascus, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Damascus, OR is 80. This is a increase of 45.0% 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 47.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $784,000 | 8.0% |
Listing Count | 47 | -16.0% |
| Listings as % of Homes | 0.7% | -16.0% |
Days on Market | 80 | 45.0% |
Demographics — Damascus, OR
As of the latest ACS Survey released in 2023, Damascus, OR has a population of 14,900, which has increased by 9.1% over the past 5 years. Damascus, OR is a moderately popular place for families, as children make up 23.7% of the population. The area has a moderately educated workforce, with 32.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 14,900 | 9.1% |
% Under 18 | 23.7% | 10.7% |
% Seniors | 18.3% | 17.3% |
% WFH | 16.1% | 62.6% |
% w/ College Degree | 32.2% | 4.9% |
As of the latest ACS Survey released in 2023, Damascus, OR is a predominantly white area, with 81.7% of the population identifying as white. The white population has shrunk by 1.4% in the last 5 years. The second most common race or ethnicity in Damascus, OR is hispanic, making up 7.0% of the population. Foreign-born residents account for 7.2% of the population in Damascus, OR, and this percentage has decreased by 6.5% 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 | 81.7% | -1.4% |
% Black | 1.1% | 120.0% |
% Hispanic | 7.0% | -14.6% |
% Asian | 6.1% | 38.6% |
% Foreign Born | 7.2% | -6.5% |
Mortgage and Risk — Damascus, OR
According to HUD data as of 2023, there were 272 mortgage originations in Damascus, OR, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 46.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Damascus, 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 | 272 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Damascus, OR
Damascus, OR lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 11 |
Total Units Section 8 | 11 |
% Rentals under Section 8 | 2.9% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $2,290 |
| 2 Bedroom | $210 | $2,400 | $2,610 |
| 3 Bedroom | $930 | $2,650 | $3,580 |
| 4 Bedroom | $1,300 | $2,900 | $4,200 |
Affordability — Damascus, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.7 |
| Median Home Price | $663,000 |
| Median Household Income | $115,000 |