The story of this market
The typical home in Damascus, Oregon sells for about $660,605, or $313 per square foot.
Prices are up +1.6% from a year ago, so sellers still have some momentum. Homes take about 94 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $2,654 a month.
Monthly price momentum
Home values since 2015
+0.3%
OR · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Damascus, Oregon
The Damascus housing market has cooled from the 2024 frenzy, with homes now sitting on the market for an average of 94 days and receiving fewer competing bids. Prices remain elevated, reflecting the area's appeal for estate-style living, though the lack of new commercial development keeps the market focused on residential turnover. Buyers currently have more negotiating room than in the previous cycle, as the market adjusts to higher interest rates and a more balanced supply-demand dynamic.
No ARED county foreclosure postings attributed to Damascus yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 2 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 1.3% year over year.
Homes spend a median of 48 days on market with 3.9 months of supply — a fast-moving market.
17% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.2% · poverty 3.2% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A local community park providing green space and recreational facilities for residents.
Provides significant outdoor recreation opportunities including fishing, boating, and scenic views, serving as a major natural amenity for the area.
Located nearby, this trailhead offers access to regional trail systems, supporting active lifestyles for Damascus residents.
Damascus is best suited for family buyers and those seeking estate-style living on larger lots, offering a quieter, rural-adjacent alternative to the denser suburban developments of nearby Happy Valley.
The area is served by public schools within the regional district framework, generally characterized by stable performance metrics consistent with suburban Clackamas County.
The area is auto-dependent, relying on Highway 212 and proximity to Interstate 205 for access to the broader Portland metropolitan employment core.
Damascus offers a rural-to-suburban lifestyle with access to local parks, trailheads, and proximity to the Clackamas River for outdoor recreation.
The rental market is very limited, characterized by low inventory and high demand, with rents often calibrated to the high local median household income.
The economy is primarily residential with residents commuting to major employment hubs in the Portland-Vancouver-Hillsboro metro area; there is minimal local commercial anchor industry.
Damascus functions primarily as a residential enclave with limited commercial development, relying on infrastructure and employment hubs in neighboring Happy Valley and the Portland metro area.
Development is largely focused on residential infill and infrastructure maintenance rather than large-scale commercial or mixed-use projects.
Parcels are subject to standard Clackamas County property tax levies, with no specific MUD/PID districts reported as primary drivers of local tax burdens.
The area is subject to standard Oregon wildfire and seismic risk profiles, with insurance premiums reflecting regional climate-related adjustments.
Property insurance markets are stable but sensitive to regional wildfire risk factors common to the Pacific Northwest.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Oregon) — Active-Duty Military Property Tax Exemption: Allows for the exemption of a portion of the assessed value of a primary residence from local property taxes for a period of three to five years in standard zones, or up to 15 years in rural zones. State (Oregon) — Disabled Veteran or Surviving Spouse Property Tax Exemption: Provides a reduction in the assessed value of the primary residence, effectively lowering the property tax burden based on the exemption amount set by statute. State (Oregon) — Ad Valorem Property Tax: Tax is calculated on the lesser of Real Market Value (RMV) or Maximum Assessed Value (MAV). MAV is limited to a 3% annual growth rate unless physical changes occur to the property. The tax is the product of the taxable assessed value and the local taxing district's millage rate.
Data retrieved from US Census Bureau ACS 5-Year estimates via Demographics Atlas and Oregon State Authority.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.