Real Estate Investing in Damascus, Oregon

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1 ZIP codes • Population: 14,906 • Clackamas County

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Should you buy in Damascus, OR? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (54/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
CLEAN

No major risk flags on the data we track.

What’s happening in Damascus, OR?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.4% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $680,562
Avg Monthly Rent $2,999
ZIP Codes 1

Investing in Damascus Real Estate

Damascus (Oregon) spans 1 ZIPs and roughly a sizable population. plainly the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

Across Damascus's 1 ZIPs, fundamentals run thin: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Transaction volume in Damascus has thinned in a way that amplifies price discovery risk. On balance, investors without local context should treat every number on the page with skepticism.

Population dynamics in Damascus haven't been supportive. better suited elsewhere for combined with lackluster income growth, the demographic backdrop complicates any purely financial underwriting.

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Best ZIP codes in Portland-Vancouver-Hillsboro, OR-WA

Damascus is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Property managers serving Clackamas County

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Eagle Property Management is Portland's premier property management team, serving Portland and Lake Oswego, OR. summary from their website

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Illume Property Management and North Coast Property Management eliminate the stress of property ownership and remodeling in the Portland Metro Area and on the Oregon Coast. summary from their website

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Real Property Management helps protect investments, provides professional service, minimizes costs, and maximizes income for property owners. summary from their website

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Avg Home Value
$680,562
Avg Monthly Rent
$2,999
1% Rule
✗ Below
Landlord Friendly (OR)

ZIP Codes in Damascus, OR

Screen every ZIP in Damascus

Filter Damascus’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Damascus, OR

What price range are homes in Damascus, OR?

Median home price in Damascus, OR is near $681K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.

What is the typical rental rate in Damascus, OR?

The typical rental in Damascus, OR commands about $2,999/mo monthly. That rent profile even-keeled cash flow against the $681K purchase basis.

How qualified is the tenant pool in Damascus, OR?

The tenant pool in Damascus, OR is solid, supported by local employment and population fundamentals. Rents of $2,999/mo are well-absorbed by the market.

Are eviction rules reasonable in Damascus, OR?

For rental operators, Damascus, OR rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.

Is Damascus, OR suited for a house hack?

The a challenging house-hack environment in Damascus, OR reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.

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