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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Damascus, OR Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Damascus, OR Housing Market Trends

With 11,050 people, 3,563 houses or apartments, and a median cost of homes of $630,212, Damascus house prices are not only among the most expensive in Oregon, Damascus real estate also is some of the most expensive in all of America.

Damascus is a town of large, single-family homes. In fact, there is a higher proportion of four, five or more bedroom homes in Damascus than is found in 98% of the communities in America.

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Damascus. Owner-occupied housing accounts for 93.13% of Damascus's homes, and 83.90% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Damascus built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Damascus built between 2000 and later ( 19.44%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.44%). There's also some housing in Damascus built before 1939 ( 6.49%).

Damascus Home Appreciation Rates

Appreciation rates for homes in Damascus have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 94.53%, which ranks in the top 40% nationwide. This equates to an annual average Damascus house appreciation rate of 6.88%.

Over the last year, Damascus appreciation rates have trailed the rest of the nation. In the last twelve months, Damascus's appreciation rate has been -0.64%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Damascus were at -1.91%, which equates to an annual appreciation rate of -7.41%.

Notably, Damascus's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Oregon, our data show that Damascus's latest annual appreciation rate is lower than 60% of the other cities and towns in Oregon.

Average Home Values

Median Home Value

$630,212

Damascus, OR Home Prices
> $1,160,000
$870,001 - $1,160,000
$580,001 - $870,000
$464,001 - $580,000
$348,001 - $464,000
$232,001 - $348,000
$116,001 - $232,000
$58,001 - $116,000
$0 - $58,000
7.5%
7.5%
13.6%
13.6%
46.0%
46.0%
20.0%
20.0%
7.2%
7.2%
1.1%
1.1%
0.3%
0.3%
1.0%
1.0%
3.2%
3.2%
0% 100.0%
% of Homes
Very High

for Oregon

Very High

for nation

Number of Homes And Apartments:

3,563

Damascus Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,986 / per month

Homeownership Rate

Owners
Renters
93.1%
93.1%
6.9%
6.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
2.4%
2.4%
97.6%
97.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.4%
19.4%
56.6%
56.6%
17.4%
17.4%
6.5%
6.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
94.2%
94.2%
0.6%
0.6%
0.0%
0.0%
0.0%
0.0%
4.8%
4.8%
0.4%
0.4%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
0.4%
0.4%
4.3%
4.3%
43.3%
43.3%
40.6%
40.6%
10.6%
10.6%
0% 100.0%
% of Homes

Popular Neighborhoods in Damascus

Zip Codes in Damascus, OR