Damascus, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Damascus Neighborhoods Since 2000




Damascus, OR Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Damascus Housing Market Information

With a population of 10,952, 3,726 total housing units (homes and apartments), and a median house value of $454,367, 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.

Single-family detached homes are the single most common housing type in Damascus, accounting for 92.42% of the city's housing units. Other types of housing that are prevalent in Damascus include mobile homes or trailers ( 6.62%).

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 90.88% of Damascus's homes, and 82.08% 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 1940-1969 ( 15.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.44%). There's also some housing in Damascus built before 1939 ( 5.05%).

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 1.42%, which ranks in the top 50% nationwide. This equates to an annual average Damascus house appreciation rate of 0.14%.

Appreciation rates are so strong in Damascus that despite a nationwide downturn in the housing market, Damascus real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Damascus appreciation rates continue to be some of the highest in America, at 10.30%, which is higher than appreciation rates in 94.62% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Damascus. Damascus appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.

Importantly, this makes Damascus one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

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

Average Home Values

 

Median Home Value:
$454,367

Damascus, OR HOME PRICES

Value Range
> $1,339,000 1.0
$1,004,001 - $1,339,000 3.6
$670,001 - $1,004,000 11.7
$535,001 - $670,000 16.0
$401,001 - $535,000 29.9
$268,001 - $401,000 24.9
$134,001 - $268,000 4.5
$67,001 - $134,000 0.8
$0 - $67,000 7.6

Very High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
7.2307512012188 5.79710144927536

Number Of Homes And Apartments:
3,726

Damascus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
75.98% 3.33% 7 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,801 / per month

Homeownership Rate

Homeownership
Owners 90.88
Renters 9.12
Vacant 5.84

Housing Market Details

 

Age of Homes

AGE OF Damascus HOMES
2000 or Newer 15.4
1970 - 1999 64.0
1940 - 1969 15.5
1939 or Older 5.1

Types of Homes

TYPE OF Damascus HOMES
Single-Family 92.4
Townhomes 0.5
Small Apt. Buildings 0.0
Apt. Complexes 0.0
Mobile Homes 6.6
Other 0.5

Home Size

SIZE OF Damascus HOMES
No Bedroom 0.00
1 Bedroom 0.71
2 Bedrooms 7.51
3 Bedrooms 47.46
4 Bedrooms 34.62
5 or more bedrooms 9.70