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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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 a population of 11,155, 3,671 total housing units (homes and apartments), and a median house value of $474,455, 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 92.07% of the city's housing units. Other types of housing that are prevalent in Damascus include mobile homes or trailers ( 7.93%).

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 91.23% of Damascus's homes, and 80.10% 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 ( 17.34%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.56%). There's also some housing in Damascus built before 1939 ( 6.39%).

Damascus Home Appreciation Rates

In the last 10 years, Damascus has experienced some of the highest home appreciation rates of any community in the nation. Damascus real estate appreciated 54.30% over the last ten years, which is an average annual home appreciation rate of 4.43%, putting Damascus in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Damascus definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Damascus's appreciation rate, at 5.36%, has been at or slightly above the national average. In the latest quarter, Damascus's appreciation rate has been 2.10%, which annualizes to a rate of 8.67%.

Relative to Oregon, our data show that Damascus's latest annual appreciation rate is lower than 70% of the other cities and towns in Oregon.

Average Home Values

 
info

Median Home Value:
$474,455

Damascus, OR HOME PRICES

> $1,152,000
2.6%
2.6%
$864,001 - $1,152,000
4.6%
4.6%
$576,001 - $864,000
25.1%
25.1%
$460,001 - $576,000
26.8%
26.8%
$345,001 - $460,000
27.0%
27.0%
$230,001 - $345,000
7.2%
7.2%
$115,001 - $230,000
1.9%
1.9%
$58,001 - $115,000
0.7%
0.7%
$0 - $58,000
4.1%
4.1%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for OR

Value Relative To Nation

Number Of Homes And Apartments:
3,671

Damascus Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
105.29% 3.48%
3
8
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$2,390 / per month

Homeownership Rate

Owners
91.2%
91.2%
Renters
8.8%
8.8%
Vacant
4.3%
4.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
16.6%
16.6%
1970 - 1999
59.7%
59.7%
1940 - 1969
17.3%
17.3%
1939 or Older
6.4%
6.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
92.1%
92.1%
Townhomes
0.0%
0.0%
Small Apt. Buildings
0.0%
0.0%
Apt. Complexes
0.0%
0.0%
Mobile Homes
7.9%
7.9%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.0%
0.0%
1 Bedroom
0.0%
0.0%
2 Bedrooms
7.4%
7.4%
3 Bedrooms
44.4%
44.4%
4 Bedrooms
35.7%
35.7%
5 or more bedrooms
12.5%
12.5%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Damascus

Zip Codes in Damascus, OR