Damascus, OR housing market
The typical Damascus home is worth about $669,000, about the same as a year ago, 35% above the Oregon typical home. Homes typically sell in 22 days, close to asking.
Home values, sales, trends and how Damascus compares with the towns next door — updated as new data is published.
Damascus at a glance
A balanced market
About 5 months of supply: neither buyers nor sellers have a clear edge.
Typical home value, 2016–2026
Show as a table
| January | Damascus | Oregon |
|---|---|---|
| 2017 | $427,000 | $313,000 |
| 2018 | $454,000 | $337,000 |
| 2019 | $480,000 | $354,000 |
| 2020 | $498,000 | $369,000 |
| 2021 | $554,000 | $411,000 |
| 2022 | $644,000 | $480,000 |
| 2023 | $657,000 | $490,000 |
| 2024 | $658,000 | $495,000 |
| 2025 | $678,000 | $504,000 |
| 2026 | $672,000 | $500,000 |
| August 2026 | $669,000 | $496,000 |
Damascus and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Damascus | $669K | +0.3% | $2,780 | — | $122,500 |
| Happy Valley | $679K | −0.3% | $2,100 | 350 | $122,151 |
| Boring | $724K | +1.2% | $2,010 | — | $158,625 |
5.5 years of income
The typical Damascus home costs about 5.5 years of the town's median household income, less than across Oregon (6 years).
How Damascus ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $2,780
HUD's Fair Market Rent for a two-bedroom in Damascus is $2,780 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Damascus pay a median of $2,654. A two-bedroom takes about 27% of the town's median household income.
Studio $2,270 · 4 bedrooms $4,500
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (97089; Portland-Vancouver-Hillsboro, OR-WA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.