Foreclosure Homes in Damascus, OR

Current Market Conditions in Damascus, OR

The real estate market in Damascus has been steadily growing over the past few years, with an increase in housing demand due to the city's proximity to Portland while still offering a quieter, suburban lifestyle. The average home prices have increased, driven by both new developments and a competitive buyer's market.

Interest rates have fluctuated, impacting affordability, yet many buyers are still seeking homes in the area due to its community amenities and natural features. As new construction continues, the market is expected to remain robust.

Rent Prices In Damascus, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Damascus, OR, is on a rollercoaster ride. The average rent price in Damascus, OR, is $1,583.00. Indeed, when looking to rent in Damascus, OR, you can expect to pay as little as $800.00 or as much as $3,260.00, with the average rent median estimated to be $1,550.00. The good news is that finding an affordable and desirable property to rent in Damascus, OR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.