Real Estate Investing in Damascus, Oregon (97089)
Should you buy in 97089 (Damascus, OR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Damascus, OR (97089)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97089 Damascus
Not every below-median market is a bargain. Damascus's 97089 ZIP stands at signals that favor experienced operators who can absorb the risk $675K pricing implies.
Rent of $2,999/mo on a $675K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 97089 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 97089 among OR's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 97089 ZIP's population of 14,906 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Damascus:
Property Strategy for 97089
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $610,305 | $3,790 | 4.5% | +4.6% | $203,435 |
| 4BR | $702,056 | $4,500 | 4.6% | +4.9% | $175,514 |
| 5BR | $766,118 | — | — | +5.0% | $153,224 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97089 Compare?
| Metric | 97089 | Damascus | Oregon |
|---|---|---|---|
| Home Value | $674,946 | $674,946 | $493,884 |
| 5-Year CAGR | 3.2% | 3.2% | 4.9% |
| Avg Rent | $2,999 | $2,999 | - |
| Cap Rate | 3.5% | 3.5% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97089 (Damascus, OR). Anonymous, moderated, never written by AI.
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Property managers serving Clackamas County
Manage rentals here? List your business →Eagle Property Management is Portland's premier property management team, serving Portland and Lake Oswego, OR. summary from their website
Illume Property Management and North Coast Property Management eliminate the stress of property ownership and remodeling in the Portland Metro Area and on the Oregon Coast. summary from their website
Real Property Management helps protect investments, provides professional service, minimizes costs, and maximizes income for property owners. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $674,946 |
| Monthly Rent | $2,999 |
| Price-to-Rent | 18.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.3% |
| Cap Rate | 3.5% |
| 5-Year IRR | 6.7% |
📈 Home Appreciation
| 1-Year | +0.4% ▲ |
| 3-Year CAGR | +1.4% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (3.5%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 97089
Population: 14,906
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 97089
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 2,401 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the investability score for Damascus, OR?
Our data puts Damascus, OR at 3.0/5 for investability. Home prices of $675K and rents around $2,999/mo create a solid backdrop for investor activity.
What is the tenant pool like in Damascus, OR?
Tenant demand in Damascus, OR is solid. The local workforce $2,999/mo rents across most rental classes.
Are rents high in Damascus, OR?
Expect rents around $2,999/mo per month in Damascus, OR. With home values at $675K, the yield math works out to reasonable levels for rental investors.
Can I live-in-and-rent in Damascus, OR?
For house hackers, Damascus, OR is a challenging. The $2,999/mo rent on a unit helps defray the mortgage on a $675K property.
How do experienced investors play Damascus, OR?
Investors usually favor careful cash-flow rentals with hands-on management in Damascus, OR. With home values at $675K and rents near $2,999/mo, other strategies can work but produce reliable rather than outsized returns.
See what 97089 really looks like for investors
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