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Damascus

Learn about the people, housing, costs and businesses in Damascus, Oregon

Median Home$661,188
Median Rent$2,105/month
Population11,847
Leading IndustriesTransportation · Retail · Education3% transportation
Home Value Growth+0.8% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners90% of occupied units
NotableHigh Incomes$124k/year · top 8% nationally
NotableVeteran Community10% of residents · top 14% nationally
Damascus
OR

Frequently Asked Questions

What are today's mortgage rates in Damascus?

As of today, the 30-year fixed mortgage rate for Damascus is approximately 6.924% (6.961% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Damascus?

The median home value in Damascus is $661k. The median monthly rent is $2,105. Annual property taxes average $6k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Damascus?

Home values in Damascus have increased 0.8% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Damascus?

Based on a typical all-in ownership cost of $1,958/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $84k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Damascus is $124k/year.

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What industries drive the economy in Damascus?

The largest employment sectors in Damascus are public administration (24%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.