Market Overview
Home Prices in Damascus, OR
The median home value in Damascus, OR is $678,721 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.7% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Damascus are priced66% above average. Damascus is part of the Portland-Vancouver-Hillsboro, OR-WA metro area.
Over the past five years, Damascus home values have risen by approximately11.0%, reflecting steady appreciation in this market.
Price History
Damascus Home Price Trend
City Comparison
Damascus vs. National Median
At $678,721, homes in Damascus cost 66% above the national median of $410,000. Buyers in Damascus should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Damascus?
20% Down Payment
$135,744
on $678,721
Monthly P&I
$3,540/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,496/mo
incl. taxes & insurance
Income Needed
$179,840
gross annual (30% rule)
10% Down Option
$67,872
+ PMI applies
Loan Amount (20% dn)
$542,977
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Damascus, OR?
The median home value in Damascus is $678,721 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.7% year-over-year.
How much have home prices changed in Damascus?
Over the past year, home values in Damascus have decreased by 0.7%. Over five years, prices have risen approximately 11.0%.
How much do I need to earn to buy a home in Damascus?
To comfortably afford the median home price of $678,721 with a 20% down payment ($135,744) at today's rates (6.8%), you'd need a gross annual income of approximately $179,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Damascus compare to the national average home price?
The national median home value is approximately $410,000. At $678,721, homes in Damascus are 66% above the national average.
What metro area is Damascus part of?
Damascus is part of the Portland-Vancouver-Hillsboro, OR-WA metropolitan area. Home prices and market conditions can vary across the broader metro region.