Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Clackamas County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $505,659 | $406,286 | $242,182 |
| Price Trend (Annual %) | 9.1% | 10.7% | 8.2% |
| Median Gross Rent | $1,693 | $1,449 | $1,342 |
| Rent Trend (Annual %) | 6.5% | 6.4% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Clackamas County is about 24% higher than in Oregon. Rent is about 17% higher than the Oregon average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Clackamas County, up about 9.1% and 6.5% a year respectively. Home prices are changing faster.
Median rent in Clackamas County rose about 63.1% between 2015 and 2023, from $1,038 to $1,693. Over the same span, rent in Oregon rose about 59.8%.
Affordability
On average, housing unit costs 5.0 yearly household incomes in Clackamas County.
Buying the median-priced home in Clackamas County costs roughly 24.9 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Clackamas County. The price-to-rent ratio in Oregon is about 23.4.
| Metric | Clackamas County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $505,659 | $406,286 | $242,182 |
| Median Household Income | $100,432 | $80,923 | $78,145 |
| Price-to-Income Ratio | 5.0 | 5.0 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Clackamas County rose about 64.1%, while median household income rose about 61.7% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Clackamas County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.3% | 58.6% | 58.2% |
| Rental Rate | 27.0% | 33.9% | 31.3% |
| Vacancy Rate | 5.7% | 7.5% | 10.6% |
| Median Tenure (years) | 14.0 | 13.0 | 15.0 |
| Median Year Moved In | 2012 | 2013 | 2011 |
Clackamas County has a homeownership rate of 67.3%, higher than the Oregon average of 58.6%. Its housing vacancy rate is 5.7%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Clackamas County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.57 people | 2.44 people | 2.54 people |
| Median Structure Built Year | 1981 | 1980 | 1978 |
| Median Number of Rooms | 6.0 | 5.4 | 5.5 |
The typical housing unit in Clackamas County was built around 1981. On average, 2.6 people live in a home with about 6.0 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Clackamas County, Oregon.
What is the median home price in Clackamas County, Oregon?
The median home price in Clackamas County, Oregon is $505,659, higher than the Oregon average of $406,286.
What is the average home price in Clackamas County, Oregon?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Clackamas County, Oregon?
The median gross rent in Clackamas County, Oregon is $1,693 per month, higher than the Oregon average of $1,449.
What was the median gross rent in Clackamas County in 2020?
In 2020, the median gross rent in Clackamas County, Oregon was $1,356 per month.
What is the price-to-rent ratio in Clackamas County, Oregon?
The price-to-rent ratio in Clackamas County, Oregon is about 24.9, meaning it would take roughly 24.9 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Clackamas County.
Are home prices or rent rising faster in Clackamas County, Oregon?
Both home prices and rent are rising in Clackamas County, up about 9.1% and 6.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Clackamas County, Oregon?
67.3% of households in Clackamas County, Oregon own their home, higher than the Oregon average of 58.6%.
What is the vacancy rate in Clackamas County, Oregon?
The housing vacancy rate in Clackamas County, Oregon is 5.7%, lower than the Oregon average of 7.5%.