Rental numbers for Clackamas County, OR
The typical home here runs -$2,642 a month at 7.78% with 25% down. 0 of 14 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 3.9%.
- Gross yield
- 3.8%
- typical home, Zillow
- Median ZIP yield
- 3.9%
- 14 ZIPs with full data
- Cash flow
- -$2,642/mo
- at 7.78%, 25% down
- Typical price
- $613,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,948/mo
- Zillow ZORI, Aug 2026
ZIP codes in Clackamas County
24 with published figures
| 97049Rhododendron | $419,000 | $1,970* | 5.7% | 2.9% | -$1,253 | n/a |
| 97089Damascus | $672,000 | $2,780* | 5.0% | 2.3% | -$2,338 | n/a |
| 97067Welches | $450,000 | $1,850* | 4.9% | 2.2% | -$1,602 | n/a |
| 97055Sandy | $516,000 | $2,065 | 4.8% | 2.1% | -$1,867 | +1.7% |
| 97023Estacada | $538,000 | $2,048 | 4.6% | 2.1% | -$1,960 | n/a |
| 97011Brightwood | $508,000 | $1,890* | 4.5% | 2.0% | -$1,879 | n/a |
| 97222Milwaukie | $493,000 | $1,797 | 4.4% | 1.6% | -$1,986 | +1.2% |
| 97038Molalla | $492,000 | $1,776 | 4.3% | 1.8% | -$1,902 | n/a |
| 97027Gladstone | $512,000 | $1,740 | 4.1% | 1.3% | -$2,194 | +3.4% |
| 97045Oregon City | $597,000 | $1,991 | 4.0% | 1.5% | -$2,478 | -1.8% |
| 97013Canby | $594,000 | $1,967 | 4.0% | 1.5% | -$2,478 | +1.3% |
| 97068West Linn | $772,000 | $2,456 | 3.8% | 1.2% | -$3,404 | +2.7% |
| 97015Clackamas | $584,000 | $1,819 | 3.7% | 1.0% | -$2,652 | +0.3% |
| 97267Milwaukie | $543,000 | $1,689 | 3.7% | 1.2% | -$2,377 | +4.5% |
| 97070Wilsonville | $623,000 | $1,802 | 3.5% | 0.8% | -$2,923 | +0.8% |
| 97086Happy Valley | $679,000 | $1,955 | 3.5% | 0.8% | -$3,216 | -0.2% |
| 97035Lake Oswego | $742,000 | $2,088 | 3.4% | 0.9% | -$3,441 | -0.3% |
| 97028Welches | $675,000 | $1,890* | 3.4% | 0.9% | -$3,122 | n/a |
| 97042Mulino | $700,000 | $1,960* | 3.4% | 1.3% | -$3,038 | n/a |
| 97017Colton | $656,000 | $1,800* | 3.3% | 1.2% | -$2,858 | n/a |
| 97022Eagle Creek | $663,000 | $1,800* | 3.3% | 1.2% | -$2,928 | n/a |
| 97009Boring | $723,000 | $1,940* | 3.2% | 1.0% | -$3,312 | n/a |
| 97004Beavercreek | $762,000 | $1,980* | 3.1% | 1.0% | -$3,475 | n/a |
| 97034Lake Oswego | $1,131,000 | $2,833 | 3.0% | 0.6% | -$5,490 | +1.6% |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.6%
- Rent, 12 months
- +0.9%
- Rent minus price growth
- +0.3 pts
- Property tax
- 0.85%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $556,774 | $1,692 |
| Aug 2022 | $617,283 | $1,856 |
| Aug 2023 | $604,124 | $1,865 |
| Aug 2024 | $609,078 | $1,915 |
| Aug 2025 | $609,169 | $1,930 |
| Aug 2026 | $612,680 | $1,948 |
HUD Fair Market Rent
FY2027, Portland-Vancouver-Hillsboro, OR-WA MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,527 | $1,633 | $1,878 | $2,550 | $3,069 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 6.7
- 1,102 units, last 12 months
- National percentile
- 58th
- among US counties
Tools
Test a listing in Clackamas County against today's rate.
Open the calculatorPart of the Portland, OR metro.
Questions
- Is Clackamas County good for rental property?
- The typical home here runs -$2,642 a month at 7.78% with 25% down. 0 of 14 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 3.9%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Clackamas County?
- About 0.85% of value, from Census ACS median taxes paid over median home value. On a $613,000 home that is about $5,183 a year.
- What is Fair Market Rent in Clackamas County?
- HUD's FY2027 Fair Market Rent here is $1,633 for a 1-bedroom, $1,878 for a 2-bedroom and $2,550 for a 3-bedroom. Typical cash flow at today's rate is -$2,642 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.