The story of this market
The typical home in ZIP 97038 sells for about $514,950, or $265 per square foot.
Prices are roughly flat from a year ago (0%), a market in balance. Homes take about 80 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,639 a month.
ZIP 97038 — Molalla
The 97038 housing market is currently stable, with a median listing price of approximately $515,000 and inventory levels holding steady. Buyer interest remains consistent, though the market is seeing longer days on market compared to previous peak years, reflecting a cooling trend in the broader regional economy.
This ZIP is ideal for families and outdoor enthusiasts seeking a rural-suburban lifestyle with more space and acreage than found in the urban core, while remaining within commuting distance of Portland.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 80 days on market with 4.2 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 98% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.2% · poverty 5.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 97038, Clackamas County OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Molalla generally experiences lower crime rates compared to larger urban centers in the Portland metropolitan area, with property crime being the primary concern.
The area is served by the Molalla River School District, which maintains a stable reputation for community-focused education and extracurricular engagement.
The region faces moderate wildfire risk during summer months and is subject to standard Pacific Northwest seismic and wind event protocols.
Economic momentum is driven by local agricultural support, small-scale manufacturing, and its role as a bedroom community for the greater Portland metro area.
Property taxes are assessed by Clackamas County based on real market value, with additional levies for local school districts and emergency services.
Commuters typically rely on Highway 211 and Highway 213 to connect to the Portland metro employment core, with average commute times exceeding 35 minutes.
Residents enjoy access to the Molalla River for fishing and swimming, several local community parks, and proximity to the Cascade foothills for hiking and outdoor activities.
The rental market is characterized by low vacancy rates and high demand for single-family detached homes, with limited multi-family inventory available.
The local economy is anchored by agriculture, timber-related industries, and a growing base of small businesses serving the local population.
Transportation is primarily automobile-dependent, with limited public transit options connecting to the regional TriMet system.
Development is focused on managed residential growth and infrastructure upgrades to support the expanding population.
Clackamas County Assessor maintains property values based on annual market analysis and state-mandated reappraisal cycles.
Parcels are subject to Molalla River School District, Clackamas Community College, and various local fire and water district levies.
Property insurance premiums are rising due to regional wildfire risk assessments and general inflationary pressure on construction costs.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Wooden Shoe Tulip Farm4.711.5 mi
- The Oregon Garden4.513 mi
- Oregon Renaissance Faire4.316.8 mi
- Langdon Farms Golf Club4.519.3 mi
- Clackamas County Fairgrounds4.416.7 mi
- Wooden Shoe Tulip Farm4.711.5 mi
- Camp Dakota Family Camping & Adventures!4.66.9 mi
- North Falls4.912.2 mi
- Abiqua Falls Trailhead4.68.7 mi
- Feyrer Park4.46.2 mi
- The Gordon House by Frank Lloyd Wright4.613.1 mi
- Original Geocache Plaque4.917.6 mi
- Scotts Mills Falls4.56.4 mi
- Abiqua Falls Trailhead4.68.7 mi
- Feyrer Park4.46.2 mi
- Pacific NW Live Steamers, Shady Dell Train park, Molalla train park.4.96.6 mi
- Matt's Wagon Wheel Park4.410.5 mi
- Wooden Shoe Tulip Farm4.711.5 mi
- Safeway3.87.8 mi
- Mt. Angel Sausage Company4.613 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Offers extensive river access, trails, and wildlife viewing.
Historic venue hosting the annual Molalla Buckeroo rodeo.
Central community park with playground and picnic facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.