Damascus, OR

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Damascus short-term rental market based on reliable data.

Listings

20 / 38

Reliable / Active

Cap Rate

3%

Middle-Earners Gross Yield

Revenue

$21,578

Middle-Earners Revenue

Occupancy

60%

Middle-Earners Occupancy

Home Value

$672,110

Median Home Sale Price

Top Earners

$52,461

Top-Earners Revenue

Damascus

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Damascus.

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B

Generally Investor friendly

Damascus Regulations

Damascus has no city‑specific caps or bans, so STRs are effectively permitted; investors must still secure a city business license, verify zoning and register for any local transient room taxes, a manageable compliance burden that makes the environment friendly but not highly supportive.

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About Damascus

Damascus is a small city in Clackamas County, Oregon, situated in the Tualatin Mountains foothills southeast of Portland. With a population of roughly 11,000 residents, it carries a semi-rural, residential character that blends wooded lots, small farms, and newer suburban neighborhoods. The community is best known as a quiet residential base within easy reach of Portland's urban offerings and as a convenient jumping-off point for outdoor adventures in the Cascade Range and the Columbia River Gorge. Portland lies about 15 miles to the northwest, making Damascus a comfortable home base for travelers who want a quieter stay without losing access to the metro area.

Just east of Damascus, Mount Hood National Forest spreads across more than a million acres of forested mountains, rivers, and alpine terrain. About a 45-minute to hour drive from the city, the forest offers hiking, camping, fishing, and in winter, skiing and snowboarding at several resorts on Mount Hood itself. The iconic Timberline Lodge, a National Historic Landmark built in the 1930s, sits high on the mountain's south flank and draws visitors year-round for its rustic architecture and sweeping views.

A short drive to the north brings visitors to the Columbia River Gorge National Scenic Area, a dramatic river canyon that forms Oregon's border with Washington. Roughly 30 to 40 minutes from Damascus, the gorge is celebrated for its sheer basalt cliffs, windswept viewpoints, and dozens of waterfalls. Multnomah Falls, the tallest year-round waterfall in the United States at 620 feet, is the most visited natural site in Oregon and a common stop for travelers passing through the corridor on the Historic Columbia River Highway.

For visitors seeking city amenities, downtown Portland is about 25 to 35 minutes northwest of Damascus depending on traffic. The city offers a deep bench of museums, breweries, restaurants, and the waterfront Tom McCall Waterfront Park along the Willamette River. Powell Butte Nature Park, a much closer green space, sits only a few miles west of Damascus and provides roughly 600 acres of meadows, forests, and paved trails with panoramic views of the city and surrounding mountains, making it a favorite for locals who want a quick nature break.

Damascus offers a compelling base for short-term rentals because of its position at the meeting point of suburban calm and Pacific Northwest outdoor recreation. Guests can spend the morning hiking in the Columbia River Gorge, the afternoon sampling Portland's food scene, and the evening unwinding in a quiet residential setting beneath the trees, all without the noise and density of a downtown stay.

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