97023 — Clackamas County, Oregon Market Snapshot
Housing market data for zip code 97023 in Clackamas County, Oregon. Updated monthly with median prices, days on market, and more.
Market Sales Data
64 sales in 2026 (year to date)
Median Sale Price
$517,450
Days to Sell
80
Homes Sold
64
Inventory
80
Sale-to-List
100.0%
New Listings
107
Price/SqFt
$271
Pending Sales
81
Conforming Loan Available
Most homebuyers in 97023 can comfortably use conventional financing. The median home price of $517,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
With homes sitting for 80 days on average, 97023 favors buyers. There may be opportunities to negotiate below asking price or request seller concessions for closing costs or rate buydowns.
Sale-to-List Ratio
Homes are selling very close to asking price in 97023 (100.0% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 97023 can comfortably use conventional financing. The median home price of $517,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 97023 are set at the county level.
2026 Loan Limits — Clackamas County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $701,500 |
| 2 Units | $1,066,250 | $898,050 |
| 3 Units | $1,288,800 | $1,085,550 |
| 4 Units | $1,601,750 | $1,349,050 |
Affordability Snapshot — Zip 97023
To purchase the median home at $517,450 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $4,115.
Monthly Payment
$4,115
Income Required
$176,337
Principal & Interest
$3,188/mo
Down Payment (5%)
$25,873
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 97023.
Estimated Monthly Payment
$3,352
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