97038 — Clackamas County, Oregon Market Snapshot
Housing market data for zip code 97038 in Clackamas County, Oregon. Updated monthly with median prices, days on market, and more.
Market Sales Data
36 sales in 2026 (year to date)
Median Sale Price
$496,200
Days to Sell
23
Homes Sold
36
Inventory
39
Sale-to-List
99.6%
New Listings
52
Price/SqFt
$310
Pending Sales
45
Conforming Loan Available
Most homebuyers in 97038 can comfortably use conventional financing. The median home price of $496,200 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
Homes in 97038 are moving quickly at 23 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 97038 (99.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 97038 can comfortably use conventional financing. The median home price of $496,200 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 97038 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 97038
To purchase the median home at $496,200 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,952.
Monthly Payment
$3,952
Income Required
$169,360
Principal & Interest
$3,057/mo
Down Payment (5%)
$24,810
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 97038.
Estimated Monthly Payment
$3,221
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