The story of this market
The typical home in ZIP 97040 sells for about $485,000, or $265 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,850 a month.
ZIP 97040 — Mosier
The Molalla housing market remains stable with steady price appreciation and consistent demand from families seeking affordability. Inventory levels are balanced, though commute times and regional economic shifts continue to influence buyer behavior.
This ZIP is well-suited for families and commuters who prioritize a small-town atmosphere and outdoor access while remaining within driving distance of major employment centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 42 days on market with 3.7 months of supply — a fast-moving market.
18% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.1% · poverty 8.5% — 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 7.9%/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 6.7%/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 97040, 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.
Crime rates in Molalla are generally lower than the national average, with property crime being the most frequently reported incident type. The area is considered relatively safe compared to larger urban centers in the Portland metropolitan region.
Schools in the Molalla River School District generally receive average ratings, with ongoing efforts to improve student performance and facility capacity to match population growth.
The area faces moderate wildfire risk common to the Cascade foothills and is subject to standard regional flood-plain management protocols near the Molalla River.
Molalla is experiencing steady growth driven by its role as a bedroom community for the Portland metro area, with ongoing residential development and infrastructure expansion to support the increasing population.
Property taxes are assessed by Clackamas County based on the real market value of properties, with rates determined by local taxing districts including the city, school district, and county services.
Commuters typically drive to employment hubs in Oregon City, Canby, or the broader Portland metro area, with commute times often exceeding 40 minutes due to reliance on state highways.
The area offers access to the Molalla River for fishing and recreation, several local parks, and proximity to the Cascade foothills for hiking and outdoor activities.
The rental market is characterized by low vacancy rates and steady demand, driven by families and commuters seeking more affordable housing options compared to the inner Portland metro area.
The local economy is supported by agriculture, forestry, and small-scale manufacturing, with many residents commuting to larger employers in the Portland metropolitan area.
Transportation is primarily highway-dependent, with OR-211 and OR-213 serving as the main corridors for regional connectivity.
The city is actively managing growth through its Housing Production Strategy to accommodate new residential developments while preserving local character.
Clackamas County Assessment and Taxation manages property valuations and tax collections according to Oregon state law.
Parcels are subject to taxes from the Molalla River School District, Clackamas County, and local fire and utility districts.
Property insurance premiums are influenced by regional wildfire risk assessments and proximity to fire protection services.
Data retrieved from data.census.gov ZCTA 97040 profile.
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.
Offers river access, trails, and picnic areas.
Historic venue hosting the annual Molalla Buckeroo rodeo.
Central community park with sports facilities.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.