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Clackamas County, OR

Northwest Clackamas

RANK #675 / 996 NAT  ·  #11 / 18 OR  ·  POP 420,925

1YR FORECAST: +0.0%

5YR OUTLOOK: +20%

Our model projects Clackamas County's housing market at +0.0% over the next year, underperforming most U.S. counties.

[01] Why Clackamas County?

Oregon City, the county seat of Clackamas County, holds the distinction of being the first incorporated city west of the Rocky Mountains, established in 1844. Located in north-central Oregon, Clackamas County is part of the Portland metropolitan area, with downtown Portland approximately 15 miles north of the community of Clackamas. The county offers a mix of urban, suburban, and rural environments, characterized by natural beauty including Mount Hood, the Mount Hood National Forest, and several rivers like the Willamette and Clackamas. Residents and visitors engage in outdoor activities such as kayaking, fishing, hiking, and exploring numerous parks and trails, including the Springwater Corridor Trail and Mount Talbert Nature Park.

Life in Clackamas County balances suburban living with access to nature. The area is home to families, with various public and private school options available, including the North Clackamas School District and Clackamas Middle College. Commute options to Portland include Interstate 205 and the MAX Green Line, along with local TriMet bus routes and free county shuttles. The economy is diverse, with employment opportunities in healthcare, education, and retail. Recent economic developments show growth in private educational and health services, and leisure and hospitality sectors, contributing to a stable community.

[02] Market Snapshot

Housing Ratio
9.4x

Overvalued relative to economy

GDP Growth
+2.4%

Below national median

Home Prices
-0.4%

Prices declining

Climate & Terrain
3.6

Favorable climate & terrain

Price/Rent
23x

Prices detached from rents

Housing looks overvalued at 9.4x — home prices are high relative to local economic output. Climate and geography support a structural premium. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Costco Wholesale Retail
    10,000+
  2. 2
    Walmart Retail
  3. 3
    Target Retail
  4. 4
    FedEx Logistics
  5. 5
    UPS Logistics
  6. 6
    United States Postal Service Government
  7. 7
    McDonald's Hospitality
  8. 8
    Starbucks Hospitality
  9. 9
    Kroger Retail
  10. 10
    Clackamas County Government Government
    1,000+

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Clackamas County U.S. National

The Numbers

DEMOGRAPHICS
Population
420,925
+0.56% YoY
Median Household Income
$95,740
Median Home Value
$532,200
-0.38% 12mo
Median Rent
$1,605
Average Annual Pay
$69,863
+3.1% YoY
Employment
174,320
+0.6% YoY
Income-to-Home-Value
0.1799
Less affordable than average
Migration Inflow
4.3%
of pop. from another state
Bachelor's Degree+
39.2%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$600,000
Days on Market
72
Slower market
Months of Supply
3.2
Balanced market
Sale-to-List Ratio
98.7%
Near asking price
Sold Above List
24.9%
Listings w/ Price Drops
26.0%
Building Permits (2024)
1,140
Single-Family Permits
743

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B+
SAFETY
GRADE
Homicide Rate
2.2
per 100K · nat avg 6.3
Firearm Fatalities
11.6
per 100K · nat avg 14.8
Injury Deaths
69.6
per 100K · nat avg 76.3
vs National Average
Well below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B+
AIR QUALITY
GRADE
Median AQI (3yr)
32.7
Good
Good Air Days
84%
910 of 1,083 days
Unhealthy+ Days (3yr)
10
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
31
2022
33
2023
34
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$370M
TOTAL
PROJECT AMOUNT STATUS
Clackamas County 5-Year Transportation Capital Improvement Program
Clackamas County
$220M Planned
Clackamas Heights Master Plan Redevelopment
Clackamas County Housing Authority
$100M Under Construction
Community Solar Portfolio (Multiple Projects)
Various (e.g., SSD Clackamas 4, LLC, Sandy River Solar, Day Hill Solar, Kaiser Creek Solar, SSD Clackamas 7, LLC)
$50M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +2.4% 44 percentile
Population Growth +0.6% 55 percentile
Income Growth +8.2% 40 percentile
Vacancy Rate 0.9% 66 percentile
Home Price Change -0.4% 27 percentile
Rent Growth +0.7% 16 percentile
Price/Rent 23x 3 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Clackamas County, OR a good place to move to?

At 32/100, Clackamas County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $95,740 combined with job growth of +0.6% suggests the local economy is struggling to keep pace with national trends.

Is Clackamas County affordable?

Clackamas County leans toward the expensive side. A median home value of $532,200 against an income-to-home-value ratio of 0.18 means housing eats a bigger share of local earnings than the national norm. Renters face $1,605/month on average.

Is Clackamas County growing or shrinking?

Clackamas County's population is growing — up +0.6% YoY — while the job market is roughly flat (employment change of +0.6%). Home values shifted -0.4% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Clackamas County?

There's a moderate stream of newcomers. About 4.3% of residents moved from another state, which is above average and suggests Clackamas County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Marion County, OR 32 Multnomah County, OR 29 Josephine County, OR 29 Douglas County, OR 36 Umatilla County, OR 22 Yamhill County, OR 44 Rutherford County, TN 32 Clark County, WA 32