ZIP Code 97038 — Molalla city, OR Demographics & Data

ZIP code 97038 covers Molalla, OR in Clackamas County with a population of about 17,100.

At a glance, the area shows median age of 35.0 versus a U.S. median of about 38.9.

It sits in telephone area codes 503, 971; U.S. House district OR-5; the PORTLAND, OR media market.

Median household income in ZIP 97038 is about $87,585 — about 17% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 6.5%; unemployment rate near 3.6%; 20.2% of adults with a bachelor’s degree or higher (about 13.5 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Retail trade, and Construction; about 14.1% of workers reporting work-from-home (about 1.1 points below the U.S. share (15.2%)); a mean commute of about 180.0 minutes (U.S. average near 26.8).

Median home value is about $452,200 — about 30% above the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $1,319 (about 13% above the U.S. median rent ($1,163)), and owner-occupancy near 71.3% (about 5.9 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 97038 in Molalla, OR, a household would need roughly $124,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,905. That is about 42% above the local median household income ($87,585), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Molalla city, OR as Relatively High (composite score 94.9), which is among the highest nationally. The strongest component scores on US5 are flood (93.7) and wildfire (86.8). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Molalla city, OR show little to no average snow and around 46.4 inches of annual precipitation.

IRS migration statistics show a net inflow of about 868 for ZIP 97038 (Molalla city, OR) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.