Lake Oswego, OR—97034
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Lake Oswego, OR
Home Price Trends — Lake Oswego, OR
As of Oct '25, the median home price in Lake Oswego, OR is $1,099,000, with a year-over-year change of 1.5%. This indicates that home prices in Lake Oswego, OR are increasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,099,000 | 1.5% |
| Single Family | $1,173,000 | 1.6% |
| Condos | $390,000 | -11.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $611,000 | 0.2% |
3 Bed | $945,000 | 1.3% |
4 Bed | $1,291,000 | 1.5% |
| 5 Bed | $1,580,000 | 1.3% |
% of Housing Stock
Rental Trends — Lake Oswego, OR
As of July '25, Rentcast reports the average rent in Lake Oswego, OR is $4,080, with a year-over-year rent change of -1.0%. Per bedroom, the median rent as of July '25 in Lake Oswego, OR is 1-bedrooms: $1,760, 2-bedrooms: $3,050, 3-bedrooms: $4,450, 4-bedrooms: $5,320. The most common rental property sizes in Lake Oswego, OR are 2-bedroom and 1-bedroom, accounting for 45.4% and 24.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $4,000 | $4,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,750 | $1,760 |
| 2 Bed Rent | $2,900 | $3,050 |
| 3 Bed Rent | $4,280 | $4,450 |
| 4 Bed Rent | $4,750 | $5,320 |
% of Rental Stock
Property Listings — Lake Oswego, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Lake Oswego, OR is 86. This is a increase of 43.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,690,000 | 12.0% |
Listing Count | 168 | 11.0% |
| Listings as % of Homes | 0.9% | 11.0% |
Days on Market | 86 | 43.0% |
Demographics — Lake Oswego, OR
As of the latest ACS Survey released in 2023, Lake Oswego, OR has a population of 21,100, which has increased by 11.3% over the past 5 years. Lake Oswego, OR is a moderately popular place for families, as children make up 22.5% of the population. The area has a highly educated workforce, with 74.5% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 31.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,100 | 11.3% |
% Under 18 | 22.5% | 1.4% |
% Seniors | 25.3% | 10.0% |
% WFH | 31.0% | 102.6% |
% w/ College Degree | 74.5% | 3.0% |
As of the latest ACS Survey released in 2023, Lake Oswego, OR is a predominantly white area, with 80.4% of the population identifying as white. The white population has shrunk by 8.9% in the last 5 years. The second most common race or ethnicity in Lake Oswego, OR is asian, making up 6.8% of the population. Foreign-born residents account for 8.8% of the population in Lake Oswego, OR, and this percentage has increased by 22.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 80.4% | -8.9% |
% Black | 0.2% | 0.0% |
% Hispanic | 3.9% | 8.3% |
% Asian | 6.8% | 25.9% |
% Foreign Born | 8.8% | 22.2% |
Mortgage and Risk — Lake Oswego, OR
According to HUD data as of 2023, there were 366 mortgage originations in Lake Oswego, OR, of which 98.0% of loans were conventional mortgages. The average loan-to-value was 42.0%, with 4.0% above 90% LTV (normal). This implies small mortgage risk in Lake Oswego, OR. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 366 |
% Conventional Loans | 98.0% |
% Government Loans | 2.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Lake Oswego, OR
As of 2024, the percent of homes in Lake Oswego, OR under the Section 8 program is 0.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Lake Oswego, OR, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 19 |
Total Units Section 8 | 19 |
% Rentals under Section 8 | 0.9% |
% Occupied Section 8 | 83.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $430 | $1,750 | $2,180 |
| 2 Bedroom | -$410 | $2,900 | $2,490 |
| 3 Bedroom | -$860 | $4,280 | $3,420 |
| 4 Bedroom | -$740 | $4,750 | $4,010 |
Affordability — Lake Oswego, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.1 |
| Median Home Price | $1,099,000 |
| Median Household Income | $148,000 |