Lake Oswego, OR—97035
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 $728,000, with a year-over-year change of 0.2%. This indicates that home prices in Lake Oswego, OR are flat. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $728,000 | 0.2% |
| Single Family | $797,000 | 0.3% |
| Condos | $283,000 | -3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $210,000 | -5.4% |
2 Bed | $335,000 | -2.9% |
3 Bed | $690,000 | -0.3% |
4 Bed | $960,000 | 0.7% |
| 5 Bed | $1,096,000 | 0.1% |
% of Housing Stock
Rental Trends — Lake Oswego, OR
As of July '25, Rentcast reports the average rent in Lake Oswego, OR is $2,680, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Lake Oswego, OR is studios: $1,650, 1-bedrooms: $1,690, 2-bedrooms: $2,170, 3-bedrooms: $3,140, 4-bedrooms: $4,530. The most common rental property sizes in Lake Oswego, OR are 2-bedroom and 1-bedroom, accounting for 45.7% and 29.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,680 |
| Studio Rent | $1,650 | $1,650 |
| 1 Bed Rent | $1,700 | $1,690 |
| 2 Bed Rent | $2,220 | $2,170 |
| 3 Bed Rent | $2,950 | $3,140 |
| 4 Bed Rent | $4,000 | $4,530 |
% 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 83. This is a increase of 35.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $763,000 | 2.0% |
Listing Count | 162 | 20.0% |
| Listings as % of Homes | 0.4% | 20.0% |
Days on Market | 83 | 35.0% |
Demographics — Lake Oswego, OR
As of the latest ACS Survey released in 2023, Lake Oswego, OR has a population of 25,900, which has remained stable by -0.5% over the past 5 years. Lake Oswego, OR is a moderately popular place for families, as children make up 23.1% of the population. The area has a highly educated workforce, with 72.7% of adult residents holding a bachelor’s degree or higher. There are many residents working remotely, with 28.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 25,900 | -0.5% |
% Under 18 | 23.1% | 15.5% |
% Seniors | 20.3% | 23.8% |
% WFH | 28.2% | 118.6% |
% w/ College Degree | 72.7% | 10.8% |
As of the latest ACS Survey released in 2023, Lake Oswego, OR is a predominantly white area, with 74.2% of the population identifying as white. The white population has shrunk by 6.1% in the last 5 years. The second most common race or ethnicity in Lake Oswego, OR is asian, making up 12.2% of the population. Foreign-born residents account for 15.0% of the population in Lake Oswego, OR, and this percentage has increased by 18.1% 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 | 74.2% | -6.1% |
% Black | 1.5% | 36.4% |
% Hispanic | 6.1% | 3.4% |
% Asian | 12.2% | 43.5% |
% Foreign Born | 15.0% | 18.1% |
Mortgage and Risk — Lake Oswego, OR
According to HUD data as of 2023, there were 471 mortgage originations in Lake Oswego, OR, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 11.0% above 90% LTV (elevated). This implies medium mortgage risk in Lake Oswego, OR. Investor activity is low, as 2.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 471 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 6.0% |
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 1.3%. 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 and 2-bedroom and 3-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 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 100 |
Total Units Section 8 | 56 |
% Rentals under Section 8 | 1.3% |
% Occupied Section 8 | 90.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $420 | $1,700 | $2,120 |
| 2 Bedroom | $200 | $2,220 | $2,420 |
| 3 Bedroom | $370 | $2,950 | $3,320 |
| 4 Bedroom | -$100 | $4,000 | $3,900 |
Affordability — Lake Oswego, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $728,000 |
| Median Household Income | $127,000 |