Housing data for Lake Oswego, OR
Lake Oswego, OR has an estimated 40,381 residents and 18,140 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a city in Clackamas County.
30.7% of households rent.
The median gross rent is $2,139 a month.
Its population grew measurably since 2015–2019 (+3.2%).
Figures last updated on .
- Residents
- 40,381 (±48)
- Housing units
- 18,140 (±516)
- Households that rent
- 30.7%
- Median gross rent
- $2,139
- Residents since 2015–2019
- +3.2%
What stands out in Lake Oswego
Median real estate taxes: $8,522 (±$314) in Lake Oswego, higher than in Clackamas County ($5,171).
Median home value: $932,200 (±$25,230) in Lake Oswego, higher than in Clackamas County ($611,000).
Working from home: 31.8% (±2.7 points) in Lake Oswego, higher than in Clackamas County (20.9%).
Median household income: $141,549 (±$6,903) in Lake Oswego, higher than in Clackamas County ($103,517).
- Property taxes in Lake Oswego
- Home values in Lake Oswego
- Commute and cars in Lake Oswego
- Income and affordability in Lake Oswego
Housing in Lake Oswego at a glance
- Median rent: $2,139 median gross rent a month
- Rent by bedrooms: $2,260 median gross rent, 2 bedrooms
- Rent burden: 47.2% of renters pay 30% or more of income
- Renters and owners: 30.7% of households rent
- Income and affordability: $141,549 median household income
- Home values: $932,200 median home value
- Homeowner costs: $3,439 median monthly cost with a mortgage
- Property taxes: $8,522 median real estate taxes a year
- Types of homes: 23.9% of homes are in buildings of 5 or more units
- Bedrooms: 64.2% of homes have 3 or more bedrooms
- Age of homes: 46.4% of homes were built before 1980
- Vacancy rate: 3.4% rental vacancy rate
- Heating fuel: 57.1% heat with utility gas
- Commute and cars: 21.6 minutes average trip to work
- Growth: +3.2% residents since 2015–2019
- How long people stay: 28.4% moved in since 2020
- Crowding and facilities: 0.6% of homes have more than 1 person per room
Lake Oswego against Clackamas County, its state and the nation
| Lake Oswego | Clackamas County | Oregon | United States | |
|---|---|---|---|---|
| Residents | 40,381 (±48) | 423,975 (exact) | 4,254,293 (exact) | 334,922,499 |
| Housing units | 18,140 (±516) | 174,323 (±195) | 1,857,992 (±637) | 143,775,355 |
| Households that rent | 30.7% (±2.7 points) | 29.3% (±0.8 points) | 36.7% (±0.4 points) | 34.8% |
| Median gross rent | $2,139 (±$104) | $1,758 (±$23) | $1,525 (±$10) | $1,413 |
| Median household income | $141,549 (±$6,903) | $103,517 (±$1,974) | $83,011 (±$573) | $80,734 |
| Median home value | $932,200 (±$25,230) | $611,000 (±$5,326) | $477,600 (±$1,400) | $332,700 |
| Median real estate taxes (a year) | $8,522 (±$314) | $5,171 (±$96) | $3,876 (±$17) | $3,119 |
| Built before 1980 | 46.4% (±3.4 points) | 43.6% (±1.2 points) | 49.1% (±0.4 points) | 49.7% |
| Average commute | 21.6 minutes (±1.0) | 26.5 minutes (±0.4) | 23.0 minutes (±0.2) | 26.4 minutes |
| Households with broadband | 97.2% (±1.0 points) | 94.0% (±0.6 points) | 92.4% (±0.2 points) | 91.0% |
| Median age of residents | 46.7 years (±1.5) | 42.3 years (±0.2) | 40.4 years (±0.2) | 38.9 years |
Lake Oswego covers 10.9 square miles of land, about 3,714 residents per square mile (Census Bureau Gazetteer).
How Lake Oswego has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 39,127 (±52) | 40,381 (±48) | +3.2% | Measurable increase |
| Housing units | 17,282 (±387) | 18,140 (±516) | +5.0% | Measurable increase |
| Median gross rent | $1,614 (±$52) | $2,139 (±$104) | +32.5% | Up after inflation |
| Median home value | $637,200 (±$15,110) | $932,200 (±$25,230) | +46.3% | Up after inflation |
| Median household income | $108,927 (±$7,400) | $141,549 (±$6,903) | +29.9% | No measurable change after inflation |
| Median owner cost with a mortgage | $2,734 (±$98) | $3,439 (±$146) | +25.8% | No measurable change after inflation |
| Median real estate taxes | $6,257 (±$160) | $8,522 (±$314) | +36.2% | Up after inflation |
| Households that rent | 26.4% (±1.9 points) | 30.7% (±2.7 points) | +4.3 percentage points | Measurable increase |
| Rental vacancy rate | 2.3% (±1.9 points) | 3.4% (±2.8 points) | +1.1 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
ZIP codes in Lake Oswego
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 97034 | 81% | 21,331 | $2,241 | $1,047,500 | $149,236 |
| 97035 | 76% | 25,911 | $1,979 | $837,100 | $130,603 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Lake Oswego
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Stafford | 2.4 mi | — | $1,020,100 | 8.1% |
| Rivergrove | 2.5 mi | $3,500 or more | $902,300 | 13.7% |
| Dunthorpe | 2.7 mi | $2,350 | $1,459,300 | 6.5% |
| Durham | 3.1 mi | $1,565 | $759,600 | 67.6% |
| Oak Grove | 3.2 mi | $1,744 | $515,700 | 35.3% |
| Metzger | 3.9 mi | $1,629 | $543,400 | 35.4% |
| Tigard | 4.1 mi | $1,782 | $610,500 | 38.3% |
| Jennings Lodge | 4.3 mi | $1,669 | $462,100 | 44.6% |
Places in Oregon most like Lake Oswego
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Cedar Mill | $1,882 | $878,300 | $164,079 | 22.9% |
| Oak Hills | $1,935 | $647,800 | $127,179 | 38.3% |
| Tigard | $1,782 | $610,500 | $108,823 | 38.3% |
| West Linn | $2,116 | $770,200 | $146,507 | 17.3% |
| Garden Home-Whitford | $1,878 | $624,900 | $97,500 | 35.4% |
| Marlene Village | $1,853 | $539,800 | $115,417 | 34.0% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Oregon.
HUD Fair Market Rent for Lake Oswego, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,527 | $1,633 | $1,878 | $2,550 | $3,069 |
HUD income limits for Lake Oswego, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $26,950 | $44,950 | $71,900 |
| 2 people | $30,800 | $51,350 | $82,150 |
| 3 people | $34,650 | $57,750 | $92,400 |
| 4 people | $38,500 | $64,150 | $102,650 |
| 5 people | $41,600 | $69,300 | $110,900 |
| 6 people | $44,700 | $74,450 | $119,100 |
| 7 people | $50,040 | $79,550 | $127,300 |
| 8 people | $55,720 | $84,700 | $135,500 |
These are the limits HUD sets for its housing programs in the Portland-Vancouver-Hillsboro, OR-WA MSA, where HUD’s median family income for fiscal year 2026 is $128,300.
A program can use its own limits; tax-credit and local programs often do.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lake Oswego
What is the average rent in Lake Oswego, OR?
The Census Bureau publishes the median rather than the average: the median gross rent in Lake Oswego is $2,139 (±$104) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Lake Oswego?
The median gross rent for a one-bedroom home in Lake Oswego, OR is $1,816 (±$49) a month (2020–2024 American Community Survey).
Are renters in Lake Oswego rent-burdened?
47.2% of renting households in Lake Oswego pay 30% or more of their income in gross rent, the share housing researchers usually call rent-burdened (2020–2024 American Community Survey).
How many renters are there in Lake Oswego?
Lake Oswego has an estimated 5,188 (±517) renting households, 30.7% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Lake Oswego?
The median household income in Lake Oswego is $141,549 (±$6,903) a year (2020–2024 American Community Survey).
What is the average home value in Lake Oswego, OR?
The Census Bureau publishes the median: $932,200 (±$25,230) for owner-occupied homes in Lake Oswego (2020–2024 American Community Survey).
Is Lake Oswego growing?
In Lake Oswego, the number of residents went from 39,127 in 2015–2019 to 40,381 in 2020–2024 (+3.2%), a measurable increase.
What ZIP codes are in Lake Oswego?
The ZIP codes that cover Lake Oswego are 97034, 97035.
What is the median rent in ZIP code 97034?
The median gross rent in ZIP Code Tabulation Area 97034 is $2,241 (±$218) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Lake Oswego city, Oregon
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lake Oswego city, Oregon
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lake Oswego city, Oregon
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lake Oswego city, Oregon
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Lake Oswego city, Oregon
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Lake Oswego city, Oregon
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lake Oswego city, Oregon
- HUD Fair Market Rents, fiscal year 2027: Portland-Vancouver-Hillsboro, OR-WA MSA
- HUD Income Limits, fiscal year 2026: Portland-Vancouver-Hillsboro, OR-WA MSA
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lake Oswego city, Oregon (place:40550, in state:41).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .