Lake Oswego, Oregon Housing Market Prices
Lake Oswego Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 275% above the Oregon median$1,523,325
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Median rent 35% above the Oregon median$2,059
Housing Market Overview
| Metric | Lake Oswego | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,523,325 | $406,603 | $248,835 |
| Price Trend (Annual %) | 16.5% | 9.4% | 7.5% |
| Median Gross Rent | $2,059 | $1,525 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lake Oswego is about 275% higher than in Oregon. Rent is about 35% higher than the Oregon average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Lake Oswego, up about 16.5% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Lake Oswego rose about 61.5% between 2015 and 2024, from $1,274 to $2,059. Over the same span, rent in Oregon rose about 68.2%.
Affordability
On average, housing unit costs 10.8 yearly household incomes in Lake Oswego.
Buying the median-priced home in Lake Oswego costs roughly 61.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lake Oswego. The price-to-rent ratio in Oregon is about 22.2.
| Metric | Lake Oswego | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,523,325 | $406,603 | $248,835 |
| Median Household Income | $140,915 | $83,617 | $80,455 |
| Price-to-Income Ratio | 10.8 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lake Oswego rose about 216.2%, while median household income rose about 73.6% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Lake Oswego | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.4% | 58.6% | 58.5% |
| Rental Rate | 29.2% | 33.9% | 31.2% |
| Vacancy Rate | 6.4% | 7.5% | 10.2% |
| Median Tenure (years) | 13.0 | 13.0 | 15.0 |
| Median Year Moved In | 2013 | 2013 | 2011 |
Lake Oswego has a homeownership rate of 64.4%, higher than the Oregon average of 58.6%. Its housing vacancy rate is 6.4%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Lake Oswego | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.41 people | 2.53 people |
| Median Structure Built Year | 1980 | 1980 | 1978 |
| Median Number of Rooms | 6.6 | 5.3 | 5.5 |
The typical housing unit in Lake Oswego was built around 1980. On average, 2.4 people live in a home with about 6.6 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Lake Oswego, Oregon.
What is the median home price in Lake Oswego, Oregon?
The median home price in Lake Oswego, Oregon is $1,523,325, higher than the Oregon average of $406,603.
What is the average home price in Lake Oswego, Oregon?
The typical home price in Lake Oswego, Oregon, reported as the median sale price, is $1,523,325. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Lake Oswego, Oregon?
The median gross rent in Lake Oswego, Oregon is $2,059 per month, higher than the Oregon average of $1,525.
What was the median gross rent in Lake Oswego in 2020?
In 2020, the median gross rent in Lake Oswego, Oregon was $1,716 per month.
What is the price-to-rent ratio in Lake Oswego, Oregon?
The price-to-rent ratio in Lake Oswego, Oregon is about 61.7, meaning it would take roughly 61.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Lake Oswego.
Are home prices or rent rising faster in Lake Oswego, Oregon?
Both home prices and rent are rising in Lake Oswego, up about 16.5% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lake Oswego, Oregon?
64.4% of households in Lake Oswego, Oregon own their home, higher than the Oregon average of 58.6%.
What is the vacancy rate in Lake Oswego, Oregon?
The housing vacancy rate in Lake Oswego, Oregon is 6.4%, lower than the Oregon average of 7.5%.
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