Lake Oswego, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lake Oswego Neighborhoods Since 2000




Lake Oswego, OR Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lake Oswego Housing Market Information

With a population of 38,487, 16,193 total housing units (homes and apartments), and a median house value of $639,543, Lake Oswego house prices are not only among the most expensive in Oregon, Lake Oswego real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Lake Oswego, accounting for 61.08% of the city's housing units. Other types of housing that are prevalent in Lake Oswego include large apartment complexes or high rise apartments ( 23.48%), row houses and other attached homes ( 9.13%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.28%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Lake Oswego. Owner-occupied housing accounts for 66.56% of Lake Oswego's homes, and 56.25% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Lake Oswego built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lake Oswego built between 1940-1969 ( 22.01%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.81%). There's also some housing in Lake Oswego built before 1939 ( 4.19%).

Lake Oswego Home Appreciation Rates

Appreciation rates for homes in Lake Oswego have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.83%, which ranks in the top 30% nationwide. This equates to an annual average Lake Oswego house appreciation rate of 1.21%.

Appreciation rates are so strong in Lake Oswego that despite a nationwide downturn in the housing market, Lake Oswego real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lake Oswego appreciation rates continue to be some of the highest in America, at 10.13%, which is higher than appreciation rates in 94.18% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lake Oswego. Lake Oswego appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.

Importantly, this makes Lake Oswego one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Oregon, our data show that Lake Oswego's latest annual appreciation rate is higher than 60% of the other cities and towns in Oregon.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Lake Oswego differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lake Oswego - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Lake Oswego real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$639,543

Lake Oswego, OR HOME PRICES

Value Range
> $1,344,000 10.4
$1,008,001 - $1,344,000 10.1
$672,001 - $1,008,000 23.8
$538,001 - $672,000 19.2
$403,001 - $538,000 18.0
$269,001 - $403,000 10.0
$134,001 - $269,000 5.8
$67,001 - $134,000 1.7
$0 - $67,000 1.0

Very High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
3.32239540607055 0.483091787439614

Number Of Homes And Apartments:
16,193

Lake Oswego Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
102.02% 4.16% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,013 / per month

Homeownership Rate

Homeownership
Owners 66.56
Renters 33.44
Vacant 5.15

Housing Market Details

 

Age of Homes

AGE OF Lake Oswego HOMES
2000 or Newer 11.8
1970 - 1999 62.0
1940 - 1969 22.0
1939 or Older 4.2

Types of Homes

TYPE OF Lake Oswego HOMES
Single-Family 61.1
Townhomes 9.1
Small Apt. Buildings 6.3
Apt. Complexes 23.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lake Oswego HOMES
No Bedroom 0.78
1 Bedroom 9.79
2 Bedrooms 25.73
3 Bedrooms 30.14
4 Bedrooms 26.11
5 or more bedrooms 7.44