Lake Oswego OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (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 39,532, 16,492 total housing units (homes and apartments), and a median house value of $747,762, 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 61.71% of the city's housing units. Other types of housing that are prevalent in Lake Oswego include large apartment complexes or high rise apartments ( 23.00%), row houses and other attached homes ( 9.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.56%).

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 70.82% of Lake Oswego's homes, and 56.48% 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 ( 18.97%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.13%). There's also some housing in Lake Oswego built before 1939 ( 4.66%).

Lake Oswego Home Appreciation Rates

In the last 10 years, Lake Oswego has experienced some of the highest home appreciation rates of any community in the nation. Lake Oswego real estate appreciated 52.71% over the last ten years, which is an average annual home appreciation rate of 4.32%, putting Lake Oswego in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lake Oswego definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Lake Oswego's appreciation rate, at 3.94%, has been at or slightly above the national average. In the latest quarter, Lake Oswego's appreciation rate has been 0.71%, which annualizes to a rate of 2.86%.

Relative to Oregon, our data show that Lake Oswego's latest annual appreciation rate is lower 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:
$747,762

Lake Oswego, OR HOME PRICES

Value Range
> $1,205,000 12.9
$904,001 - $1,205,000 16.5
$602,001 - $904,000 32.5
$482,001 - $602,000 14.3
$361,001 - $482,000 11.4
$241,001 - $361,000 6.6
$120,001 - $241,000 4.3
$60,001 - $120,000 0.5
$0 - $60,000 1.0

Very High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
2.90802919708029 0.483091787439614

Number Of Homes And Apartments:
16,492

Lake Oswego Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
124.27% 4.02%
8
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,271 / per month

Homeownership Rate

Homeownership
Owners 70.82
Renters 29.18
Vacant 5.09

Housing Market Details

 

Age of Homes

AGE OF Lake Oswego HOMES
2000 or Newer 11.1
1970 - 1999 65.2
1940 - 1969 19.0
1939 or Older 4.7

Types of Homes

TYPE OF Lake Oswego HOMES
Single-Family 61.7
Townhomes 9.5
Small Apt. Buildings 5.6
Apt. Complexes 23.0
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Lake Oswego HOMES
No Bedroom 1.34
1 Bedroom 9.83
2 Bedrooms 24.31
3 Bedrooms 27.63
4 Bedrooms 28.84
5 or more bedrooms 8.05