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City · 40,381 residents · Clackamas County, Oregon

Lake Oswego , Oregon

In Lake Oswego, a typical home is worth $932,200 and typical rent is $2,139 a month. Compared with all of Clackamas County, the typical home value is 53% higher and typical household income is 37% higher.

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  • Typical home value

    $932,200

    53% above the county

    95% above Oregon

    • Lake Oswego
    • Clackamas
    • Oregon

  • Typical rent

    $2,139a month

    22% above the county

    40% above Oregon

    • Lake Oswego
    • Clackamas
    • Oregon

  • Typical household income

    $141,549a year

    37% above the county

    71% above Oregon

    • Lake Oswego
    • Clackamas
    • Oregon

  • Households that own their home

    69%

    1 points below the county

    6 points above Oregon

    • Lake Oswego
    • Clackamas
    • Oregon

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$863,163
1.5% more than 12 months ago
Typical rent
$2,218 a month
0.8% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Lake Oswego is in Clackamas County. The FHA loan limit ($701,500 for a one-unit home), the fair market rents and the help on this page are those of all of Clackamas County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Lake Oswego apart

What this place has that others do not, from public data, most unusual first.

  1. Lake Oswego has the highest typical home value of the 105 cities in Oregon with more than 5,000 people: $932,200.

  2. Lake Oswego has the 3rd highest typical rent of the 102 cities in Oregon with more than 5,000 people ($2,139).

  3. Nearby, in Jennings Lodge, the typical home value is $462,100: 50% less than in Lake Oswego ($932,200).

  4. Lake Oswego has the 5th highest typical household income of the 105 cities in Oregon with more than 5,000 people ($141,549).

  5. Nearby, in Milwaukie, the typical rent is $1,598: 25% less than in Lake Oswego ($2,139).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Lake Oswego

What homes there are in Lake Oswego, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house is still the most common home in Lake Oswego, but it weighs less than in Clackamas County: 61% against 68%.

Year built

In Lake Oswego, half of the homes were built before 1982; in Clackamas County, before 1985.

Homes in Lake Oswego are smaller: 64% have 3 bedrooms or more; in Clackamas County, 68%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$3,439 a month

Clackamas County: $2,559 a month

Without a mortgage

$1,258 a month

Clackamas County: $871 a month

Owners with a mortgage

65%

Clackamas County: 68%

Owning costs more in Lake Oswego: with a mortgage, the typical cost is $3,439 a month; in Clackamas County, $2,559. Without one, $1,258.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

The typical home value in Lake Oswego rose 46% since 2015–2019, less than in Clackamas County (55%).

Rents in Lake Oswego rose more slowly than in Clackamas County: 33% since 2015–2019, against 36%.

To compare: typical income in Lake Oswego rose 30%; the home, +46%; the rent, +33%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureLake OswegoClackamas CountyOregonUnited States
Rental vacancy Unreliable estimate4.9%4.2%5.5%
Homeowner vacancy Unreliable estimate0.9%0.7%0.9%
More than one person per room Unreliable estimate2.2%3.2%3.4%
People per household 2.382.562.422.53
Drive alone 60%67%65%69%
Carpool 4%7%9%9%
Public transit Unreliable estimate1%2%3%
Walk or bike 2%3%5%3%
Work from home 32%21%19%15%
Other means 2%1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

Households in Lake Oswego are smaller: 2.38 people on average; in Clackamas County, 2.56.

In Lake Oswego, 32% of workers work from home, more than in Clackamas County (21%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Lake Oswego?

A typical home costs more than the typical income allows

We start with a typical home in Lake Oswego, worth $932,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 67% of the typical household income in Lake Oswego, which is $141,549 a year. For that payment to be 28% of income, a household would need to earn about $336,781 a year. Note: at that price the loan is above the FHA limit for Clackamas County ($701,500), so FHA would not insure it; the payment is only a reference.

The calculator's FHA and conventional loan limits are those of all of Clackamas County.

Your numbers

Local data
$

Starts at the typical home value in Lake Oswego. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $32,627 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$7,858

at 7.18% · 30 years

Loan amount
$915,316
Total interest
$1,316,924
Paid off in
November 2056

Includes $15,743 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $3,303 a month

  • Tight

    $3,303 to $4,246 a month

  • Hard

    more than $4,246 a month

    Your payment · 67%

Compared with the typical household income in Lake Oswego ($141,549 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$7,858
Principal & interest$6,201
Property tax$707
Home insurance$388
FHA mortgage insurance (MIP)$562

This loan is over the FHA limit

You'd borrow $899,573, but the FHA limit for a one-unit home in Lake Oswego is $701,500. You'd need a bigger down payment or a different loan.

You need at least $32,627 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Lake Oswego and Clackamas County

Lake Oswego is in Clackamas County, Oregon. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Lake Oswego's own numbers

Typical home value
$932,200
Typical monthly rent
$2,139
Typical yearly household income
$141,549
Households that own their home
69%
Effective property tax rate
0.91%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Clackamas County

FHA limit, one-unit home
$701,500
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,878
Price change over 5 years (FHFA)
+36%
Homes in a high flood-risk zone
1.3%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Clackamas County.

Everything about Clackamas County

Buying

Buying a home in Lake Oswego

A typical home in Lake Oswego is worth $932,200: 53% above the county and 95% above Oregon. With the typical household income in Lake Oswego ($141,549 a year), a typical home costs 6.6 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Lake Oswego 6.6 years
  • Clackamas 5.9 years
  • Oregon 5.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Clackamas County

According to FHFA’s house price index, home prices in Clackamas County rose 87% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Clackamas County.

Period County Oregon U.S.
Last year (2025) +1.6% +0.9% +2.9%
5 years (2020–2025) +36% +35% +47%
10 years (2015–2025) +87% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Lake Oswego next to Clackamas County, Oregon and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Lake Oswego $932,200
  • Clackamas $611,000
  • Oregon $477,600
  • United States $332,700
Typical monthly rent
  • Lake Oswego $2,139
  • Clackamas $1,758
  • Oregon $1,525
  • United States $1,413
Typical yearly household income
  • Lake Oswego $141,549
  • Clackamas $103,517
  • Oregon $83,011
  • United States $80,734
See the full table
Lake Oswego next to Clackamas County and Oregon
Measure Lake Oswego Clackamas County Oregon U.S.
Typical home value $932,200 $611,000 $477,600 $332,700
Typical monthly rent $2,139 $1,758 $1,525 $1,413
Typical yearly household income $141,549 $103,517 $83,011 $80,734
Households that own their home 69% 71% 63% 65%
Typical yearly property tax $8,522 $5,171 $3,876 $3,119
Effective property tax rate 0.91% 0.85% 0.81% 0.94%
Renters with high rent for their income 47% 53% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Clackamas County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Lake Oswego

For a typical $932,200 home in Lake Oswego, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Lake Oswego's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $7,858a month

    Above the FHA limit for Clackamas County ($701,500)
    Down payment
    $32,627
    Cash to close
    $60,593
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $562

  • Conventional, 5% down $7,537a month

    Above the conventional limit for Clackamas County ($832,750): it would be a "jumbo" loan
    Down payment
    $46,610
    Cash to close
    $74,576
    Rate
    7.18%
    Mortgage insurance
    PMI · $443

  • Conventional, 20% down, no PMI $6,147a month

    Least cash to close
    Down payment
    $186,440
    Cash to close
    $214,406
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $7,009a month

    Down payment
    $139,830
    Cash to close
    $167,796
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is Conventional, 20% down, no PMI.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Lake Oswego and for Clackamas County.

Property tax

Effective rate in Lake Oswego

0.91%of the home’s value each year

$8,522 a year for the typical owner in Lake Oswego.

  • Lake Oswego 0.91%
  • Clackamas 0.85%
  • Oregon 0.81%

What Oregon publishes 3 percent cap on maximum assessed value (Measure 50) (Oregon Legislature (Oregon Revised Statutes))

Exemptions and deadlines in Oregon

Flood risk in Clackamas County

FEMA does not publish these numbers by city: they are for all of Clackamas County.

Homes in the high-risk zone
1.3%
1,926
Of those, with NFIP insurance
41%
County Oregon U.S.
Homes in the high-risk zone 1.3% 2.8% 3.5%
Of those, with NFIP insurance 41% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Lake Oswego

Typical rent in Lake Oswego is $2,139 a month: 22% above the county. In Lake Oswego, 47% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Clackamas County, by unit size. To pay the 2-bedroom one ($1,878 a month) without spending more than 30% of your income, you would need to earn $36.12 an hour working full time.

HUD fair market rent for all of Clackamas County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,527 $29.37 $61,080
1 bedroom $1,633 $31.40 $65,320
2 bedrooms $1,878 $36.12 $75,120
3 bedrooms $2,550 $49.04 $102,000
4 bedrooms $3,069 $59.02 $122,760

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Lake Oswego

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Lake Oswego has 2 ZIP codes with their own.

For 2 bedrooms it runs from $2,170 in 97035 to $2,250 in 97034.

2 of the 2 are above the fair market rent for Clackamas County ($1,878).

  • 97034 $2,250$3,060
  • 97035 $2,170$2,950

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Lake Oswego when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Lake Oswego

HUD lists 2 buildings with rents for lower incomes in Lake Oswego. These are the largest.

  • Oakridge Park 4255 Oakridge Rd, Lake Oswego 97035 45 low-income homes · 1 bd: 45 · In service since 2005 · For older adults, people experiencing homelessness (503) 636-1050
  • Hollyfield Village Apts 4077 Sunset Dr, Lake Oswego 97035 30 low-income homes · 1 bd: 28 · 2 bd: 2 · In service since 2013 · For older adults (503) 635-2606

See all 47 buildings in Clackamas County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Lake Oswego

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Clackamas County; 1 says it serves in Spanish.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Lake Oswego

No down payment, repair or rent-help program on our list is for Lake Oswego or Clackamas County. The ones below are statewide in Oregon: they work in Lake Oswego the same as in the rest of the state.

Which programs do I qualify for? All programs in Oregon

  • OHCS Down Payment Assistance

    Statewide in Oregon

    Oregon state funds for the down payment and closing costs, delivered by local organizations: up to $60,000 or 20% of the price, sometimes as a grant or as a forgivable second mortgage, for first-time or first-generation buyers with income up to 100% of the area median. Offered by Oregon Housing and Community Services (OHCS).

    GrantForgivable

    See the program Official page

  • FirstHome (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for low- and moderate-income first-time buyers, with down payment assistance of 4% or 5% of the loan as a second mortgage. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

  • NextStep (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for any buyer, including people who have owned a home before, with down payment assistance of 4% or 5% of the loan as a second mortgage that can be forgivable or repayable. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

Housing counselors near Lake Oswego

The HUD-approved agencies closest to the center of Lake Oswego, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Housing Options Provided for the Elderly

    5200 Meadows Rd Ste 150, Lake Oswego · 1 miles away

    • Reverse mortgage counseling
    (971) 207-7820

  • DevNw

    421 High Street, Suite 110, Oregon City · 6 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (503) 655-8974

  • African American Alliance for Homeownership, Inc.

    825 NE 20th Ave Ste 100, Portland · 8 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and credit workshops
    • and 2 more
    (503) 595-3517

Every agency in Clackamas County All counseling agencies in Oregon

Help in Spanish near Lake Oswego

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Lake Oswego

HUD’s record names them for Lake Oswego or Clackamas County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of Clackamas County Public housing and Section 8 vouchers (503) 655-8267

All housing agencies in Oregon Source: HUD

Cities

Other cities in Clackamas County

These cities are also in Clackamas County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Clackamas County Housing in Oregon
See 2 more cities in Clackamas County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Lake Oswego, with the typical home value.

Neighboring counties

If Clackamas County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Lake Oswego.

All guides
A couple spread mulch under the avocado trees of their family orchard, he on the tractor and she with a shovel.

Questions

Housing questions about Lake Oswego

Short answers with the numbers for Lake Oswego and all of Clackamas County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Lake Oswego?

The typical home value in Lake Oswego is $932,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Clackamas County it is $611,000.

How much does it cost to rent in Lake Oswego?

Typical rent in Lake Oswego is $2,139 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Clackamas County is $1,878.

What is the FHA loan limit in Lake Oswego?

Lake Oswego uses the FHA limit for all of Clackamas County (2026): $701,500 for a one-unit home and $1,349,050 for a four-unit home.

How much property tax do owners pay in Lake Oswego?

The typical homeowner in Lake Oswego pays $8,522 a year, according to the U.S. Census Bureau. That is 0.91% of the home’s value; in Clackamas County, the rate is 0.85%.

Where can I find free help to buy or rent in Lake Oswego?

There are 2 HUD-approved counseling agencies with an office in Clackamas County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).