The Most Affordable Neighborhoods in Lake Oswego, OR by Home Value

 

Lake Oswego, OR Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Lake Oswego area can be challenging. Home prices in Lake Oswego are now at a median cost of $698,787, higher than the Oregon average of $365,363.

The average cost of rent is $1,907/mo in Lake Oswego, primarily driven by the current value of real estate in the Lake Oswego area. While nearly 30.36% of residents own their homes outright in Lake Oswego, 27.18% rent.

Housing affordability isn’t just about home prices, though. The average household income in Lake Oswego is $10,485 per month. Households that rent pay about 18.19% of their income on rent here. Lake Oswego's most expensive areas are in the eastern regions, while the cheapest areas are in the southeastern parts of the city.


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