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Area data

Lake oswego, OR — ZIP 97034

Population: 21,331 (Census ACS)

The median home value in ZIP 97034 (Lake oswego, OR) is $1.13M — up 1.4% over the past year. Homes sell for a median $1.41M after a median 23.5 days on market. Typical rent runs $2,772/month. 8 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively High, with avalanche, coldwave, earthquake the top-rated hazards. Cost of living is 1.5% above the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$1.13M

Median home value

+1.4%

1-year change

23.5

Median days on market

Relatively High

Hazard risk (county)

Home values & appreciation

Median home value
$1.13M
1-year appreciation
+1.4%
3-year appreciation
+3.8%
5-year appreciation
+17.8%
10-year appreciation
+65.0%
All-time peak (2026-07)
$1.13M
House Price Index (state)
623.5 (+0.5% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$1.41M
Median list price
$1.55M
Median price per sqft
$427
1-year sale-price change
+7.6%
Median days on market
23.5 days
Homes sold (recent period)
77
For-sale inventory
183
Sale-to-list ratio
98.2%
Active listings
119
1-year forecast
-1.0%
Days to pending
46 days
New listings (monthly)
47

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$2,772/mo
1-year rent change
-0.9%
Studio fair-market rent
$986/mo
1BR fair-market rent
$1,233/mo
2BR fair-market rent
$1,558/mo
3BR fair-market rent
$2,026/mo
4BR fair-market rent
$2,337/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Above Average)
101.5 (100 = US avg)
Electricity rate (state-level)
15.4¢/kWh
Natural gas rate (state-level)
$16.70/MCF
30-year mortgage rate (national)
6.66%
15-year mortgage rate (national)
6.00%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
8
Elementary schools
4
Middle schools
1
High schools
3
Charter schools
1
Schools include
Forest Hills Elementary School, Lake Oswego Middle School, Lake Oswego Senior High School, Lakeridge High School, Westridge Elementary School

Source: NCES school directory, 2022-23 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively High
Top hazards (county)
avalanche, coldWave, earthquake, iceStorm, inlandFlooding
Notable hazard ratings (county)
avalanche: Relatively High · coldWave: Relatively High · earthquake: Relatively High · heatWave: Relatively Moderate · iceStorm: Relatively High · inlandFlooding: Relatively High
FEMA flood zone
AE
Flood risk level
High
Wildfire risk to homes (county)
Higher than 80% of US counties
Buildings in wildfire direct-exposure zone
41.6%
Radon potential (county)
Low radon potential — EPA Zone 3 of 3
EPA Superfund (NPL) sites within 5 mi
None
Nearest Superfund site
Northwest Pipe & Casing/Hall Process Co (5.9 mi)
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA flood data (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
55.0°F
Average high
65.0°F
Average low
46.0°F
Annual precipitation
47.9 in
USDA plant hardiness zone
9a (extreme annual low 20 to 25°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
34
Days with Good air quality
304
Days with Moderate air quality
57
Highest AQI recorded (year)
125

Source: EPA air quality data (nearest monitoring station, annual)

Walkability & transit

Walkability index
14.2 / 20
Transit service frequency
385
Jobs reachable by car (30 min)
49,213
Jobs reachable by transit (45 min)
36,606

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

National parks within ~60 mi
1
Nearest national park
Fort Vancouver National Historic Site (15 mi)
Airports within 30 mi
73
Nearest airport
Bruce's Airport (3 mi)
Nearest major airport
Aurora State Airport (12 mi)
Hospitals nearby (~15 mi)
13
Hospitals include
PROVIDENCE ST VINCENT MEDICAL CENTER, CEDAR HILLS HOSPITAL, OHSU HOSPITAL AND CLINICS
Avg hospital rating (CMS)
3.5 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (3.5 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data · DOE/NREL (proximity-based)

Migration

Net migration (county)
+425 tax filers

Source: IRS county-to-county migration data (county-level, ~12-month lag)

Housing stock

Median year housing built
1,977
Housing built before 1970
37.0%
Housing built 2000 or later
23.0%
Median annual property tax
$9,180
Mean commute to work
15 min
Households with broadband internet
88.4%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
156,620
Average weekly wage
$1,296
Top industries (by employment)
Health Care, Construction, Accommodation & Food
Annual residential building permits (county)
743

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 97034State medianUS median
Median home value$1.13M$463,165$289,727
Median sale price$1.41M$460,000$325,000
Median days on market24 days48 days51 days
Typical rent$2,772/mo$1,756/mo$1,808/mo
Median annual property tax$9,180$2,722$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the median home value in ZIP 97034?
$1.13M.
What is the median sale price in ZIP 97034?
$1.41M.
How long do homes take to sell in ZIP 97034?
Median days on market: 23.5 days.
What is typical rent in ZIP 97034?
Typical rent: $2,772/month.
What is the natural-hazard risk in ZIP 97034?
Overall risk: Relatively High (FEMA NRI, county-level). Top hazards: avalanche, coldWave, earthquake, iceStorm, inlandFlooding.
Is ZIP 97034 in a flood zone?
High (FEMA NFIP). FEMA flood zone AE.
What is the wildfire risk in ZIP 97034?
Risk to homes is higher than 80% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 97034?
Low radon potential — EPA Zone 3 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 97034?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 97034?
8 schools (4 elementary, 1 middle, 3 high) (NCES, 2022-23).
Is ZIP 97034 walkable?
Walkability index: 14.2/20 (EPA Smart Location Database).
What is the air quality in ZIP 97034?
Good. Median AQI: 34. (EPA AQI).
What is the cost of living in ZIP 97034?
Regional Price Parity: 101.5 (100 = US average) (Above Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

Selling a home in Lake oswego, OR?

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Data last updated

Most recent source refresh: Sep 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents