Market Overview
Home Prices in Lake Oswego, OR
The median home value in Lake Oswego, OR is $898,637 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.1% compared to a year ago and up 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lake Oswego are priced119% above average. Lake Oswego is part of the Portland-Vancouver-Hillsboro, OR-WA metro area.
Over the past five years, Lake Oswego home values have risen by approximately17.6%, reflecting steady appreciation in this market.
Price History
Lake Oswego Home Price Trend
City Comparison
Lake Oswego vs. National Median
At $898,637, homes in Lake Oswego cost 119% above the national median of $410,000. Buyers in Lake Oswego should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lake Oswego?
20% Down Payment
$179,727
on $898,637
Monthly P&I
$4,687/mo
30-yr @ 6.8%
Total Monthly Est.
~$5,952/mo
incl. taxes & insurance
Income Needed
$238,080
gross annual (30% rule)
10% Down Option
$89,864
+ PMI applies
Loan Amount (20% dn)
$718,910
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Lake Oswego, OR?
The median home value in Lake Oswego is $898,637 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.1% year-over-year.
How much have home prices changed in Lake Oswego?
Over the past year, home values in Lake Oswego have increased by 0.1%. Over five years, prices have risen approximately 17.6%.
How much do I need to earn to buy a home in Lake Oswego?
To comfortably afford the median home price of $898,637 with a 20% down payment ($179,727) at today's rates (6.8%), you'd need a gross annual income of approximately $238,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Lake Oswego compare to the national average home price?
The national median home value is approximately $410,000. At $898,637, homes in Lake Oswego are 119% above the national average.
What metro area is Lake Oswego part of?
Lake Oswego is part of the Portland-Vancouver-Hillsboro, OR-WA metropolitan area. Home prices and market conditions can vary across the broader metro region.