Real Estate Investing in Lake Oswego, Oregon (97035)
Should you buy in 97035 (Lake Oswego, OR)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High price-to-rent: Price-to-rent ratio 30.7 — hard to cash-flow at these prices.
What’s happening in Lake Oswego, OR (97035)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97035 Lake Oswego
Investors eyeing 97035 need to respect the fundamentals at play. Home values of $753K come alongside slower price movement and elevated management overhead.
For an experienced owner, 97035 can be a a viable market for hunting ground — but the discount at $753K reflects genuine risk that outside investors often underestimate.
Nearby ZIPs in Lake Oswego have seen price recovery that 97035 has not matched. Clackamas County data supports the view that the spread is structural rather than temporary.
Resident income in 97035 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
trends toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Lake Oswego:
Property Strategy for 97035
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $209,616 | $1,990 | 6.8% | +3.4% | $209,616 |
| 2BR | $335,470 | $2,280 | 4.9% | +3.7% | $167,735 |
| 3BR | $690,238 | $3,110 | 3.2% | +5.7% | $230,079 |
| 4BR | $960,385 | $3,690 | 2.8% | +6.4% | $240,096 |
| 5BR | $1,095,638 | — | — | +6.6% | $219,128 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97035 Compare?
| Metric | 97035 | Lake Oswego | Oregon |
|---|---|---|---|
| Home Value | $752,557 | $948,128 | $493,884 |
| 5-Year CAGR | 4.4% | 4.7% | 4.9% |
| Avg Rent | $2,041 | $2,355 | - |
| Cap Rate | 2.1% | 2.0% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97035 (Lake Oswego, OR). Anonymous, moderated, never written by AI.
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Property managers serving Clackamas County
Manage rentals here? List your business →Eagle Property Management is Portland's premier property management team, serving Portland and Lake Oswego, OR. summary from their website
Illume Property Management and North Coast Property Management eliminate the stress of property ownership and remodeling in the Portland Metro Area and on the Oregon Coast. summary from their website
Real Property Management helps protect investments, provides professional service, minimizes costs, and maximizes income for property owners. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $752,557 |
| Monthly Rent | $2,041 |
| Price-to-Rent | 30.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 6.5% |
📈 Home Appreciation
| 1-Year | +2.1% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 Rent Trends
| 1-Year | -3.0% ▼ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +3.2% ▲ |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 97035
Population: 25,875
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 97035
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Hallinan Elementary School
Palisades World Language School
Forest Hills Elementary School
Westridge Elementary School
Lake Oswego Middle School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 8,393 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How do home values compare in Lake Oswego, OR?
Expect median prices around $753K in Lake Oswego, OR. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.
Are landlord laws favorable in Lake Oswego, OR?
Landlord-friendliness in Lake Oswego, OR is landlord-friendly. Eviction timelines and lease enforcement are considered reasonable by most property managers.
What is the tenant pool like in Lake Oswego, OR?
Tenant demand in Lake Oswego, OR is solid. The local workforce $2,041/mo rents across most rental classes.
What are vacancy rates like in Lake Oswego, OR?
Occupancy in Lake Oswego, OR runs reliable with elevated vacancy. Well-priced units at $2,041/mo lease on reasonable timelines.
Does house hacking make sense in Lake Oswego, OR?
Lake Oswego, OR is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $753K price point reasonable to enter.
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