Bankruptcy Homes in Lake Oswego, OR

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Home Value Estimator For Lake Oswego, OR

There are currently 16,498 real estate properties in Lake Oswego, OR, with a median automated valuation model (AVM) price of $853,777.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake Oswego, OR, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Lake Oswego, OR, is $1,032,986.00, with the most expensive house in Lake Oswego, OR, topping out at $11,290,400.00 and the cheapest home in Lake Oswego, OR, clocking in at $24,037.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Oswego, OR!

Rent Prices In Lake Oswego, OR

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Oswego, OR, is on a rollercoaster ride. The average rent price in Lake Oswego, OR, is $1,867.00. Indeed, when looking to rent in Lake Oswego, OR, you can expect to pay as little as $840.00 or as much as $5,390.00, with the average rent median estimated to be $1,800.00. The good news is that finding an affordable and desirable property to rent in Lake Oswego, OR -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Lake Oswego, OR In 2024

Lake Oswego is located in Clackamas, Oregon, with an estimated municipal population of 39,822 residents. All of the best foreclosed homes for sale in Lake Oswego are located in the following zip code areas on 97034 97035 97036. The estimated population per square kilometer (.62 miles) in Lake Oswego is 1,426.

Cost Of Living In Lake Oswego, OR

So, about how much do homes cost in Lake Oswego? The most recent median value of resident-owned homes in Lake Oswego is 635,153. An estimated 73.6 percent of households in Lake Oswego own their homes, with an average family size of 2.89. The median household income in Lake Oswego is 108,927, with53.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lake Oswego, the median commute time of resident workers (in minutes) is 24.9. And last, but certainly not least, are you looking for homes to rent in Lake Oswego? If so, the average rent price paid by renters in Lake Oswego is 1,614, according to recent statistics.

Diversity And Demographics In Lake Oswego, Oregon

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Lake Oswego, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Lake Oswego is 46.9, split between 48.7 percent male versus 51.3 female. The percentage of residents who report being married in Lake Oswego is 61.2, with an average family size of 2.89.

The percentage of residents who report their race in Lake Oswego is as follows:

White 85.8%
Black / African American 1%
Asian 6.1%
American Indian / Alaskan Native 0.7%
Native Hawaiian / Other Pacifc Islander 0.4%
Multi-racial 4.5%
Other 1.4%

Looking for family-friendly neighborhoods in and/or near Lake Oswego? Or maybe you are searching for 55+ active adult communities in and/or near Lake Oswego?

The percentage of residents who report their age in Lake Oswego is as follows:

Under 10 9%
Aged 10-19 14.1%
20s 8.7%
30s 8.8%
40s 14.5%
50s 16.7%
60s 14.6%
70s 8.9%
80+ 4.7%

Best Schools In Lake Oswego, Oregon

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Lake Oswego with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Lake Oswego.

Pros And Cons Of Living In Lake Oswego, Oregon

How do you know that living in -- or moving to -- Lake Oswego is right where you need to be? Perhaps you grew up in Lake Oswego or already live nearby; therefore, the decision to buy a home in Lake Oswego is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Lake Oswego for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Lake Oswego:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Lake Oswego.

Reasons To Move To Lake Oswego, Oregon, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Lake Oswego can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Lake Oswego, meanwhile, can field multiple offers from more qualified buyers.

Lake Oswego, OR Bankruptcy Homes


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