Why Live in Lake Grove
Lake Grove, a neighborhood in Lake Oswego, offers a peaceful charm with its established gardens, private lots, and quiet winding lanes. Towering pine trees provide shade and a sense of privacy, distinguishing it from newer subdivisions. Residents are less than a mile from Oswego Lake's waterfront parks and just 20 minutes from downtown Portland, with Tigard's shops and amenities 3 miles away. The neighborhood features a variety of home styles, including craftsman-style and Colonial Revival homes built after 2015, with prices generally higher than nearby areas. Lake Grove is known for its highly ranked schools, including Lake Grove Elementary School, Forest Hills Elementary School, Lake Oswego Junior High School, and Lake Oswego High School, which are all highly rated.
Local points of interest include Lake Grove Swim Park, accessible to students of the Lake Oswego School District, and Iron Mountain City Park, offering 51 acres of trails for mountain biking and hiking. The nearby Lake Oswego Hunt Club, established in 1936, provides equestrian facilities and lessons. Boones Ferry Road features a vibrant commercial district with La Provence Boulangerie & Patisserie, medical offices, Zupan’s Markets, and Hop N Cork, a tap house with a rotating selection of beers. For additional shopping, residents can visit Whole Foods or Trader Joe’s in Tigard or Albertsons on Boones Ferry Road. The neighborhood is safer than the national average, providing a low crime risk area for residents. With Interstate 5 just a short drive away, downtown Portland is easily accessible, offering a balance of suburban tranquility and urban convenience.
Frequently Asked Questions
Is Lake Grove a good place to live?
Lake Grove is a good place to live. Lake Grove is considered somewhat walkable and very bikeable with minimal transit options. Lake Grove is a suburban neighborhood. Lake Grove has 7 parks for recreational activities. It is fairly sparse in population with 3.8 people per acre and a median age of 49. The average household income is $128,693 which is above the national average. College graduates make up 78.7% of residents. A majority of residents in Lake Grove are home owners, with 26.2% of residents renting and 73.8% of residents owning their home. A
local real estate agent serving Lake Grove can help you decide if this neighborhood is the right one for you. Learn more on our
Lake Grove neighborhood guide.
How much do you need to make to afford a house in Lake Grove?
The median home price in Lake Grove is $1,955,000. If you put a 20% down payment of $391,000 and had a 30-year fixed mortgage with an interest rate of 6.17%, your estimated principal and interest payment would be $9,550 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $409K a year to afford the median home price in Lake Grove. The average household income in Lake Grove is $129K.
What are the best public schools in Lake Grove?
The best public schools that serve Lake Grove are:
What are the best private schools in Lake Grove?
The best private schools that serve Lake Grove are:
What are the most popular zip codes in Lake Grove, Lake Oswego, OR?
What are the most popular neighborhoods near Lake Grove, Lake Oswego, OR?
Are home prices dropping in Lake Grove?
Yes, home prices in Lake Grove are down 3% in the last 12 months.
Home Trends in Lake Grove, OR
On average, homes in Lake Grove, Lake Oswego sell after 119 days on the market compared to the national average of 53 days. The median sale price for homes in Lake Grove, Lake Oswego over the last 12 months is $1,347,500, up 11% from the median home sale price over the previous 12 months.
Median Sale Price
$1,347,500
Median Single Family Sale Price
$1,795,000
Median 2 Bedroom Sale Price
$359,900
Average Price Per Sq Ft
$493
Number of Homes for Sale
10
Last 12 months Home Sales
20
Median List Price
$1,955,000
Median Change From 1st List Price
6%
Median Home Sale Price YoY Change
11%
