Why Live in Lakewood
Lakewood in Lake Oswego, OR, is a picturesque neighborhood situated on a manmade peninsula bordered by Oswego Lake and Lakewood Bay. Known for its luxury homes and lush foliage, the area features Craftsman, French, and Mediterranean-style houses from the 1930s and 1940s, as well as contemporary, Ranch-style, and midcentury modern homes. Many properties boast beautifully maintained gardens, stone walls, and hedges. Over half of the homes have private docks for easy lake access, while others are a short walk from public swimming areas and lakeside parks like Lake Oswego Swim Park and George Rogers Park. The neighborhood is served by highly rated schools, including Forest Hills Elementary School, Lake Oswego Junior High School, and Lake Oswego High School, which is noted as the best public high school in Oregon. Residents enjoy a low crime risk compared to the national average. The commercial district along State Street offers convenient amenities, including a Whole Foods Market and Safeway, and dining options like Monster Tea and the Lake Theater and Café. Despite its tranquil setting, Lakewood is just a 20-minute drive from downtown Portland, providing a blend of peaceful living and urban accessibility.
Frequently Asked Questions
Is Lakewood a good place to live?
Lakewood is a good place to live. Lakewood is considered fairly walkable and bikeable with some transit options. Lakewood has 7 parks for recreational activities. It is fairly dense in population with 11.5 people per acre and a median age of 54. The average household income is $160,234 which is above the national average. College graduates make up 86% of residents. A majority of residents in Lakewood are home owners, with 17.5% of residents renting and 82.5% of residents owning their home. A
local real estate agent serving Lakewood can help you decide if this neighborhood is the right one for you. Learn more on our
Lakewood neighborhood guide.
Is Lakewood, OR a safe neighborhood?
Lakewood, OR is safer than the average neighborhood in the United States. It received a crime score of 3 out of 10.
How much do you need to make to afford a house in Lakewood?
The median home price in Lakewood is $1,543,500. If you put a 20% down payment of $308,700 and had a 30-year fixed mortgage with an interest rate of 6.21%, your estimated principal and interest payment would be $7,570 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $324K a year to afford the median home price in Lakewood. Learn how much home you can afford with our
Home Affordability Calculator. The average household income in Lakewood is $160K.
What are the best public schools in Lakewood?
The best public schools that serve Lakewood are:
What are the best private schools in Lakewood?
The best private schools that serve Lakewood are:
What are the most popular zip codes in Lakewood, Lake Oswego, OR?
What are the most popular neighborhoods near Lakewood, Lake Oswego, OR?
Home Trends in Lakewood, OR
On average, homes in Lakewood, Lake Oswego sell after 128 days on the market compared to the national average of 53 days. The median sale price for homes in Lakewood, Lake Oswego over the last 12 months is $1,317,000, up 156% from the median home sale price over the previous 12 months.
Median Sale Price
$1,317,000
Median Single Family Sale Price
$1,775,000
Median 2 Bedroom Sale Price
$399,000
Median 1 Bedroom Sale Price
$335,000
Average Price Per Sq Ft
$668
Number of Homes for Sale
5
Last 12 months Home Sales
13
Median List Price
$1,543,500
Median Change From 1st List Price
10%
Median Home Sale Price YoY Change
156%
