Why Live in Palisades
Palisades, the largest neighborhood in Lake Oswego, Oregon, is a hilly community stretching past Oswego Lake's southern shore. Known for its picturesque views and waterfront lifestyle, Palisades offers a mix of midcentury modern, contemporary, Cape Cod, and Craftsman homes. The neighborhood features spacious properties, many with grassy lawns and attached garages, and a mix of HOA and non-HOA homes. Residents benefit from highly rated schools, including Westridge Elementary, Hallinan Elementary, Lakeridge Middle, and Lakeridge High School, which offer various programs and extracurricular activities. The neighborhood is safer than the national average, providing a low crime risk environment. Palisades is home to the 42-acre Cooks Butte City Park and the temporarily closed Lake Oswego Golf Course, with nearby attractions like Luscher Farm City Park. While not a retail hub, residents have access to the Palisades Business District for groceries and the Lake Grove Shopping Center for retail needs. Dining options include Oswego Hills Vineyard and Winery, Domaine Serene Wine Lounge, Holy Taco, and Bamboo Sushi. The community fosters a strong sense of togetherness with block parties, community events, and volunteer efforts. Palisades is car-dependent, with downtown Lake Oswego just 2 miles away and downtown Portland around 10 miles north. Major employers like Providence Milwaukie Hospital, Nike, and Intel are within a reasonable driving distance. The Portland International Airport is approximately 20 miles away, making travel convenient for residents.
Frequently Asked Questions
Is Palisades a good place to live?
Palisades is a good place to live. Palisades is considered very car-dependent and somewhat bikeable with minimal transit options. Palisades is a suburban neighborhood with a crime score of 1, making it safer than the average neighborhood in the U.S. Palisades has 7 parks for recreational activities. It is fairly sparse in population with 4.8 people per acre and a median age of 49. The average household income is $190,041 which is above the national average. College graduates make up 74.6% of residents. A majority of residents in Palisades are home owners, with 12.7% of residents renting and 87.3% of residents owning their home. A
local real estate agent serving Palisades can help you decide if this neighborhood is the right one for you. Learn more on our
Palisades neighborhood guide.
Is Palisades, OR a safe neighborhood?
Palisades, OR is safer than the average neighborhood in the United States. It received a crime score of 1 out of 10.
How much do you need to make to afford a house in Palisades?
The median home price in Palisades is $465,000. If you put a 20% down payment of $93,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $2,410 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $103K a year to afford the median home price in Palisades. The average household income in Palisades is $190K.
What are the best public schools in Palisades?
The best public schools that serve Palisades are:
What are the best private schools in Palisades?
The best private schools that serve Palisades are:
What are the most popular zip codes in Palisades, Lake Oswego, OR?
What are the most popular neighborhoods near Palisades, Lake Oswego, OR?
Are home prices dropping in Palisades?
Yes, home prices in Palisades are down 22% in the last 12 months.
Home Trends in Palisades, OR
On average, homes in Palisades, Lake Oswego sell after 65 days on the market compared to the national average of 70 days. The median sale price for homes in Palisades, Lake Oswego over the last 12 months is $385,000, down 23% from the median home sale price over the previous 12 months.
Median Sale Price
$385,000
Median Single Family Sale Price
$465,000
Median Townhouse Sale Price
$309,990
Median 2 Bedroom Sale Price
$725,000
Median 1 Bedroom Sale Price
$659,000
Average Price Per Sq Ft
$292
Number of Homes for Sale
14
Last 12 months Home Sales
108
Median List Price
$465,000
Median Change From 1st List Price
1%
Median Home Sale Price YoY Change
-23%
