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Lake Forest

Lake Forest

$857,085 Average Value
$468 Average Price per Sq Ft
19 Homes For Sale

Suburb south of Portland by Oswego Lake

Lake Forest’s streets, lined with mature fir trees, sit around 10 miles south of Portland. “Lake Oswego was originally a camping town when Portland was young, and over time, it became a hotspot off Interstate 5 with some of the highest priced homes on Oswego Lake,” says Darryl Bodle II, a principal broker at Darryl Bodle Real Estate with over two decades of experience. “Lake Forest is an older and more of an original part of Oswego with a suburban feel and the walkability." The neighborhood is part of the Lake Oswego School District, Oregon’s highest-ranked district, earning an A-plus by Niche.

Homes along the northern edge of Lake Forest share space with a number of office parks along Kruse Way.
Homes along the northern edge of Lake Forest share space with a number of office parks along Kruse Way.
A large contemporary home with a bridge red roof along SW Partridge Drive in Lake Forest.
A large contemporary home with a bridge red roof along SW Partridge Drive in Lake Forest.
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Midcentury ranch-style homes and bungalows

Single-family homes here include midcentury ranch-style homes and bungalows as well as newer construction like new traditional and Millennium Mansions. Prices depend on size and whether they have lake easements, granting access to Oswego Lake. Some of the neighborhood’s earliest houses list between $520,000 and $800,000. Newer construction lists between $800,000 and $2.4 million, depending upon size and location. Early 2000s townhouses sit in sidewalk-lined communities, where homes range from $470,000 and $620,000.

Homes along SW Partridge Drive showcase a variety of styles in Lake Forest.
Homes along SW Partridge Drive showcase a variety of styles in Lake Forest.
Ranch homes along SW Carman Drive provide more affordable housing options in Lake Forest.
Ranch homes along SW Carman Drive provide more affordable housing options in Lake Forest.
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Top-rated schools in Oregon

Lake Oswego School District serves the neighborhood and is Oregon’s highest-ranked district according to Niche. The community’s northern half is zoned for Lake Grove Elementary School, Lake Oswego Middle School and Lake Oswego High School. Both the elementary and middle schools earn A grades from Niche, while the high school receives an A-plus. River Grove Elementary School and Lakeridge Middle School, for which the southern half of the neighborhood is zoned, both maintain A grades. Lakeridge High School, which earns an A-plus, offers dual and concurrent credit courses, where students can earn college credits from nearby universities such as Portland State University.

Welcome to Lakeridge High School, a four-year secondary school.
Welcome to Lakeridge High School, a four-year secondary school.
Lakeridge Middle School in the Bryant Neighborhood.
Lakeridge Middle School in the Bryant Neighborhood.
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West Waluga Park, private lake access and peacocks

West Waluga Park offers many recreational offerings, including an off-leash dog park and a paved walking path around a pirate ship playground. The park also has outdoor Fit Spot Equipment, including a chest press, leg press and elliptical. East Waluga Park’s 53-acre green space includes two turf baseball fields outfitted with stadium lights, a bike course and a playground. Residents with lake easements can use Oswego Lake for swimming and boating since it is otherwise considered private by city ordinances; in fact, its private status was disputed by the public and then confirmed in 2022. Peacocks are commonly spotted when walking or biking through the neighborhood, particularly around Inverurie Road. “Every now and then, I’ll see a bunch of them,” says Dianne Gregoire, a Lake Forest local for over 25 years and realtor with Oregon First. “Last time I counted, there were 35 of them, but there’s probably 50 or 60. They’re beautiful. However, not everyone loves them. They’re very loud, especially during mating season.”

Westlake residents enjoy jogging on the paved trails at West Waluga Park.
Westlake residents enjoy jogging on the paved trails at West Waluga Park.
A pair of joggers running by Waluga Park East.
A pair of joggers running by Waluga Park East.
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Local dining chains, Bridgeport Village and cinemas

Local dining chains can be found in strip malls along Boones Ferry Road and Kruse Way , including Oswego Grill, which serves wood-fired meals, and La Provence Boulangerie & Patisserie, which offers French pastries and seasonal specials. Bridgeport Village’s outdoor mall has major retailers, including Madewell and Banana Republic. Restaurants, including Sinju Sushi, fill the northern area of the mall, where the latest movies are shown in Regal Bridgeport Village’s regular and IMAX theaters. Box stores line Meridian Square’s shopping center, including Dick’s Sporting Goods and a Safeway for groceries. Family owned grocery chain Zupan’s Markets is also close by.

Enjoy farm-to-table bistro fare at Tavern on Kruse in the Westlake neighborhood.
Enjoy farm-to-table bistro fare at Tavern on Kruse in the Westlake neighborhood.
Grab a fruit smoothie or Acai bowl after a day on the lake.
Grab a fruit smoothie or Acai bowl after a day on the lake.
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Traveling by Interstate 5, TriMet trains and buses

Interstate 5 runs through the neighborhood’s west side, connecting it with Portland in about 10 miles and the Portland International Airport in nearly 22 miles. TriMet, Portland’s public transportation service, offers buses along local thoroughfares, including Boones Ferry Road and Kruse Way. Trains depart from nearby Tualatin WES Station and go to the city. Legacy Meridian Park Medical Center is the closest emergency facility, about 4 miles south.

Festivals, farmers markets and faith

Lake Oswego Festival of the Arts is a three-day event held by the Lakewood Center for the Arts at the end of June. Each year, a different art form is the focal point. Over 1,000 art pieces are displayed while musicians perform live. Lake Oswego hosts a farmers market on Saturdays from May through October in Millennium Plaza Park.

Lauren Melton
Written By
Lauren Melton
Elizabeth James
Photography Contributed By
Elizabeth James
Luke Basinger
Video By
Luke Basinger

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Portland International

34 min drive

Bus

Boones Ferry Rd & SW Madrona

Bus

Kruse Way & Kruse Woods

Bus

Kruse Way & Kruse Oaks

Bus

Boones Ferry Rd & Jean

Bus

Boones Ferry Rd & West Sunset Dr

Bus

Boones Ferry Rd & Pilkington

Bus

Boones Ferry Rd & Washington Ct

Reviews

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Lake Forest Demographics and Home Trends

Housing Trends

Median List Price
$800,000
Median Sale Price
$770,000
Median Single Family Sale Price
$775,000
Median 2 Bedroom Sale Price
$625,000
Median Change From 1st List Price
3%
Last 12 months Home Sales
40
Median Home Sale Price YoY Change
2%
Average Price Per Sq Ft
$468

Neighborhood Facts

Number of Homes
1,088
Number of Homes for Sale
19
Median Year Built
1971
Months of Supply
5.70
Average Single Family Home Size Sq Ft
1,993
On par with the national average
1,929
Average 2 Bedroom Size Sq Ft
930
Average 1 Bedroom Size Sq Ft
824
Median Lot Size Sq Ft
10,018

Open Houses

  • Saturday, Nov 1
    11:30am - 1:30pm

    6244 Frost Ln, Lake Oswego, OR 97035

    $849,900

    • 4 Beds
    • 3.5 Baths
    • 2,304 Sq Ft
    • 6244 Frost Ln
    • New 30 days ago

    6244 Frost Lane. "Large, bright, and functional" describes homes of this era and this home perfectly. Located in the Lake Grove neighborhood of Lake Oswego, in a little nook known as Summer Woods, this upgraded traditional sits on a nice sized lot that includes a covered front porch, two decks, and an attached 2 car garage. The best floor plan, fresh modern improvements, and loads of natural

    Sonya Sperring Windermere Heritage

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  • Sunday, Nov 2
    11am - 1pm

    5966 Frost Ln, Lake Oswego, OR 97035

    $739,900

    • 4 Beds
    • 2.5 Baths
    • 2,036 Sq Ft
    • 5966 Frost Ln

    Tucked at the end of a quiet cul-de-sac, this beautifully updated home offers a peaceful setting surrounded by trees and backing to a lush green space. The fantastic outdoor area features a paver patio, raised garden beds, a wood-burning fire pit, and a soothing water feature—perfect for relaxing or entertaining. Inside, you'll find two living areas and a spacious great room layout. All four

    Heather Robbins Robbins Realty Group

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  • Sunday, Nov 2
    1 - 3pm

    5057 W Sunset Dr, Lake Oswego, OR 97035

    $598,000

    • 2 Beds
    • 2.5 Baths
    • 1,720 Sq Ft
    • 5057 W Sunset Dr

    Open House, 11/2, Sunday from 1pm-3pm! This Beautifully maintained, this upscale townhome is a perfect place to call home. Functional and open concept design for entertaining family and friends with gourmet kitchen to bring out the chef in you. Comfortable and private two ensuites are tucked away for everyday quiet space. There are ample storage spaces including oversize 2 car tandem garage with

    Sohee Anderson Where, Inc

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
3,293
Median Age
44
Population Density
5 ppl/acre
Population under 18
22.6%
On par with the national average
23.8%
Population over 65
20.8%
On par with the national average
19.1%

Finances

Median Household Income
$140,297
Significantly above the national average
$71,702
Average Household Income
$171,374

Education and Workforce

High School Graduates
97.9%
College Graduates
72.6%
Significantly above the national average
34.1%
Advanced Degrees
27.8%
Above the national average
13.3%
% Population in Labor Force
72.3%

Weather

Annual Precipitation
41''
Average Winter Low Temperature
34°F
Average Summer High Temperature
82°F
Annual Snowfall
5''

Area Factors

Bikeable

Bike Score®

67 / 100

Car-Dependent

Walk Score®

35 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Nearby Neighborhoods

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Lake Forest