$691,558Average Value$399Average Price per Sq Ft3Homes For Sale
Waluga becomes more walkable, following nearby neighborhoods
Waluga is in one of the wealthiest suburbs of Portland—Lake Oswego—but its residents are bringing more of the walkability of the big city to the neighborhood. Waluga enjoys access to the Country Club Loop, one of Lake Oswego’s “Pathway Trails,” designed to connect schools, parks and shopping centers throughout the suburb, as well as the newly redesigned, pedestrian-friendly Boones Ferry Road. As the new, pedestrian-minded initiatives from nearby neighborhoods reverberate through Waluga, home developers are taking note. “As Lake Grove developed and came up with this whole new traffic pattern, we are going to see more of these [Waluga] homes remodeled and refurbished, similar to what happened in Downtown Lake Oswego,” says Eva Sanders, a principal broker with John L. Scott Real Estate. Besides its walkable shopping and dining scene, the community enjoys a stellar school system and remodeled, modern homes.
An elevated look at the homes and the valley in Waluga, Lake Oswego.
Taking the day head-on with a jog in the Waluga neighborhood is a common site.
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Modern, million-dollar homes replace older builds
The older homes in Waluga are comprised mainly of ranch-style builds with three bedrooms constructed between the 1960s and 1970s, ranging in price from $450,000 to $630,000. However, many of these older builds are being replaced by one-level homes on quarter- to half-acre lots that can cost around $1 million. “There are a lot of old [homes] built in the 1940s and 1950s that just don’t meet the market, so they will get purchased, […] get torn down and up will pop a $2 million house,” Sanders says.
The median household income in the neighborhood is $98,253, which is significantly higher than the $70,967 national average household income. On the other hand, buyers can expect to pay between $290,000 and $330,000 for two-bedroom units in the Forest Condominium complex.
This modern two-level home sits among the trees in Lake Oswego.
The Waluga neighborhood also houses larger homes.
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Upscale dining at Lake Grove Plaza
Boones Ferry Road runs through the middle of the popular Lake Grove, home to neighborhood favorites like Babica Hen Café and Gubanc’s Restaurant. Locals come to Babica Hen Café, a rustic breakfast spot, for homemade waffles, waffle sandwiches and eggs Benedict. In fact, the restaurant’s batters, sauces, biscuits and buns are prepared from scratch in house. Next door, Gubanc’s—from the same owners—offers an upscale environment with a low-lit, wood-accented interior. However, Gubanc’s patio is equipped with both heaters and fans to make for a pleasant outdoor dining experience, regardless of the temperature. Diners begin their evening with a daily selection of soup, also made from scratch, before indulging in seasonal entrees like French onion lamb shank or braised short rib stroganoff. There’s an Albertsons at the south end of Waluga, but locals often venture to Zupan’s Market, an upscale grocer with local, organic produce and freshly made salads, proteins and other dishes.
Retail and local shopping in the Lake Oswego area has something for everyone.
There is plenty of retail and shopping options when visiting or living in Waluga, Oregon.
There are plenty of great cafés all over the Waluga neighborhood.
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The Wine Walk in Waluga
The Lake Grove Plaza hosted its first Oregon Wine Walk, featuring wines from across the region paired with small bites from restaurants along Boones Ferry Road. Tickets included tasting glasses, a carrying tote and 12 one-ounce pours on Mother’s Day weekend of 2024. “They are definitely going to be building [Lake Grove’s] own identity in terms of having activities,” Sanders says. “That wine walk was a first, and they anticipate doing more of that.”
High scores at Lake Oswego High School
The school system of Lake Oswego is one of its biggest pull factors for families. Children in Waluga attend Lake Grove Elementary School before moving on to Lake Oswego Junior High School, both of which earn an A from Niche. Students at Lake Oswego High School scored more than 100 points higher on the English, reading and writing section of the SAT than the national average during the 2022-2023 school year. Similarly, they scored more than 120 points higher on average than the national average on the math section during the same year, securing an A-plus grade for the school. Other than the core subjects, students can choose from unique courses like oceanography, AP Chinese, introduction to AI, videogame narratives and advanced constitutional law.
Lake Grove Elementary School Serving the Lake Grove Neighborhood in Lake Oswego, OR.
The Front Entrance of Lake Oswego Junior High in Lake Oswego Oregon.
Lake Oswego Senior High School is a Top Public High School Serving the Lake Grove Neighborhood in Lake Oswego OR.
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East and West Waluga Parks
Between East Waluga Park and West Waluga Park, residents have plenty of nearby green space to enjoy. The granite “Time and Space” sculpture at the entrance of East Waluga Park invites reflection, as do the park’s hiking trails, surrounded by towering Douglas Firs and overhanging branches wrapped in green moss. For more active recreation, the park also features Quarry Bike Skills Park, with wooden ramps and dirt paths for more advanced riders, as well as two lighted turf baseball fields. About half a mile away, children escape reality on a ship-shaped playground, guarded by two asphalt alligators “floating” in the mulch in West Waluga Park. For adults, playful green and blue fitness equipment, including an elliptical machine, invite a fresh-air workout.
The Sign at the Entrance to East Walluga Park in Lake Oswego, OR.
The parks in Waluga are numerous and beautiful.
Walluga Park East is a Public Park in Walluga Neighborhood, Lake Oswego, OR.
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Boones Ferry Road leads to popular restaurants
Boones Ferry Road runs alongside Waluga's eastern border and through the entire Lake Oswego area. The Lake Grove Plaza shopping area is situated around the thoroughfare, as are a number of other popular area restaurants, like Babica’s Hen Café, Gubanc’s and La Provence Boulangerie and Patisserie. Kruse Way starts from Boones Ferry Road and runs all the way to Interstate 5. Using I-5, commuters can reach Downtown Portland in about 15 minutes.
Kruse Way is a wonderful way to get around that Waluga neighborhood.
The Oswego Grill is located in the Waluga neighborhood in Lake Oswego, Oregon.
Zupan market it's a great place for all your shopping needs in the Waluga neighborhood.
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
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Waluga Demographics and Home Trends
On average, homes in Waluga, Lake Oswego sell after 59 days on the market compared to the national average of 53 days. The median sale price for homes in Waluga, Lake Oswego over the last 12 months is $811,250, up 1% from the median home sale price over the previous 12 months.
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