Why Live in Lake Road
Lake Road, a neighborhood in Milwaukie, Oregon, is less than 10 miles from downtown Portland and offers suburban convenience with a small-town feel. The community of over 3,500 residents stays connected through a neighborhood association, fostering a tight-knit atmosphere. The area features condo buildings in wooded settings, traditional architecture, and ranch-style homes, with well-maintained yards and ornate shrubbery. The southern border, marked by Mount Scott and Kellogg Creek, provides some homes with a tranquil, nature-adjacent setting. The North Clackamas School District serves the neighborhood, with schools within a 2-mile radius. Though the schools have mixed ratings, the area is known for its diversity.
Lake Road boasts several green spaces, including Minthorn North Natural Area for birdwatching and Century Park for sports and playground activities. By 2024, Bowman-Brae Park will add picnic tables and a playground near Kellogg Creek. The 3-Creeks Natural Area, less than 2 miles northeast, offers nearly 90 miles of wetland habitats for exploration. The neighborhood includes both organic food stores and national chains, with Bob’s Red Mill providing bulk foods and a restaurant, and Milwaukie Marketplace featuring retailers like Rite Aid and Safeway. Dining options include Jo’s Saloon & Eatery and Shari’s Café and Pies.
Residents can participate in neighborhood events or enjoy activities in nearby areas, such as the Umbrella Parade and Teen Game Night at Ledding Library. Commuting is convenient with the MAX light rail connecting Lake Road to Portland, and the Milwaukie Expressway providing access to Highway 99E. Portland International Airport is about 15 miles north, ensuring easy travel options.
Home Trends in Lake Road, OR
On average, homes in Lake Road, Milwaukie sell after 45 days on the market compared to the national average of 52 days. The median sale price for homes in Lake Road, Milwaukie over the last 12 months is $546,250, up 4% from the median home sale price over the previous 12 months.
Median Sale Price
$546,250
Median Single Family Sale Price
$575,000
Median 2 Bedroom Sale Price
$237,500
Median 1 Bedroom Sale Price
$215,000
Average Price Per Sq Ft
$321
Number of Homes for Sale
9
Last 12 months Home Sales
49
Median List Price
$562,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
4%
