ZIP 97035
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12-month history
Last updated: October 17, 2026
What the numbers show
January. Asking rents in ZIP 97035 usually run 1.5% below trend in January and 1.6% above it in August, about $65 a month apart at today's median. Based on 8 years of data.
Rent in ZIP 97035 is 0.5% below its high of $2,108 in April 2025, at $2,098 as of September 2026.
Rent in ZIP 97035 changed +1.6% over the year to September 2026. Across the 106 Oregon ZIP codes Zillow tracks, the typical change was +1.6%.
From 2019 to 2024, rent in ZIP 97035 rose 29.9% while median household income rose 32.5% ($98,557 to $130,603). Income kept ahead of rent.
Rent in ZIP 97035 is 33.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 8 of the last 12 months.
30% of the median household income ($130,603) is $3,265 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,110); a 4-bedroom is $3,690.
ZIP 97219, 3 miles away, rents for 11% less ($1,857/mo), about $2,900 a year in savings.
From Zillow's monthly rent index (ZORI) for ZIP 97035. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
Who lives here
ZIP 97035 (Lake Oswego, OR) is majority owner-occupied, has a large retiree population, has a median income above the national average, 73% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How ZIP 97035 in Lake Oswego, OR has changed in 5 years
Compared with 2021, rent in ZIP 97035 in Lake Oswego, OR has climbed by $356 per month, settling near $2,098 after starting the period at $1,742. Median household income grew from $106,563 to $130,603 between 2021 and 2024, a 22.6% shift. Headcount in the area went from 26,593 to 25,911 between 2021 and 2024, a 2.6% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 68.6% to 73%. Taken together, the five-year picture in ZIP 97035 in Lake Oswego, OR reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.
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Tips for renters in ZIP 97035
Last updated: October 17, 2026
ZIP code 97035 covers Lake Oswego, OR. The median rent here is $2,098/mo as of October 2026. A 1-bedroom rents for a median of $1,990/mo. A 2-bedroom rents for a median of $2,280/mo.
At 19% of local median household income ($130,603/yr), ZIP 97035 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.6% over the past year.
Frequently asked questions
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How does ZIP 97035 compare to other ZIPs in Oregon?
How does ZIP 97035 compare to the rest of Lake Oswego?
At $2,098/mo, rent takes ~19% of ZIP 97035's median household income ($130,603/yr). The standard benchmark is 30%.
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