RentDataNowRentDataNow
ZIP Code · OR

ZIP 97035

Pop. 25,911·Clackamas County·13th most expensive ZIP in Oregon
Median rent (all units)
$2,103/mo
Year-over-Year
+0.1%
Month-over-Month
+3.0%
vs US Median
+$138
Rising (Monthly)
Be the first to discuss 97035 rents ↓
Most AffordableMost Expensive
ZIP 97035 · $2,103
More expensive than 66% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,860
1 BR
$1,990
2 BR
$2,280
3 BR
$3,110
4 BR+
$3,690
Research median
$2,280/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$25,236/yr
At $2,103/mo median
Location
StateOR
CountyClackamas County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.1% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.1% YoY, +3.0% MoM), not inventory.
Demographics

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.

Population
25,911
Median income
$130,603
Median age
44.6
Renters
37%
Age distribution
21.6%
14.4%
29.5%
13.1%
21.4%
Under 1821.6%
18–3414.4%
35–5429.5%
55–6413.1%
65+21.4%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
72.9%
13.4%
White72.9%
Black0.8%
Hispanic6.6%
Asian13.4%
Other6.3%
Education (25+)
19.7%
73%
No HS diploma1%
HS diploma6.4%
Some college19.7%
Bachelor's+73%
Housing tenure
63%
37%
Owner63%
Renter37%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 97035 in Lake Oswego, OR has changed in 5 years

Rent
$1,662 → $2,103
up 26.5%
Income
$106,563 → $130,603
up 22.6%
Population
26,593 → 25,911
down 2.6%
Renter share
36.2% → 37%
+0.8 pts
Bachelor's+
68.6% → 73%
+4.4 pts
Median age
41.5 → 44.6
+3.1 yrs

Compared with 2021, rent in ZIP 97035 in Lake Oswego, OR has climbed by $441 per month, settling near $2,103 after starting the period at $1,662. Median household income grew from $106,563 to $130,603 between 2021 and 2024, a 22.6% shift. Rent outpaced income growth by roughly 3.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. 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.

Community

Discussions about ZIP 97035

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 97035

About renting in ZIP 97035

Last updated: July 20, 2026

ZIP code 97035 covers Lake Oswego, OR. The median rent here is $2,103/mo as of July 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 0.1% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97035?

As of July 20, 2026, the median monthly rent in ZIP 97035 (Lake Oswego, OR) is $2,103. This is based on aggregated data from public sources and community submissions.

How does ZIP 97035 rent compare to the US average?

ZIP 97035's median rent of $2,103/mo is $138 (7%) above the US national median of $1,965/mo.

How does ZIP 97035 compare to other ZIPs in Oregon?

ZIP 97035 is one of the pricier ZIP codes in Oregon, ranking #13 out of 116 ZIPs tracked at $2,103/mo.

How much income do you need to rent in ZIP 97035?

To keep rent at or below 30% of gross income, you would need to earn at least $84,000/year (~$40/hour full-time) to afford the median rent of $2,103/mo in ZIP 97035. The local median household income is $130,603/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97035?

Rent in ZIP 97035 has been relatively stable over the past year, with a 0.1% change year over year as of July 20, 2026.

Is ZIP 97035 an affordable place to rent?

ZIP 97035 is considered very affordable for renters. At $2,103/mo, rent takes approximately 19% of the local median household income ($130,603/yr). The standard benchmark is 30%. ZIP 97035 falls comfortably within that range.

What percentage of ZIP 97035 residents rent vs. own?

According to Census data, approximately 37% of ZIP 97035 households are renters, while 63% are owner-occupied. ZIP 97035 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97035 compare to the rest of Lake Oswego?

ZIP 97035 is more affordable than Lake Oswego overall. At $2,103/mo, it's $155 below the Lake Oswego citywide median of $2,258/mo.

When was rent data for ZIP 97035 last updated?

Rent data for ZIP 97035 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $2,103/mo, rent takes ~19% of ZIP 97035's median household income ($130,603/yr). The standard benchmark is 30%.

ZIP 97035 19%Benchmark 30%
State income tax4.75–9.9%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 97035 (Lake Oswego, OR)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.