97034 ZIP Code Demographics & Rankings

ZIP Code Type: STANDARD
County: Clackamas County
Centroid: Latitude 45.41, Longitude -122.689
Time Zone: Pacific Time Zone (UTC -8 hours)
Observes DST: Yes

ZIP Code 97034 has segments in 2 Counties (Clackamas, Multnomah).

Businesses Addresses: 733
PO Box Addresses: 405
Residential Addresses: 8,861

Multi-Family Addresses: 1,067
Single Family Addresses: 7,794

The ZIP Code maps and database are updated 4 times per year.
Database updated: January 1, 2021, Maps updated: January 29, 2021.

Lake Oswego, OR 97034 Data & Demographics (As of July 1, 2020)

POPULATION
Total Population	20,311 (100%)
Population in Households	20,218 (99.5%)
Population in Families	16,768 (82.6%)
Population in Group Quarters¹	93 ( 0.5%)
Population Density	2,655
Diversity Index²	25


INCOME
Median Household Income	$151,976
Average Household Income	$200,220
% of Income for Mortgage⁴	20%
Per Capita Income	$83,859
Wealth Index⁵	318

HOUSING
Total HU (Housing Units)	9,124 (100%)
Owner Occupied HU	6,501 (71.3%)
Renter Occupied HU	2,005 (22.0%)
Vacant Housing Units	618 ( 6.8%)
Median Home Value	$707,515
Average Home Value	$832,353
Housing Affordability Index³	122

HOUSEHOLDS
Total Households	8,506
Average Household Size	2.38
Family Households	5,811
Average Family Size	3

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

Lake Oswego, OR 97034 - Peer Comparisons by Rank and Percentile

The table below compares 97034 to the other 422 ZIP Codes in Oregon by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

GROWTH RATE / YEAR	2010-2020	2020-2025
Population	0.73%	0.85%
Households	0.79%	0.9%
Families	0.6%	0.78%
Median Household Income		1.33%
Per Capita Income		1.97%
Owner Occupied HU		0.86%

Variable Description	Rank	Percentile
Total Population	# 84	80th
Population Density	# 50	88th
Median Household Income	# 1	100th
Housing Affordability Index	# 259	61st
Per Capita Income	# 2	100th
Diversity Index	# 293	31st

Lake Oswego, OR 97034 ZIP Code Profile

ZIP Code 97034: Basic Data & USPS Preferred City Name

Lake Oswego, OR 97034 Data & Demographics (As of July 1, 2020)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Lake Oswego, OR 97034 - Peer Comparisons by Rank and Percentile

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