97034 — Lake Oswego, OR Home Values
Typical home value $1,152,329 as of June 2026 · 1st of 120 in Portland-Vancouver-Hillsboro, OR-WA
Blue: typical home value (Zillow ZHVI) in ZIP code 97034, June 2021 to June 2026. This page shows observed data only; no forecast.
How 97034 compares in the Portland-Vancouver-Hillsboro, OR-WA area
ZIP code 97034 (Lake Oswego, OR) has a typical home value of $1,152,329 as of June 2026, ranking 1st of 120 ZIP codes tracked in the Portland-Vancouver-Hillsboro, OR-WA area, the most expensive ZIP code in the metro. Prices here have moved +1.0% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +19.9%, from $961,006 in June 2021 to $1,152,329 in June 2026. Against observed rent, the typical home here sells for 33.5× the annual rent ($2,866/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Portland-Vancouver-Hillsboro, OR-WA forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Portland.
Population and demographics
ZIP code 97034 has a population of 21,119, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 81.6% White, 7.1% two or more races, 5.8% Asian, 4.6% Hispanic or Latino, 0.6% another race, 0.2% Black or African American, and 0.1% Native Hawaiian or Pacific Islander.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Palisades World Language School | 1500 Greentree Rd, Lake Oswego, OR | 0.6 mi |
| Lakeridge High School | 1235 SW Overlook Dr, Lake Oswego, OR | 0.9 mi |
| Hallinan Elementary School | 16800 Hawthorne Dr, Lake Oswego, OR | 1.1 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 97034?
$1,152,329 as of June 2026, the latest month Zillow has published observed data for.
Is 97034 an expensive ZIP code in the Portland-Vancouver-Hillsboro, OR-WA area?
97034 ranks 1st of 120 ZIP codes in the Portland-Vancouver-Hillsboro, OR-WA area by typical home value, the most expensive ZIP code in the metro.
How much have home values in 97034 changed over the past year?
+1.0% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 97034?
The typical home price is 33.5× the observed annual rent in this ZIP code ($2,866/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 97034?
21,119, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 97034?
Palisades World Language School (0.6 mi), Lakeridge High School (0.9 mi), Hallinan Elementary School (1.1 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 97034?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Portland-Vancouver-Hillsboro, OR-WA forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.