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Real Estate Prices & Overview

Lakewood median real estate price is $1,459,099, which is more expensive than 97.0% of the neighborhoods in Oregon and 94.2% of the neighborhoods in the U.S.

The average rental price in Lakewood is currently $3,236, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 95.1% of the neighborhoods in Oregon.

Lakewood is a suburban neighborhood (based on population density) located in Lake Oswego, Oregon.

Lakewood real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Lakewood neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 6.4% in Lakewood. NeighborhoodScout analysis shows that this rate is lower than 57.3% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

People

If you are planning to retire in Oregon, this neighborhood should be on your must-see list. For many reasons, Lakewood may be considered a retiree's dream neighborhood. According to NeighborhoodScout's exclusive analysis and metrics, it's peaceful and quiet, has above average safety from crime compared to other neighborhoods in Oregon, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 98.4% of neighborhoods in OR. If a Oregon retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for urban sophisticates and highly educated executives.

In addition, do you like to read, write, and learn? Are you curious about the world? If so, this neighborhood may be a good fit for you. NeighborhoodScout's research revealed that a full 80.4% of the adults living in the Lakewood neighborhood have earned at least a bachelor's degree. This is a higher rate than NeighborhoodScout found in 97.9% of U.S. neighborhoods. In this way, this neighborhood truly stands out.

Occupations

The Lakewood neighborhood has a higher proportion of its residents employed as executives, managers and professionals than 95.7% of the neighborhoods in America. In fact, 70.5% of the employed people here make a living as an executive, a manager, or other professional. With such a high concentration, this truly shapes the character of this neighborhood, and to a large degree defines what this neighborhood is about.

Modes of Transportation

A unique way of commuting is simply not to. And in the Lakewood neighborhood, analysis shows that 27.7% of the residents work from home, avoiding a commute altogether. This may not seem like a large number, but it is a higher proportion of people working from home than is found in 95.4% of the neighborhoods in the United States. One thing NeighborhoodScout's research reveals is that the wealthier and/or more isolated the neighborhood, the greater the proportion of residents who choose to work from home.

Diversity

Did you know that the Lakewood neighborhood has more Ukrainian and Scottish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 4.3% of this neighborhood's residents have Ukrainian ancestry and 6.9% have Scottish ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Lakewood neighborhood in Lake Oswego are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 70.5% of the neighborhoods in America. In addition, 2.1% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 74.7% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Lakewood neighborhood, 70.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 15.5% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (10.2%), and 3.8% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Lakewood neighborhood is English, spoken by 94.9% of households. Some people also speak Polish (5.2%).

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Lakewood neighborhood in Lake Oswego, OR, residents most commonly identify their ethnicity or ancestry as German (22.7%). There are also a number of people of English ancestry (18.4%), and residents who report Irish roots (10.8%), and some of the residents are also of French ancestry (7.2%), along with some Scottish ancestry residents (6.9%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Lakewood neighborhood spend between 15 and 30 minutes commuting one-way to work (40.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (66.1%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (5.5%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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