Lake Oswego, OR · standard
ZIP Code 97034
Clackamas County, Oregon - Census ACS demographics, housing tenure, and business patterns, benchmarked against every US ZIP.
- 18,905
- 993/sq mi High-density area
- $149,236
- Median income Above-median income area
- $1,047,500
- Median home value Above-median home value
- 74.2%
- Bachelor's or higher Above-average bachelor's attainment
National ZIP placement
Lake Oswego pairs a top-decile household income with top-decile home values, in a low-density, homeowner-dominated area.
- Top 4%
- household income, US ZIPs
- Top 2%
- home value, US ZIPs
- 993
- people per sq mi
- 74%
- owner-occupied homes
Source: U.S. Census Bureau ACS 5-Year Estimates (2019–2023). Percentiles rank ZIP 97034 against every reporting US ZIP.
ZIP code 97034 is a mid-sized community (a standard USPS delivery area) in Lake Oswego, Clackamas County, Oregon, home to 18,905 residents across 19.0 square miles, a density of 993 people per square mile, in the Los Angeles time zone.
ZIP 97034 skews affluent, with a median household income of $149,236 (92% above the average Oregon ZIP), while per-capita income is $101,884. The poverty rate is 3.1%, with unemployment at 5.6%; those measures add context to the income figure. Housing is both higher-cost and owner-heavy: median home value is $1,047,500 (142% above the average Oregon ZIP), while 74.0% of occupied homes are owner-occupied and median rent is $2,241.
This is a highly-educated ZIP: 74.2% of adults hold a bachelor's degree or higher, the median age is 48.6, and the average commute is 23 minutes. The page also surfaces 10 ZIP codes within roughly 10 miles and 6 more in Clackamas County, so 97034 can be compared with both its immediate and county-level context.
Every figure on this page is sourced from the U.S. Census Bureau American Community Survey 5-Year Estimates (including median rent) and the FHFA House Price Index, no estimates, no proprietary scoring. Verify with Census →
Top industries in ZIP 97034
Top 5 sectors by establishment count in Lake Oswego, OR
Which industries have the most business establishments in ZIP 97034.
- Professional, scientific, and technical services
Professional, scientific, and technical services
179 establishments
- Health care and social assistance
Health care and social assistance
88 establishments
- Finance and insurance 70
Finance and insurance
70 establishments
- Real estate and rental and leasing 65
Real estate and rental and leasing
65 establishments
- Other services (except public administration) 55
Other services (except public administration)
55 establishments
What this shows Establishment counts come from the Census ZIP Code Business Patterns program, which counts physical business locations rather than employees or revenue.
Source: U.S. Census Bureau, American Community Survey 5-Year Estimates + ZIP Code Business Patterns + FHFA HPI ACS demographics and median rent, ZBP business establishments, FHFA HPI for ZIP 97034, Lake Oswego, OR · 2023 Census ACS 5-Year Estimates use a rolling 60-month sample for stable small-geography estimates; ZBP updated annually; FHFA HPI updated quarterly/annually.
Quick Facts
18,905
Population
19.0
Area (sq mi)
993
People / sq mi
Los Angeles
Time Zone
standard
ZIP Type
Who lives in ZIP 97034?
48.6
Median Age
51.6%
Male
48.4%
Female
8.5%
Foreign-Born
Hispanic or Latino is an ethnicity category from the Census Bureau and may overlap with other categories above.
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How much do residents earn?
$149,236
Median Household Income
+92% vs state ZIP avg
$101,884
Per Capita Income
3.1%
Poverty Rate
5.6%
Unemployment Rate
22.8 min
Mean Commute Time
How ZIP 97034 ranks among Oregon ZIPs
Lake Oswego, OR household income vs. every Oregon ZIP code
Median household income among 378 reporting Oregon ZIPs (this ZIP's population is too small for a reliable national-corpus placement)
$149,236 Top 2% higher than 98% of 378 Oregon ZIPs
Each bar is a $20K-wide band; taller bars hold more Oregon ZIPs. The dashed line + filled bar mark this entry. Hover or tap any bar for its full count, share, and where it sits relative to this entry.
Source U.S. Census Bureau, ACS 5-Year Estimates · 2019–2023
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What is the education profile here?
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
What does housing look like?
Housing stock: occupied vs vacant
9,183housing units
9,183
Total Housing Units
8,634
Occupied Units
549
Vacant Units
2.46
Avg Household Size
Occupancy Type
$1,047,500
Median Home Value
+142% vs state ZIP avg
$2,241
Median Rent
1977
Median Year Built
Source: U.S. Census Bureau, ACS 5-Year Estimates (2023)
How have home values changed over time?
FHFA House Price Index, annual appreciation data based on repeat sales and appraisals
+1.0%
YoY Change (2024)
314
HPI Index (2000 = 100)
+214%
Total Change Since 2000
Home values in ZIP 97034 have increased 1.0% over the past year (2024). Since 2000, this ZIP has seen +214% cumulative appreciation.
| Year | Annual Change | HPI Index |
|---|---|---|
| 2020 | +2.7% | 229 |
| 2021 | +10.4% | 252 |
| 2022 | +14.2% | 288 |
| 2023 | +8.0% | 311 |
| 2024 | +1.0% | 314 |
Source: Federal Housing Finance Agency (FHFA) House Price Index, All-Transactions, Five-Digit ZIP Codes (Developmental Index). Index base = 100 in year 2000. Data through 2024. ZIP codes with few transactions may show missing values.
What businesses operate in this ZIP?
Census Bureau data shows 742 business establishments in ZIP 97034, employing approximately 5,041 people with a combined annual payroll of $288,296,000.
742
Businesses
5,041
Employees
$288.3M
Annual Payroll
16
Industry Sectors
| Industry | Establishments | % of Total |
|---|---|---|
| Professional, scientific, and technical services | 179 | 24.1% |
| Health care and social assistance | 88 | 11.9% |
| Finance and insurance | 70 | 9.4% |
| Real estate and rental and leasing | 65 | 8.8% |
| Other services (except public administration) | 55 | 7.4% |
| Retail trade | 48 | 6.5% |
| Accommodation and food services | 44 | 5.9% |
| Construction | 41 | 5.5% |
| Administrative and support and waste management and remediation services | 33 | 4.5% |
| Wholesale trade | 30 | 4.0% |
| Arts, entertainment, and recreation | 24 | 3.2% |
| Information | 20 | 2.7% |
| Educational services | 19 | 2.6% |
| Manufacturing | 16 | 2.2% |
| Management of companies and enterprises | 4 | 0.5% |
| Transportation and warehousing | 3 | 0.4% |
Source: U.S. Census Bureau, ZIP Code Business Patterns (ZBP), 2023. Employment figures may include noise for disclosure avoidance.
Nearby ZIP Codes
Want a side-by-side? Compare 97034 vs 97035 →
ZIP 97034 vs its nearest neighbors, by population
Resident population of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 97202
Portland (97202)
38,762 residents
- 97219
Portland (97219)
38,709 residents
- 97222
Portland (97222)
34,979 residents
- 97224
Portland (97224)
31,122 residents
- 97267
Portland (97267)
30,839 residents
- 97068
West Linn (97068)
28,305 residents
- 97035
Lake Oswego (97035)
23,912 residents
- 97034
Lake Oswego (97034)
18,905 residents
- 97201 15,484
Portland (97201)
15,484 residents
What this shows Among its immediate neighbors, ZIP 97034 ranks #8 by population - useful context the national average alone can't give.
ZIP 97034 vs its nearest neighbors, by median income
Median household income of this ZIP and the closest reporting ZIP codes within ~10 miles.
- 97068
West Linn (97068)
$151,729 median income
- 97034
Lake Oswego (97034)
$149,236 median income
- 97035
Lake Oswego (97035)
$130,603 median income
- 97219
Portland (97219)
$121,306 median income
- 97239
Portland (97239)
$110,134 median income
- 97202
Portland (97202)
$104,971 median income
- 97224
Portland (97224)
$98,125 median income
- 97027
Gladstone (97027)
$94,375 median income
- 97267
Portland (97267)
$87,418 median income
What this shows By household income, ZIP 97034 ranks #2 of 9 neighboring ZIPs, local affluence varies block to block, not just metro to metro.
| ZIP Code | City | Population | Distance |
|---|---|---|---|
| 97035 | Lake Oswego, OR | 23,912 | 2.0 mi |
| 97219 | Portland, OR | 38,709 | 3.2 mi |
| 97267 | Portland, OR | 30,839 | 3.3 mi |
| 97068 | West Linn, OR | 28,305 | 3.9 mi |
| 97239 | Portland, OR | 14,150 | 5.5 mi |
| 97222 | Portland, OR | 34,979 | 3.9 mi |
| 97201 | Portland, OR | 15,484 | 6.8 mi |
| 97027 | Gladstone, OR | 12,131 | 4.7 mi |
| 97202 | Portland, OR | 38,762 | 5.4 mi |
| 97224 | Portland, OR | 31,122 | 5.4 mi |
Nationwide ZIPs with similar ACS profiles
Two Census-derived peer sets for ZIP 97034, both outside OR so the neighborhoods are not geographic containment (Nearby and same-county blocks stay local).
Similar population
Nearest cross-state ZIPs by resident population (18,905 here; floor ≥1,000).
Similar median household income
Nearest cross-state ZIPs by ACS median household income.
More ZIP Codes in Clackamas County
Related Areas
Frequently Asked Questions
What county is ZIP code 97034 in?
ZIP code 97034 (Lake Oswego) is located in Clackamas County, Oregon. Clackamas County contains multiple ZIP codes, see the full list at /counties/clackamas-or.
What is the population of ZIP code 97034?
ZIP code 97034 in Lake Oswego, OR has a population of 18,905 according to the Census Bureau ACS 2023 estimates.
What is the median household income in ZIP 97034?
The median household income in ZIP 97034 is $149,236, which is 96% above the national average of $76,288.
What is the average home value in ZIP 97034?
The median home value in ZIP 97034 is $1,047,500, which is 277% above the national average of $278,155.
What is the demographic makeup of ZIP 97034?
The largest racial group in ZIP 97034 is White at 79.7%. Hispanic or Latino residents make up 4.9% of the population.
How many businesses are in ZIP code 97034?
ZIP code 97034 has 742 business establishments employing approximately 5,041 people, according to Census Bureau ZIP Code Business Patterns (ZBP) 2023 data.
What are the main industries in ZIP code 97034?
The top industries by establishment count in ZIP 97034 are: Professional, scientific, and technical services (179), Health care and social assistance (88), Finance and insurance (70). There are 16 industry sectors represented in total.
How have home values changed in ZIP code 97034?
According to the FHFA House Price Index, home values in ZIP 97034 increased by 1.0% in 2024. Since 2000, home values in this ZIP have appreciated by approximately 214%. This is a developmental index based on repeat sales and appraisal data from Fannie Mae and Freddie Mac.
What is the education level in ZIP code 97034?
In ZIP code 97034, 79.9% of residents aged 25+ have a high school diploma or higher, and 74.2% hold a bachelor's degree or higher. These figures come from the Census Bureau ACS 5-Year Estimates (2023).
What is the average commute time in ZIP 97034?
The mean commute time for workers in ZIP code 97034 is 22.8 minutes according to Census ACS data. The national average is roughly 26 minutes, so commuters here spend less time traveling to work than typical.
What percentage of residents own vs. rent in ZIP 97034?
In ZIP code 97034, approximately 74.0% of occupied housing units are owner-occupied and 26.0% are renter-occupied, based on Census ACS 2023 data.
What is the poverty rate in ZIP code 97034?
The poverty rate in ZIP code 97034 is 3.1% according to Census Bureau ACS 2023 estimates. This measures the percentage of the population living below the federal poverty threshold.
Related
Take this with you
What to do with ZIP 97034's numbers, next.
- See how ZIP 97034 compares to a neighboring ZIP code on the same Census fields Compare this ZIP
- Check where Lake Oswego, OR ranks among every U.S. ZIP code on income, education, or homeownership View national rankings
- Save this ZIP to your shortlist to track alongside others you're considering View your shortlist
ZIP Code Tabulation Areas (ZCTAs) are Census Bureau approximations of USPS ZIP codes; figures describe the ZCTA area, not any single address within it.