What is the Best Neighborhoods USA ranking for Old Town?
Old Town is ranked #27 of 27 eligible neighborhoods in Lake Oswego; #217 of 254 eligible neighborhoods in OR; and #11,337 of 14,967 eligible neighborhoods in the United States.
Neighborhood Profile
Old Town
Lake Oswego, OR | Clackamas County
Scored premium profile
Best Neighborhoods USA Index
38.9
Stability and Strength
51.6
Value Opportunity
39.3
Momentum
17.9
Score note: Rankings show denominators so users always see the size of the eligible cohort.
| Context | Value |
|---|---|
| Location | Lake Oswego, OR |
| County | Clackamas County |
| National rank | #11,337 of 14,967 |
| State rank | #217 of 254 |
| City rank | #27 of 27 |
| County rank | #50 of 51 |
| National percentile | 24.3 |
| National band | LOWER_25_PERCENT |
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Housing and local fundamentals
| Housing and market metrics | Value |
|---|---|
| Current Zillow home value | $1,094,961 |
| Year-over-year home value change | -4.7% |
| Month-over-month home value change | -0.03% |
| Home value to income ratio | 16.31 |
| Median household income | $67,130 |
| Bachelor's degree or higher | 72.8% |
| Civilian unemployment rate | 2.1% |
| Homeownership rate | 29.0% |
| Housing vacancy rate | 10.1% |
| Rent burden 30% or higher | 60.9% |
How to read this profile
- Ranks are always shown with denominators.
- Momentum reflects both year-over-year and month-over-month housing change.
- Stability and Strength and Value Opportunity are governed composite scores.
- Identity composition is descriptive intelligence and is not a scoring component.
Questions and Answers
Questions About Living in Old Town
Is Old Town one of the best neighborhoods in Lake Oswego?
Old Town has a Best Neighborhoods USA Index of 38.9 and a city ranking of #27 of 27 eligible neighborhoods in Lake Oswego.
How much are homes worth in Old Town?
The current Zillow Home Value Index for Old Town is approximately $1,094,961.
Are home values rising or falling in Old Town?
Zillow neighborhood values changed -4.7% year over year and -0.03% month over month.
What is the Neighborhood Momentum Score for Old Town?
Old Town has a Neighborhood Momentum Score of 17.9. Momentum is 70% year-over-year and 30% month-over-month Zillow housing change.
What is the median household income in Old Town?
The NDS-derived neighborhood median household income is approximately $67,130.
How affordable is Old Town relative to household income?
The current Zillow home-value-to-household-income ratio is 16.31. Price-to-income affordability is a major Value Opportunity input.
Is Old Town primarily homeowners or renters?
The NDS-derived homeownership rate is approximately 29.0%.
What is the unemployment rate in Old Town?
The NDS-derived civilian unemployment rate is approximately 2.1%.
How educated are residents of Old Town?
Approximately 72.8% of residents age 25 and older are estimated to have a bachelor's degree or higher.
What share of renters in Old Town face high rent burden?
Approximately 60.9% of the applicable renter-household universe is estimated to spend 30% or more of household income on gross rent.
How does Best Neighborhoods USA score Old Town?
The overall index combines 40% Stability and Strength, 35% Value Opportunity, and 25% Momentum. Race, ethnicity, and identity composition are not scoring components.
Governed ranking context
How this neighborhood ranks
HMDA Mortgage Intelligence
Neighborhood Mortgage Market
Modeled neighborhood-level mortgage activity allocated from governed HMDA tract data using Zillow neighborhood geometry. These neighborhood values are nonadditive and do not enter the Best Neighborhoods USA Index.
Activity year2024
Estimated applications6
Estimated originations4
Home-purchase applications3
Origination rate57.9%
Home-purchase share44.7%
Average application loan$816,639
Total application loan amount$5,064,762
National application rank#13,414 of 14,874 rankable neighborhoods
Geometry coverage100.0%
Recent trend: Applications -0.7% YoY; originations -1.4% YoY
Mortgage methodology
HMDA is natively reported at tract and other lender-reporting geographies, not Zillow neighborhood or ZIP geography. This module uses the certified NDS HMDA-to-Zillow tract-vintage crosswalk and area-weighted allocation. Rankings require governed geometry coverage. Applicant demographics are excluded. Neighborhood values may overlap and must not be summed to reconstruct ZIP or national totals.