Rent to own Homes in Lake Oswego, OR
With its vibrant arts scene, proximity to Portland, strong economy, and natural beauty, Lake Oswego is an easy choice for those looking for rent to own houses. Entertainment and recreation options exist for people of all ages. The Willamette Shore Trolley is popular with locals and tourists. The holiday season is a time for horse-drawn wagon rides, the institutional Christmas Ship parade, and concerts. The city even has a dog park, divided into two areas -- one for the shy dogs and the other for the more outgoing canines.
Lake Oswego, OR is a great place for affordable rent-to-own homes! With a median household income of over $114,444 and a median rent of $1,725, the Lake Oswego, OR rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Lake Oswego, OR. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Lake Oswego, OR Property Resources
Rent to own Homes in Cities Near Lake Oswego, OR
- Boring
- Cedar Hills
- Cedar Mill
- Clackamas
- Colton
- Donald
- Dundee
- Dunthorpe
- Durham
- Eagle Creek
- Fairview
- Felida
- Garden Home-Whitford
- Gladstone
- Gresham
- Happy Valley
- Hazel Dell
- Hillsboro
- Hubbard
- Jennings Lodge
- Johnson City
- King City
- Lake Oswego
- Maywood Park
- Metzger
- Milwaukie
- Molalla
- Mount Angel
- Mulino
- Newberg
- Oak Grove
- Oak Hills
- Oatfield
- Oregon City
- Portland
- Raleigh Hills
- Ridgefield
- Rivergrove
- Rockcreek
- Scappoose
- Sherwood
- Stafford
- St. Paul
- Tigard
- Troutdale
- Tualatin
- West Linn
- West Slope
- Wilsonville
- Woodburn
Neighborhoods in Lake Oswego, OR
Rosewood rent to own homes Mt. Park rent to own homes Oak Creek rent to own homes Westlake rent to own homes Holly Orchard rent to own homes Uplands rent to own homes Lake Forest rent to own homes Walluga rent to own homes Lake Grove rent to own homes Lakeview - Summit rent to own homesBuying a Home in Lake Oswego, OR
Lake Oswego, OR is seeing rapid growth and Lake Oswego, OR's' housing market remains not optimal with an average home price that is 203% above the 2024 national average. Lake Oswego, OR is part of Clackamas county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Clackamas is 0.85% which is below the national average, which is 0.99%.
Median Home Price in Lake Oswego, OR
Median Rent in Lake Oswego, OR
Top 5 Reasons to Live in Lake Oswego, OR
Scenic trails and pathways! The walking, jogging, inline skating, and cycling trails in the city promise health, picturesque views, and lungfuls of fresh air. These pathways also link neighborhoods with schools and other institutions. Lake Loop, which covers 7 miles and circles the 405 acre Oswego Lake, is the most favored pathway because of the scenic views that can be enjoyed from many vantage points. The Rosemont Trail, which passes through beautiful farms and orchards, is a 1.63-mile route that is part of an interconnected system of trails in the Stafford Basin.
Sporting activities for you! This is a sport and fitness loving city and you can choose from a number of sporting activities to stay fit. The Lake Oswego Public Golf Course and Practice Range is an 18-hole course that attracts newbies as well as seasoned golfers. The Lake Oswego Indoor Tennis Center lets you enjoy games at all times of the year; the center organizes tennis coaching programs for enthusiasts of all ages. The city has its own soccer and basketball leagues. Skating, swimming, fencing, and lacrosse are other activities that you can participate in.
Community spirit! Community events in Lake Oswego are an opportunity to mingle with the neighborhood folk and make friends. The farmers market at Millennium Plaza Park features fresh vegetables, fruits, cured meats, and seafood; and while you're there, you can also pick up a few great recipes. Locals have a choice of locations for holding public and private community meetings. Oswego Heritage House on 10th Street provides a charming setting for community gatherings.
Consistent property value appreciation! Homes for sale in Lake Oswego have one thing in common; they're netting their owners a profit. Property rates have appreciated over the past 5 years at 1.2%. In this area, Chandler Road and Country Club Road have houses for sale whose values have increased steadily over the past three years.
Choice of property types! You can choose from studio apartments, high-rise complexes, a two- or three-bedroom home, and single family homes. Downtown Lake Oswego, which extends along State Street, is easily accessible from all parts of the city. Here you can find specialty retailers such as Chico's at Lake View Village and even more shopping at the Oswego Village Shopping Center.