Home Insurance in Lake Oswego, Oregon
Homes in Lake Oswego carry a median value of $932,200 - 53% higher than the Clackamas County median.
The typical home in Lake Oswego was built around 1982. About 13% of homes were built before 1960, about 3 points below Clackamas County's 16%. Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
In Lake Oswego, the housing stock is 69% single-family homes and 24% apartments in buildings with 5+ units.
65% of owner-occupied homes in Lake Oswego carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
The vacancy rate is 7%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 69% of occupied homes in Lake Oswego are owner-occupied.
57% of homes in Lake Oswego are primarily heated with natural gas.
What's the biggest home insurance risk near Lake Oswego? FEMA's National Risk Index points to earthquake (Relatively High) in Clackamas County and Clackamas County had 1,448 active NFIP flood policies as of September 2026. See the full Clackamas County home insurance overview for all FEMA hazard ratings and flood coverage details. Earthquake damage is excluded from a standard homeowners policy.
The statewide average premium for a standard HO-3 homeowners policy in Oregon is $1,003 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $932,200 |
|---|---|
| Median year built | 1982 |
| Owner-occupied share | 69% |
| Share of owner-occupied homes with a mortgage | 65% |
| Top county hazard | Earthquake (Relatively High) |
| Active NFIP policies in Clackamas County | 1,448 |
| Home insurance premium | $1,003 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)