Happy Valley vs Lake Oswego

A side-by-side comparison of Happy Valley and Lake Oswego: population, income, housing, and more.

Happy Valley and Lake Oswego are places in Oregon. This page compares them across population, income, housing, education, commuting, and how each has changed since 2019.

Lake Oswego has the higher population (40,367 vs 25,572 in Happy Valley). Lake Oswego has the higher median household income ($140,441 vs $120,324 in Happy Valley). Lake Oswego has the higher median home value ($894,000 vs $671,800 in Happy Valley).

Population, income & housing

	Happy Valley	Lake Oswego
Population	25,572	40,367
Median age	39.7 yrs	46.5 yrs
Median household income	$120,324	$140,441
Median home value	$671,800	$894,000
Median gross rent	$2,025	$2,031
Housing units	9,076	17,838
Homeownership rate	82.0%	70.8%
Bachelor's degree or higher	46.4%	75.1%
Unemployment rate	3.7%	4.3%

Trends (ACS 5-year, 2019–2023)

	Happy Valley	Lake Oswego
Population	20,971 → 25,572 (+21.9%)	39,127 → 40,367 (+3.2%)
Median household income	$125,676 → $120,324 (-4.3%)	$108,927 → $140,441 (+28.9%)
Median home value	$508,400 → $671,800 (+32.1%)	$637,200 → $894,000 (+40.3%)
Median gross rent	$1,598 → $2,025 (+26.7%)	$1,614 → $2,031 (+25.8%)

Happy Valley

Population

20,97125,572

Median household income

$125,676$120,324

Median home value

$508,400$671,800

Median gross rent

$1,598$2,025

Lake Oswego

Population

39,12740,367

Median household income

$108,927$140,441

Median home value

$637,200$894,000

Median gross rent

$1,614$2,031

Age & race/ethnicity

Age distribution (share)

	Happy Valley	Lake Oswego
Under 5	4.1%	5.0%
5 to 17	23.2%	18.0%
18 to 24	7.3%	4.0%
25 to 34	9.6%	7.8%
35 to 44	14.6%	12.7%
45 to 54	14.2%	15.5%
55 to 64	11.7%	14.0%
65 to 74	8.8%	14.1%
75 and over	6.4%	8.8%

Race & ethnicity (share)

	Happy Valley	Lake Oswego
White (non-Hispanic)	62.5%	77.9%
Black or African American	1.8%	1.1%
American Indian & Alaska Native	0.2%	0.1%
Asian	17.7%	8.3%
Native Hawaiian & Pacific Islander	0.3%	0.1%
Some other race	1.6%	0.5%
Two or more races	7.8%	7.2%
Hispanic or Latino	8.2%	4.9%

Educational attainment (age 25+)

Share of adults 25+

	Happy Valley	Lake Oswego
No high school diploma	5.3%	1.0%
High school graduate	13.8%	6.0%
Some college or associate's	34.5%	17.9%
Bachelor's degree	30.3%	41.5%
Graduate or professional degree	16.1%	33.6%

Commute to work

How workers get to work (share)

	Happy Valley	Lake Oswego
Drove alone	67.0%	61.9%
Carpooled	4.5%	4.0%
Public transit	2.2%	1.2%
Walked	3.3%	1.3%
Bicycle	0.0%	0.5%
Worked from home	21.2%	29.8%
Other means	2.0%	1.4%

Housing

Units in structure (share)

	Happy Valley	Lake Oswego
1-unit, detached	72.4%	62.7%
1-unit, attached	10.3%	7.9%
2 to 4 units	1.8%	5.5%
5 to 19 units	7.1%	12.0%
20 or more units	7.5%	11.6%
Mobile home & other	1.0%	0.3%

Poverty & households

	Happy Valley	Lake Oswego
Poverty rate	6.9%	3.1%
Average household size	2.93	2.41
Mean commute (minutes)	28	22
Median year structure built	2006	1982