Lake Oswego, Oregon Short-Term Rental Market
Lake Oswego STRs averaged $144/night at 66.8% occupancy in April 2026, with a rental demand score of 86 out of 100.
Quick Answer: Lake Oswego, Oregon is an active short-term rental market. average occupancy in the Portland, OR market area is 79%. average monthly revenue in the Portland, OR market area is $3,760. average daily rate in the Portland, OR market area is $179. the top operator in the Portland, OR market area is 164 Investments with 161 listings. market score is 78/100 (grade B).
Market data reflects the Portland, OR regional market, which includes Lake Oswego. Regulations, taxes, and permit details below are specific to Lake Oswego.
Market Score Breakdown
Five dimensions StaySTRA evaluates per market.
Market Overview
The Lake Oswego, OR short-term rental market covers this affluent suburb 8 miles south of Portland, home to approximately 41,474 residents. The market is notable for consistent year-round demand: even in January, the lowest month, average occupancy sits at 53.1%. In April 2026, the all-listing average daily rate was $144, occupancy reached 66.8%, and revenue per available rental (RevPAR) came in at $96. Year-over-year through April 2026, occupancy improved 3.4%, ADR rose 3.1%, and monthly revenue grew 2.7%.
Approximately 9,125 active listings are in the market. One-bedroom properties dominate at 4,634 listings, with two-bedroom (2,199), three-bedroom (1,268), four-bedroom (618), and five-or-more-bedroom (389) listings making up the rest. The channel mix is Airbnb-heavy: 5,947 listings are Airbnb-only, 2,908 appear on both Airbnb and VRBO, and 270 are VRBO-only. On listing type, 7,860 units are entire-place, 1,248 are private rooms, and 17 are shared rooms.
The StaySTRA scorecard rates Lake Oswego at 77.7 out of 100 overall, led by a strong rental demand score of 86.3 and seasonality score of 79.1. Revenue growth scores 76.8, regulation 69.1, and investability 52.8. The 2025 annual average occupancy was 66.3% and ADR was $151, both reflecting the market’s steady, urban-suburban demand profile.
Seasonal Patterns
| Month | Occupancy | ADR | Revenue |
|---|---|---|---|
| Jan | 53% | $108 | $1,677 |
| Feb | 63% | $112 | $1,776 |
| Mar | 66% | $119 | $2,170 |
| Apr | 66% | $124 | $2,249 |
| May | 70% | $134 | $2,534 |
| Jun | 78% | $149 | $3,085 |
| Jul | 80% | $148 | $3,267 |
| Aug | 78% | $147 | $3,168 |
| Sep | 70% | $138 | $2,648 |
| Oct | 68% | $131 | $2,538 |
| Nov | 62% | $123 | $2,084 |
| Dec | 59% | $119 | $2,013 |
Top Short-Term Rental Operators in Portland, OR market area
Ranked by total active listings. Useful for understanding the competitive landscape. Operator data is published for the Portland, OR market as a whole, which includes Lake Oswego, so these counts are not Lake Oswego-only figures.
| # | Operator | Listings | Reviews | Rating |
|---|---|---|---|---|
| 1 | 164 Investments | 161 | 30,606 | ★ 4.78 |
| 2 | ITrip Vacations | 134 | 9,618 | ★ 4.76 |
| 3 | Stay Portland Collection | 125 | 5,176 | ★ 4.63 |
| 4 | Evolve | 121 | 4,665 | ★ 4.63 |
| 5 | Destination Willamette | 76 | 3,611 | ★ 4.89 |
What Kind of STR Should I Buy in Lake Oswego?
Revenue and pricing by property type, tier, and bedroom count.
Revenue by Bedroom Count
| 1 bed | 4,634 |
| 2 bed | 2,199 |
| 3 bed | 1,268 |
| 4 bed | 618 |
| 5 bed | 389 |
ADR by Property Tier
| Entire Home | $194 |
| Luxury | $321 |
| Professionally Managed | $291 |
Revenue by Dwelling Type
| Apartment | $2,982 |
| Entire Place | $4,092 |
| House | $4,088 |
Booking Channel Mix
Distribution of bookings across major STR platforms.
| Channel | Share |
|---|---|
| airbnb | 65.2% |
| vrbo | 3% |
| both | 31.9% |
Investment Analysis
Lake Oswego’s STR framework has a critical investment constraint: the city requires owner-occupancy and primary-residence status on the same lot as the rental unit. A buyer cannot purchase a property purely as an STR investment and rent it out remotely. The eligible structure types are detached single-family homes with the rental either inside the home or in an approved accessory dwelling unit on the same lot. Apartments, condos, and townhomes are not eligible.
Within that constraint, performance metrics are solid. In April 2026, average monthly revenue was $2,591 across all listing types. The 2025 annual average was $2,864/month; 2022 was the peak year at $2,829/month, and revenue has held in the $2,692 to $2,864 range since 2022.
Housing data is not available for this area in the current dataset, so entry-cost yield estimates cannot be computed from available figures.
Luxury-tier listings averaged $246/night in ADR in April 2026, compared with the all-listing average of $144 (a 71% premium). Professionally managed listings averaged $209/night, a 45% premium over the market average. Entire-place listings averaged $2,791/month in revenue, house listings $2,720/month, and apartment-style listings $2,331/month. The 1BR-dominant supply mix (4,634 of approximately 9,125 listings) is consistent with the owner-occupancy requirement, as many hosts rent a primary-residence room, suite, or ADU rather than an entire unoccupied investment property.
Revenue Trend (5 yr)
ADR & Occupancy Trends (5 yr)
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Booking Insights
In April 2026, the average booking lead time for Lake Oswego rentals was 37.9 days, roughly five to six weeks in advance. The average length of stay was 5.0 nights, notably longer than most STR markets, and suggests guests are using Lake Oswego as a base for extended Portland-area visits rather than pure weekend getaways.
A 5.0-night average stay means monthly turnover at full occupancy is approximately 6 changeovers per month, lower than shorter-stay markets. This is an advantage for hosts managing their own cleanings, but hosts using professional cleaning services may still find logistics manageable. The lower turnover also reduces wear per occupied night.
The 38-day average lead time is moderate. For July and August, pricing should be finalized at least six weeks out. The market’s consistent year-round demand (minimum 53% occupancy even in January) means revenue management is less about chasing a narrow peak window and more about holding steady rates through the shoulder season.
Short-Term Rental Regulations
Lake Oswego permits short-term rentals (stays of 31 days or less) under Ordinance 2815, made permanent on June 1, 2021 when the City Council removed the original sunset provision. However, the rules include significant structural restrictions.
STRs are limited to lots containing a detached single-family house. The rental unit may be inside the home itself or in an approved accessory dwelling unit on the same lot. Apartments, condos, and townhomes are not eligible. The owner must maintain their primary residence on the lot, proven via voter registration, tax records, or vehicle licensing; they do not need to be physically present during a rental.
Operators must obtain a Home Occupation Business License at $100 per year (annual renewal required) and register for the city’s 6% Transient Lodging Tax. Bookings made through platforms like Airbnb and VRBO have the tax collected and remitted by the platform; hosts collecting payments directly must remit the tax themselves within 15 days after month-end and may retain 5% for administration.
There is no annual night cap. Violations can result in business-license suspension or revocation, citations, or fines, with complaints directed to Planning (503-635-0290) for land-use matters and Police for noise and parking issues. Enforcement is rated moderate; local reporting from 2022 noted that on-paper rules were not always proactively enforced.
Market Comparison
Lake Oswego’s April 2026 occupancy of 66.8% is well above the US STR median of approximately 55%, and its 2025 annual average occupancy of 66.3% is consistently above national norms. The $144 ADR is notably below the US STR median of approximately $220, reflecting the market’s 1BR-heavy supply mix and urban-suburban character where per-night pricing is compressed compared with resort destinations.
The rental demand score of 86.3 and total score of 77.7 out of 100 both rank above the median in the StaySTRA dataset, confirming the demand consistency evident in the monthly occupancy data. The investability score of 52.8 is below average, reflecting the owner-occupancy restriction that limits who can legally operate an STR in Lake Oswego.
On the operator side, 164 Investments leads with 161 listings and 30,606 reviews (4.78 average rating), a review volume that signals a highly scaled operation. ITrip Vacations follows with 134 listings (4.76 rating) and Stay Portland Collection with 125 listings (4.63 rating). Evolve holds fourth with 121 listings (4.63 rating). Regional operator Destination Willamette manages 76 listings with the highest average rating among the top five at 4.89. The operator landscape is Portland-regional rather than nationally concentrated, reflecting the market’s urban-suburban character.
Frequently Asked Questions About Lake Oswego, Oregon
What was the average daily rate for Lake Oswego short-term rentals in April 2026?
Can I buy a property in Lake Oswego purely as an STR investment?
What permits and taxes are required for STRs in Lake Oswego, OR?
When is peak STR season in Lake Oswego?
How does Lake Oswego's occupancy compare to national STR averages?
How far in advance do guests book Lake Oswego rentals?
Who are the leading property managers in Lake Oswego?
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