Lake Oswego's population increases by just under 400 people
Population numbers continue to show that Oregon is a hotspot destination. According to a Portland State University study, Oregon's population has increased by 31,655 people from 2019 to 2020, bringing the statewide estimated total number of people to just above 4.2 million as of July 1, 2020.
And while Lake Oswego has seen a minor increase of 365 people within the last year, the city has seen steady growth over the last decade, averaging slightly less than 1% population growth each year.
"Which is pretty much on target with the city's comprehensive plan and growth assumptions," said Planning and Building Services Director Scot Siegel.
PSU's population research center released its annual report Tuesday, Dec. 15, and the certified population estimates show that new residents are flocking to the Portland metro region.
Multnomah County added 7,830 people between 2019 and 2020, while Washington County grew by 6,670 and Clackamas County increased by 3,095. That's more than half of the state's total growth.
The population in Lake Oswego saw a .7% change within the last year, bringing the total population up to 39,480 as of July 2020. This increase is slightly less than Lake Oswego's population increase of 900 from 2018 to 2019.
Last year, Siegel told the Review the 900-person increase was the largest increase the city had seen in a decade.
He attributed that growth to recent development, particularly the addition of senior and multi-family housing at Mary's Woods, The Springs Living and The Windward.
"Those are the largest projects," Siegel said. "Just between the three of those, over 600 housing units, most of those are senior living, some of which is assisted living."
Though the Mercantile development at Kruse Way and Boones Ferry Road and the North Anchor project are not yet complete, Siegel said he expects the city's population to rise over the next few years after the apartments become available.
"Those kinds of infill on redevelopment projects are likely to continue," said Siegel, adding that the city won't see much land development like large subdivisions due to the lack of available land.
Annexation also affects the number of new properties that would slightly contribute to population numbers.
Siegel said the slowdown in the increase over the last year is due to a combination of things. He said the building industry's cycle and different segments of the housing market grow at different times.
"We saw more single-family detached homes being built in the earlier part of the past decade. For one reason, we had more buildable lots that were available but more recently apartment development really picked up and that's been true across the country," Siegel said. "There's demand for multi-family housing (and that) has to do with change in demographics.
"The lower number in 2020, I think is just the building cycle. It's still a pretty sizable increase."
You count on us to stay informed and we depend on you to fund our efforts. Quality local journalism takes time and money. Please support us to protect the future of community journalism.