Lake Forest, a neighborhood in Lake Oswego, Oregon, is currently a White Majority community with a median income of $120,295 as of 2022. The area exhibits Low Diversity, with white residents comprising 64% of the population. Lake Forest has experienced significant demographic changes over the past decade, particularly in its Asian population, which has grown substantially. This affluent neighborhood is known for its lakeside setting and high-quality schools, making it attractive for families and professionals.

Over the past decade, Lake Forest has transitioned from a community with extremely Low Diversity to one approaching Moderate Diversity. In 2013, the neighborhood was in the Low Diversity category with 86% of the population identifying as white. By 2022, this percentage had decreased to 64%, while the Asian population increased from 7% to 24%. This shift indicates a Transitional Community, with the Asian population showing the most significant growth. The Hispanic population has also increased from 5% to 8% over the same period. Despite these changes, the community remains categorized as White Majority, though it is moving closer to a potential future classification of Moderate Diversity if current trends continue.

The demographic shifts in Lake Forest correlate with substantial increases in median income. In 2013, the median income was $82,440, which rose to $120,295 by 2022, representing a 46% increase. This economic growth coincides with the influx of Asian residents, who often occupy high-skilled, well-compensated positions in tech and professional services industries. The population has also grown from 3,315 in 2013 to 3,966 in 2022, a 20% increase. This population growth, combined with rising incomes, suggests that Lake Forest has become increasingly attractive to affluent professionals, particularly those of Asian descent.