View in Interactive Map

Sherwood, OR—97140

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$621,000
1.6% YoY Growth
Household Income
$119,000
13.1% YoY Growth
Days on Market
102
17.0% Longer YoY
Home Price Forecast
-0.6%
Median Rent
$2,600
0.4% YoY Growth
1-Bed Rent
$1,640
7.7% YoY Growth
2-Bed Rent
$2,000
13.3% YoY Growth
3-Bed Rent
$2,700
3.0% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Sherwood, OR

As of Dec '25, the median home price in Sherwood, OR is $621,000, with a year-over-year change of -1.6%. This indicates that home prices in Sherwood, OR are decreasing. According to Zillow, the 1-year price projection is -0.6%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$621,000-1.6%
Single Family $638,000-1.8%
Condos $280,000-16.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $261,000
    -8.4%
    2 Bed
    		$377,000-3.8%
    3 Bed
    		$553,000-1.4%
    4 Bed
    		$701,000-2.2%
    5 Bed $816,935-3.1%
    Loading chart...

    % of Housing Stock

    Studio
    1.2%
    1 Bedroom
    3.2%
    2 Bedrooms
    14.6%
    3 Bedrooms
    45.6%
    4 Bedrooms
    28.1%
    5+ Bedrooms
    7.3%

    Rental Trends — Sherwood, OR

    As of July '25, Rentcast reports the average rent in Sherwood, OR is $2,600, with a year-over-year rent change of 0.4%. Per bedroom, the median rent as of July '25 in Sherwood, OR is studios: $1,000, 1-bedrooms: $1,670, 2-bedrooms: $2,050, 3-bedrooms: $2,750, 4-bedrooms: $3,580. The most common rental property sizes in Sherwood, OR are 2-bedroom and 3-bedroom, accounting for 39.0% and 35.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,600$2,600
    Studio Rent $1,000$1,000
    1 Bed Rent $1,640$1,670
    2 Bed Rent $2,000$2,050
    3 Bed Rent $2,700$2,750
    4 Bed Rent $3,200$3,580
    Loading chart...

    % of Rental Stock

    Studio
    4.2%
    1 Bedroom
    11.0%
    2 Bedrooms
    39.0%
    3 Bedrooms
    35.8%
    4 Bedrooms
    5.4%
    5+ Bedrooms
    4.7%

    Property Listings — Sherwood, OR

    As of Dec '25, Realtor.com reports that the median days on market for a home in Sherwood, OR is 90. This is a increase of 23.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 31.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$700,0000.0%
    Listing Count
    		103-8.0%
    Listings as % of Homes0.8%-8.0%
    Days on Market
    		10217.0%
    Loading chart...

    Demographics — Sherwood, OR

    As of the latest ACS Survey released in 2023, Sherwood, OR has a population of 28,000, which has increased by 10.1% over the past 5 years. Sherwood, OR is a popular place for families, as children make up 26.5% of the population. The area has a highly educated workforce, with 48.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 23.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		28,00010.1%
    % Under 18
    		26.5%-9.6%
    % Seniors
    		10.6%-7.0%
    % WFH
    		23.8%193.8%
    % w/ College Degree
    		48.2%-2.2%
    Loading chart...

    As of the latest ACS Survey released in 2023, Sherwood, OR is a predominantly white area, with 79.5% of the population identifying as white. The white population has shrunk by 8.3% in the last 5 years. The second most common race or ethnicity in Sherwood, OR is hispanic, making up 7.8% of the population. Foreign-born residents account for 7.7% of the population in Sherwood, OR, and this percentage has increased by 20.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		79.5%-8.3%
    % Black
    		0.6%50.0%
    % Hispanic
    		7.8%34.5%
    % Asian
    		4.4%15.8%
    % Foreign Born
    		7.7%20.3%
    Loading chart...

    Mortgage and Risk — Sherwood, OR

    According to HUD data as of 2023, there were 600 mortgage originations in Sherwood, OR, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 14.0% above 90% LTV (elevated). This implies medium mortgage risk in Sherwood, OR. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		600
    % Conventional Loans
    		90.0%
    % Government Loans
    		10.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		7.0%
    Loading chart...
    Loading chart...

    Rentals and Section 8 — Sherwood, OR

    As of 2024, the percent of homes in Sherwood, OR under the Section 8 program is 2.5%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Sherwood, OR, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.

    Section 8 Market Size

    Total Units under HUD
    		42
    Total Units Section 8
    		42
    % Rentals under Section 8
    		2.5%
    % Occupied Section 8
    		92.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$570$1,640$2,210
    2 Bedroom$520$2,000$2,520
    3 Bedroom$760$2,700$3,460
    4 Bedroom$860$3,200$4,060

    Affordability — Sherwood, OR

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.2
    Median Home Price$621,000
    Median Household Income$119,000

    Sherwood, OR — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Tigard, OR

    97224

    Beaverton, OR

    97007

    Tualatin, OR

    97062

    Wilsonville, OR

    97070

    Garden Home, Tigard, OR

    97223

    Frequently Asked Questions