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City · 20,307 residents · Washington County, Oregon

Sherwood , Oregon

In Sherwood, a typical home is worth $602,100 and typical rent is $2,131 a month. Compared with all of Washington County, typical rent is 15% higher and the share of households that own their home is 11 points higher.

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  • Typical home value

    $602,100

    2% above the county

    26% above Oregon

    • Sherwood
    • Washington
    • Oregon

  • Typical rent

    $2,131a month

    15% above the county

    40% above Oregon

    • Sherwood
    • Washington
    • Oregon

  • Typical household income

    $109,966a year

    2% above the county

    32% above Oregon

    • Sherwood
    • Washington
    • Oregon

  • Households that own their home

    72%

    11 points above the county

    9 points above Oregon

    • Sherwood
    • Washington
    • Oregon

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$620,666
1.4% less than 12 months ago
Typical rent
$2,614 a month
2.4% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Sherwood is in Washington County. The FHA loan limit ($701,500 for a one-unit home), the fair market rents and the help on this page are those of all of Washington County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Sherwood apart

What this place has that others do not, from public data, most unusual first.

  1. Sherwood has the 4th highest typical rent of the 102 cities in Oregon with more than 5,000 people ($2,131).

  2. Nearby, in King City, the typical home value is $423,700: 30% less than in Sherwood ($602,100).

  3. Nearby, in Tigard, the typical rent is $1,782: 16% less than in Sherwood ($2,131).

  4. 72% of households in Sherwood own their home, against 61% in Washington County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Sherwood

What homes there are in Sherwood, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Sherwood: 72% of homes, more than in Washington County (57%).

Year built

The typical home in Sherwood was built in 1997, 7 years after the typical one in Washington County.

There is more room for a big family here: 78% of homes have 3 bedrooms or more, against 62% in Washington County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,576 a month

Washington County: $2,475 a month

Without a mortgage

$934 a month

Washington County: $846 a month

Owners with a mortgage

83%

Washington County: 71%

In Sherwood, 83% of owners have a mortgage; their typical cost is $2,576 a month, about the same as in Washington County.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Homes in Sherwood gained value more slowly than in Washington County: 48% since 2015–2019, against 52%.

The typical rent in Sherwood rose 44% over the same time; in Washington County, it rose 36%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSherwoodWashington CountyOregonUnited States
Rental vacancy Unreliable estimate4.1%4.2%5.5%
Homeowner vacancy Unreliable estimate0.5%0.7%0.9%
More than one person per room Unreliable estimate3.4%3.2%3.4%
People per household 2.882.532.422.53
Drive alone 64%61%65%69%
Carpool 7%7%9%9%
Public transit Unreliable estimate3%2%3%
Walk or bike 2%3%5%3%
Work from home 26%24%19%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

More people live in each home here: 2.88 on average, against 2.53 in Washington County.

To get to work, 64% of workers in Sherwood drive alone; in Washington County, 61%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Sherwood?

A typical home costs more than the typical income allows

We start with a typical home in Sherwood, worth $602,100, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 54% of the typical household income in Sherwood, which is $109,966 a year. For that payment to be 28% of income, a household would need to earn about $213,374 a year.

The calculator's FHA and conventional loan limits are those of all of Washington County.

Your numbers

Local data
$

Starts at the typical home value in Sherwood. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $21,074 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,979

at 7.18% · 30 years

Loan amount
$591,194
Total interest
$850,589
Paid off in
November 2056

Includes $10,168 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,566 a month

  • Tight

    $2,566 to $3,299 a month

  • Hard

    more than $3,299 a month

    Your payment · 54%

Compared with the typical household income in Sherwood ($109,966 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,979
Principal & interest$4,005
Property tax$457
Home insurance$251
FHA mortgage insurance (MIP)$266

You need at least $21,074 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Sherwood and Washington County

Sherwood is in Washington County, Oregon. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Sherwood's own numbers

Typical home value
$602,100
Typical monthly rent
$2,131
Typical yearly household income
$109,966
Households that own their home
72%
Effective property tax rate
0.91%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Washington County

FHA limit, one-unit home
$701,500
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,878
Price change over 5 years (FHFA)
+33%
Homes in a high flood-risk zone
1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Washington County.

Everything about Washington County

Buying

Buying a home in Sherwood

A typical home in Sherwood is worth $602,100: 2% above the county and 26% above Oregon. With the typical household income in Sherwood ($109,966 a year), a typical home costs 5.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Sherwood 5.5 years
  • Washington 5.5 years
  • Oregon 5.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Washington County

According to FHFA’s house price index, home prices in Washington County rose 80% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Washington County.

Period County Oregon U.S.
Last year (2025) −0.5% +0.9% +2.9%
5 years (2020–2025) +33% +35% +47%
10 years (2015–2025) +80% +86% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Sherwood next to Washington County, Oregon and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Sherwood $602,100
  • Washington $588,000
  • Oregon $477,600
  • United States $332,700
Typical monthly rent
  • Sherwood $2,131
  • Washington $1,849
  • Oregon $1,525
  • United States $1,413
Typical yearly household income
  • Sherwood $109,966
  • Washington $107,772
  • Oregon $83,011
  • United States $80,734
See the full table
Sherwood next to Washington County and Oregon
Measure Sherwood Washington County Oregon U.S.
Typical home value $602,100 $588,000 $477,600 $332,700
Typical monthly rent $2,131 $1,849 $1,525 $1,413
Typical yearly household income $109,966 $107,772 $83,011 $80,734
Households that own their home 72% 61% 63% 65%
Typical yearly property tax $5,474 $4,929 $3,876 $3,119
Effective property tax rate 0.91% 0.84% 0.81% 0.94%
Renters with high rent for their income 54% 49% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Washington County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Sherwood

For a typical $602,100 home in Sherwood, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Sherwood's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,979a month

    Least cash to close
    Down payment
    $21,074
    Cash to close
    $39,137
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $266

  • Conventional, 5% down $4,868a month

    Down payment
    $30,105
    Cash to close
    $48,168
    Rate
    7.18%
    Mortgage insurance
    PMI · $286

  • Conventional, 20% down, no PMI $3,971a month

    Down payment
    $120,420
    Cash to close
    $138,483
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $4,527a month

    Down payment
    $90,315
    Cash to close
    $108,378
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Sherwood and for Washington County.

Property tax

Effective rate in Sherwood

0.91%of the home’s value each year

$5,474 a year for the typical owner in Sherwood.

  • Sherwood 0.91%
  • Washington 0.84%
  • Oregon 0.81%

What Oregon publishes 3 percent cap on maximum assessed value (Measure 50) (Oregon Legislature (Oregon Revised Statutes))

Exemptions and deadlines in Oregon

Flood risk in Washington County

FEMA does not publish these numbers by city: they are for all of Washington County.

Homes in the high-risk zone
1%
1,766
Of those, with NFIP insurance
38%
County Oregon U.S.
Homes in the high-risk zone 1% 2.8% 3.5%
Of those, with NFIP insurance 38% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Sherwood

Typical rent in Sherwood is $2,131 a month: 15% above the county. In Sherwood, 54% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Washington County, by unit size. To pay the 2-bedroom one ($1,878 a month) without spending more than 30% of your income, you would need to earn $36.12 an hour working full time.

HUD fair market rent for all of Washington County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,527 $29.37 $61,080
1 bedroom $1,633 $31.40 $65,320
2 bedrooms $1,878 $36.12 $75,120
3 bedrooms $2,550 $49.04 $102,000
4 bedrooms $3,069 $59.02 $122,760

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Sherwood

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Sherwood is in ZIP code 97140.

For 2 bedrooms it is $2,340: $462 more than the fair market rent for Washington County ($1,878).

  • 97140 $2,340$3,180

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Sherwood when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Sherwood

HUD lists 3 buildings with rents for lower incomes in Sherwood. These are the largest.

  • Washington County Ha 15378 SW Oregon St, Sherwood 97140 219 low-income homes · Run by Housing Authority of Washington County · Homes at several sites (503) 846-4794
  • Stewart Terrace 1000 N Sherwood BLVD, Sherwood 97140 29 homes, 24 low-income · For older adults (503) 625-7883
  • Linnwood Apts 23455 SW Main St, Sherwood 97140 24 homes

See all 69 buildings in Washington County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Sherwood

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Washington County; 2 say they serve in Spanish.

A young man and a young woman look something up together on a laptop.

HUD counseling is free or low-cost

Assistance programs in Sherwood

No down payment, repair or rent-help program on our list is for Sherwood or Washington County. The ones below are statewide in Oregon: they work in Sherwood the same as in the rest of the state.

Which programs do I qualify for? All programs in Oregon

  • OHCS Down Payment Assistance

    Statewide in Oregon

    Oregon state funds for the down payment and closing costs, delivered by local organizations: up to $60,000 or 20% of the price, sometimes as a grant or as a forgivable second mortgage, for first-time or first-generation buyers with income up to 100% of the area median. Offered by Oregon Housing and Community Services (OHCS).

    GrantForgivable

    See the program Official page

  • FirstHome (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for low- and moderate-income first-time buyers, with down payment assistance of 4% or 5% of the loan as a second mortgage. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

  • NextStep (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for any buyer, including people who have owned a home before, with down payment assistance of 4% or 5% of the loan as a second mortgage that can be forgivable or repayable. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

Housing counselors near Sherwood

The HUD-approved agencies closest to the center of Sherwood, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Housing Options Provided for the Elderly

    5200 Meadows Rd Ste 150, Lake Oswego · 7 miles away

    • Reverse mortgage counseling
    (971) 207-7820

  • DevNw

    421 High Street, Suite 110, Oregon City · 11 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (503) 655-8974

  • Bienestar

    448 S 1st Ave Ste 100, Hillsboro · 13 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 5 more
    (503) 693-2937

Every agency in Washington County All counseling agencies in Oregon

Help in Spanish near Sherwood

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Sherwood

HUD’s record names them for Sherwood or Washington County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of Washington County Public housing and Section 8 vouchers (503) 846-4794

All housing agencies in Oregon Source: HUD

Cities

Other cities in Washington County

These cities are also in Washington County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Washington County Housing in Oregon
See 7 more cities in Washington County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Sherwood, with the typical home value.

Neighboring counties

If Washington County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Sherwood.

All guides
A mother holding her baby watches her daughter blow bubbles outdoors.

Questions

Housing questions about Sherwood

Short answers with the numbers for Sherwood and all of Washington County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Sherwood?

The typical home value in Sherwood is $602,100, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Washington County it is $588,000.

How much does it cost to rent in Sherwood?

Typical rent in Sherwood is $2,131 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Washington County is $1,878.

What is the FHA loan limit in Sherwood?

Sherwood uses the FHA limit for all of Washington County (2026): $701,500 for a one-unit home and $1,349,050 for a four-unit home.

How much property tax do owners pay in Sherwood?

The typical homeowner in Sherwood pays $5,474 a year, according to the U.S. Census Bureau. That is 0.91% of the home’s value; in Washington County, the rate is 0.84%.

Where can I find free help to buy or rent in Sherwood?

There are 2 HUD-approved counseling agencies with an office in Washington County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).