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These days, finding an affordable place to live in the Sherwood area can be challenging. Home prices in Sherwood are now at a median cost of $672,536, higher than the Oregon average of $502,078.
The average cost of rent is $2,315/mo in Sherwood, primarily driven by the current value of real estate in the Sherwood area. In Sherwood, 24.21% of households rent, and 23.56% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sherwood is $10,831 per month. Households that rent pay about 21.37% of their income on rent here. Sherwood’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- King City, OR: less expensive homes
- Bull Mountain, OR: equally priced homes
- Tualatin, OR: less expensive homes
- Springbrook, OR: higher priced homes
- Wilsonville, OR: equally priced homes
- Durham, OR: less expensive homes
- Rivergrove, OR: higher priced homes
- Scholls, OR: higher priced homes
- Newberg, OR: less expensive homes
- Tigard, OR: less expensive homes
Cities with Similar Populations
- Reading, MA: higher priced homes
- Lewes, DE: less expensive homes
- Lithia Springs, GA: less expensive homes
- Lodi, NJ: less expensive homes
- Loma Linda, CA: less expensive homes
- Macungie, PA: less expensive homes
- Palm Springs, FL: less expensive homes
- Peekskill, NY: less expensive homes
- Perkasie, PA: less expensive homes
- Randolph, NJ: equally priced homes
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