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City Report · OR

Sherwood

Pop. 20,307·2nd most expensive in Oregon·Rental market data updated monthly for Sherwood, OR
Median rent (all units)
$2,485/mo
Year-over-Year
+0.3%
Month-over-Month
+6.2%
vs US Median
+$520
Rising (Monthly)
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Most AffordableMost Expensive
Sherwood · $2,485
More expensive than 79% of US cities · National median $1,965/mo
Rent Reality Score
53/100
Fairly priced
OverheatedFairGreat value

Rents are right about where Sherwood's 10-year trend predicts.

Actual rent
$2,485/mo
Expected by trend
$2,524/mo
The Rent Reality Score compares today's median rent to where Sherwood's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$2,050
1 BR
$2,210
2 BR
$2,520
3 BR
$3,460
4 BR+
$4,060
Research median
$2,520/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$29,820/yr
At $2,485/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.3% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.3% YoY, +6.2% MoM), not inventory.
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Demographics

Who lives here

Sherwood, OR is majority owner-occupied, has a large share of families with children, has a median income above the national average, 49.9% of residents hold a bachelor's degree or higher.

Population
20,307
Median income
$109,966
Median age
36.7
Renters
27.7%
Age distribution
28.9%
18.2%
34%
Under 1828.9%
18–3418.2%
35–5434%
55–648%
65+10.9%
Gender
49.2%
50.8%
Male49.2%
Female50.8%
Race & ethnicity
78.1%
White78.1%
Black0.6%
Hispanic9.6%
Asian4.2%
Other7.5%
Education (25+)
15%
31.6%
49.9%
No HS diploma3.6%
HS diploma15%
Some college31.6%
Bachelor's+49.9%
Housing tenure
72.3%
27.7%
Owner72.3%
Renter27.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2023 vs 2026

How Sherwood, OR has changed in 5 years

Rent
$2,220 → $2,485
up 11.9%
Income
$104,651 → $109,966
up 5.1%
Population
20,281 → 20,307
up 0.1%
Renter share
26.4% → 27.7%
+1.3 pts
Bachelor's+
48.4% → 49.9%
+1.5 pts

Compared with 2023, rent in Sherwood, OR has climbed by $265 per month, settling near $2,485 after starting the period at $2,220. Census figures show median household income at $109,966 today, compared with $104,651 five years earlier. Rent outpaced income growth by roughly 6.8 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2023.

Community

Discussions about Sherwood

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View Sherwood rent history (2015–2026) →
Salary vs rent

Can you afford rent in Sherwood on your salary?

At $2,485/mo, how Sherwood rent compares to typical pay (30% rule).

By apartment size

Sherwood rent by bedroom count

Median rent for each apartment size in Sherwood. Click any size for full breakdown.

Local insights

Tips for renters in Sherwood

About renting in Sherwood, OR

Last updated: July 20, 2026

The median rent in Sherwood is $2,485/mo as of July 2026. A studio apartment averages $2,050/mo while a 2-bedroom runs $2,520/mo. One-bedroom apartments average $2,210/mo and 3-bedroom units go for $3,460/mo.

At 27% of local median household income ($109,966/yr), Sherwood ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.

FAQ

Frequently asked questions

Is Sherwood an affordable city for renters?

Sherwood is considered affordable for renters. At $2,485/mo, rent takes approximately 27% of the local median household income ($109,966/yr). The standard benchmark is 30%. Sherwood falls comfortably within that range.

How much income do you need to rent in Sherwood?

To keep rent at or below 30% of gross income, you would need to earn at least $99,000/year (~$48/hour full-time) to afford the median rent of $2,485/mo in Sherwood. The local median household income is $109,966/yr, meaning the typical Sherwood household meets that threshold.

Is rent going up or down in Sherwood?

Rent in Sherwood has been relatively stable over the past year, with a 0.3% change year over year as of July 2026.

How does Sherwood rent compare to other cities in Oregon?

Sherwood is one of the pricier cities in Oregon for rent, ranking #2 out of 65 tracked cities at $2,485/mo.

Which nearby cities are cheaper to rent in than Sherwood?

Several nearby cities have lower median rents than Sherwood ($2,485/mo): Wilsonville ($1,796/mo), Tualatin ($1,853/mo), Beaverton ($1,871/mo).

What percentage of Sherwood residents rent vs. own?

According to Census data, approximately 27.7% of Sherwood households are renters, while 72.3% are owner-occupied. Sherwood leans toward homeownership, which can mean a smaller rental inventory.

How does Sherwood rent compare to the national average?

Sherwood's median rent of $2,485/mo is $520 (26%) above the US national median of $1,965/mo. Within Oregon, it ranks #2 out of 65 tracked cities.
Income Affordability
27%
AFFORDABLE

At $2,485/mo, rent takes ~27% of Sherwood's median household income ($109,966/yr). The standard benchmark is 30%.

Sherwood 27%Benchmark 30%
State income tax4.75–9.9%
Run the Sherwood affordability calculator →
Lowest-rent ZIP codes in Sherwood
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Sherwood, OR

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