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City Report · OR

Wood Village

Pop. 4,696·51st most expensive in Oregon·Rental market data updated monthly for Wood Village, OR
Median rent (all units)
$1,626/mo
Year-over-Year
Stable
Month-over-Month
+4.2%
vs US Median
-$336
Rising (Monthly)
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Most AffordableMost Expensive
Wood Village · $1,626
More affordable than 68% of US cities · National median $1,962/mo
Affordability
23% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,626/mo, rent takes about 23% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$65,000/yr
Local median income
$85,413/yr
Based on the 30%-of-income rule using Wood Village's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

2 BR
$1,431
3 BR
$1,622
Fair Market Rent (HUD)
$1,431/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,626 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$19,512/yr
At $1,626/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +4.2% MoM), not inventory.
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Demographics

Who lives here

Wood Village, OR is majority owner-occupied, has a large share of families with children, 17.1% of residents hold a bachelor's degree or higher.

Population
4,696
Median income
$85,413
Median age
35
Renters
38.7%
Age distribution
25.1%
24.9%
29.5%
13.6%
Under 1825.1%
18–3424.9%
35–5429.5%
55–646.9%
65+13.6%
Gender
52.4%
47.6%
Male52.4%
Female47.6%
Race & ethnicity
54%
44%
White54%
Hispanic44%
Asian1.9%
Education (25+)
25.1%
25.2%
32.6%
17.1%
No HS diploma25.1%
HS diploma25.2%
Some college32.6%
Bachelor's+17.1%
Housing tenure
61.3%
38.7%
Owner61.3%
Renter38.7%

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

2021 vs 2026

How Wood Village, OR has changed in 5 years

Income
$60,122 → $85,413
up 42.1%
Population
4,435 → 4,696
up 5.9%
Renter share
32.3% → 38.7%
+6.4 pts
Bachelor's+
16.5% → 17.1%
+0.6 pts
Median age
29.9 → 35
+5.1 yrs

Census figures show median household income at $85,413 today, compared with $60,122 five years earlier. Headcount in the area went from 4,435 to 4,696 between 2021 and 2024, a 5.9% change. About 38.7% of households rent today, against 32.3% in 2021.

Community

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View Wood Village rent history (2015–2026) →
Salary vs rent

Can you afford rent in Wood Village on your salary?

At $1,626/mo, how Wood Village rent compares to typical pay (30% rule).

By apartment size

Wood Village rent by bedroom count

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

Local insights

Tips for renters in Wood Village

About renting in Wood Village, OR

Last updated: July 20, 2026

The median rent in Wood Village is $1,626/mo as of July 2026. a 2-bedroom runs $1,431/mo and 3-bedroom units go for $1,622/mo.

At 23% of local median household income ($85,413/yr), Wood Village ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Wood Village an affordable city for renters?

Wood Village is considered very affordable for renters. At $1,626/mo, rent takes approximately 23% of the local median household income ($85,413/yr). The standard benchmark is 30%. Wood Village falls comfortably within that range.

How much income do you need to rent in Wood Village?

To keep rent at or below 30% of gross income, you would need to earn at least $65,000/year (~$31/hour full-time) to afford the median rent of $1,626/mo in Wood Village. The local median household income is $85,413/yr, meaning the typical Wood Village household meets that threshold.

Is rent going up or down in Wood Village?

Rent in Wood Village has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Wood Village rent compare to other cities in Oregon?

Wood Village is one of the more affordable cities in Oregon for rent, ranking #51 out of 65 tracked cities at $1,626/mo.

Which nearby cities are cheaper to rent in than Wood Village?

Gresham is nearby and more affordable at $1,611/mo, which is $15 less than Wood Village.

What percentage of Wood Village residents rent vs. own?

According to Census data, approximately 38.7% of Wood Village households are renters, while 61.3% are owner-occupied. Wood Village leans toward homeownership, which can mean a smaller rental inventory.

How does Wood Village rent compare to the national average?

Wood Village's median rent of $1,626/mo is $336 (17%) below the US national median of $1,962/mo. Within Oregon, it ranks #51 out of 65 tracked cities.
Income Affordability
23%
VERY AFFORDABLE

At $1,626/mo, rent takes ~23% of Wood Village's median household income ($85,413/yr). The standard benchmark is 30%.

Wood Village 23%Benchmark 30%
State income tax4.75–9.9%
Run the Wood Village affordability calculator →
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Neighborhoods

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Schools nearby

Public schools near Wood Village, OR

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