City Report · OR

Wood Village

Pop. 4,696·40th most expensive in Oregon·Rental market data updated monthly for Wood Village, OR

Median rent (all units)

$1,722/mo

Year-over-Year

Stable

Month-over-Month

+5.9%

vs US Median

-$210

Reported rents

Rising (Monthly)

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Most AffordableMost Expensive

Wood Village · $1,722

More affordable than 59% of US cities · National median $1,932/mo

Affordability

24% of income

VERY AFFORDABLE

0%30% benchmark60%+

At $1,722/mo, rent takes about 24% of the local median household income, comfortably within the 30% benchmark.

Income to afford

$69,000/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 $1,722 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: September 25, 2026

Annual cost

$20,664/yr

At $1,722/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, +5.9% MoM), not inventory.

Rent check

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Compare your rent to the local median.

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

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

Discussions about Wood Village

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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 $1,722/mo, how Wood Village rent compares to typical pay (30% rule).

Registered Nurse

Avg $98,259/yr · Rent = 21% income

affordable

Elementary School Teacher

Avg $69,763/yr · Rent = 29.6% income

affordable

Police Officer

Avg $80,361/yr · Rent = 25.7% income

affordable

Software Developer

Avg $143,634/yr · Rent = 14.4% income

very comfortable

Lawyer

Avg $183,529/yr · Rent = 11.3% income

very comfortable

Firefighter

Avg $65,322/yr · Rent = 31.6% income

stretched

Truck Driver

Avg $58,978/yr · Rent = 35% income

stretched

Electrician

Avg $72,696/yr · Rent = 28.4% income

affordable

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: September 25, 2026

The median rent in Wood Village is $1,722/mo as of September 2026. a 2-bedroom runs $1,431/mo and 3-bedroom units go for $1,622/mo.

At 24% 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

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 $69,000/year (about $33/hour full-time) to afford the median rent of $1,722/mo in Wood Village. The local median household income is $85,413/yr, so the typical household meets that bar.