RentDataNowRentDataNow
ZIP Code · OR

ZIP 97140

Part of Sherwood, OR
Pop. 27,933·Washington County·4th most expensive ZIP in Oregon
Median rent (all units)
$2,485/mo
Year-over-Year
+0.3%
Month-over-Month
+6.2%
vs US Median
+$520
Rising (Monthly)
Be the first to discuss 97140 rents ↓
Most AffordableMost Expensive
ZIP 97140 · $2,485
More expensive than 79% of US ZIP codes · National median $1,965/mo
Rent check

Is your rent fair?

Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio
$1,980
1 BR
$2,110
2 BR
$2,420
3 BR
$3,300
4 BR+
$3,910
Research median
$2,420/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost
$29,820/yr
At $2,485/mo median
Location
StateOR
CountyWashington County
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.
Demographics

Who lives here

ZIP 97140 (Sherwood, OR) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 48.4% of residents hold a bachelor's degree or higher.

Population
27,933
Median income
$123,228
Median age
37.6
Renters
24.6%
Age distribution
26.4%
19.1%
33.5%
Under 1826.4%
18–3419.1%
35–5433.5%
55–649.9%
65+11.1%
Gender
48.1%
51.9%
Male48.1%
Female51.9%
Race & ethnicity
79.7%
White79.7%
Black0.8%
Hispanic8.5%
Asian4.2%
Other6.8%
Education (25+)
16.5%
30.5%
48.4%
No HS diploma4.6%
HS diploma16.5%
Some college30.5%
Bachelor's+48.4%
Housing tenure
75.4%
24.6%
Owner75.4%
Renter24.6%

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

2021 vs 2026

How ZIP 97140 in Sherwood, OR has changed in 5 years

Income
$114,028 → $123,228
up 8.1%
Population
28,282 → 27,933
down 1.2%
Renter share
22.4% → 24.6%
+2.2 pts
Bachelor's+
47.2% → 48.4%
+1.2 pts

Median household income climbed from $114,028 to $123,228 between 2021 and 2024, a 8.1% shift. Census counts show ZIP 97140 in Sherwood, OR losing about 349 residents over the five-year window, down 1.2% on net. The renter share has risen from 22.4% to 24.6%, with owner-occupied housing accounting for the remainder.

Community

Discussions about ZIP 97140

No discussions yet. Start the conversation.

Local insights

Tips for renters in ZIP 97140

About renting in ZIP 97140

Last updated: July 20, 2026

ZIP code 97140 covers Sherwood, OR. The median rent here is $2,485/mo as of July 2026. A 1-bedroom rents for a median of $2,110/mo. A 2-bedroom rents for a median of $2,420/mo.

At 24% of local median household income ($123,228/yr), ZIP 97140 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.3% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 97140?

As of July 20, 2026, the median monthly rent in ZIP 97140 (Sherwood, OR) is $2,485. This is based on aggregated data from public sources and community submissions.

How does ZIP 97140 rent compare to the US average?

ZIP 97140's median rent of $2,485/mo is $520 (26%) above the US national median of $1,965/mo.

How does ZIP 97140 compare to other ZIPs in Oregon?

ZIP 97140 is one of the pricier ZIP codes in Oregon, ranking #4 out of 116 ZIPs tracked at $2,485/mo.

How much income do you need to rent in ZIP 97140?

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 ZIP 97140. The local median household income is $123,228/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 97140?

Rent in ZIP 97140 has been relatively stable over the past year, with a 0.3% change year over year as of July 20, 2026.

Is ZIP 97140 an affordable place to rent?

ZIP 97140 is considered very affordable for renters. At $2,485/mo, rent takes approximately 24% of the local median household income ($123,228/yr). The standard benchmark is 30%. ZIP 97140 falls comfortably within that range.

What percentage of ZIP 97140 residents rent vs. own?

According to Census data, approximately 24.6% of ZIP 97140 households are renters, while 75.4% are owner-occupied. ZIP 97140 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 97140 compare to the rest of Sherwood?

ZIP 97140 sits right at the Sherwood citywide median of $2,485/mo.

When was rent data for ZIP 97140 last updated?

Rent data for ZIP 97140 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
24%
VERY AFFORDABLE

At $2,485/mo, rent takes ~24% of ZIP 97140's median household income ($123,228/yr). The standard benchmark is 30%.

ZIP 97140 24%Benchmark 30%
State income tax4.75–9.9%
Compare

How does this area stack up?

Pick another city or ZIP to compare.

Schools nearby

Public schools near ZIP 97140 (Sherwood, OR)

Recent submissions

Be the first to submit your rent for this ZIP.

Recent discussions

No discussions yet.