States › Oregon › Sherwood

Is Sherwood, OR expensive to live in?

OKRent takes 23 cents of every $1 people earn here.
🏠 Rent per month (2026)$2,26429% higher than U.S. average
💵 Families earn per year (2026)$118,598about $9,883/month · 36% higher than U.S. average
🔑 House price$602,10081% higher than U.S. average

Rent is higher than in 78% of U.S. cities. A typical house costs about 5.1 years of household income.

How much money do I need?

To rent here comfortably, you should earn about $90,560 a year. That is $44 an hour at a full-time job.

Is rent cheaper than other Oregon cities?

No. Rent here is more expensive than in most of Oregon. It is number 90 of 105 cities from cheapest to most expensive.

Sherwood
$2,264
Altamont
$1,349
Hermiston
$1,208
Cedar Mill
$1,995
Hayesville
$1,684
Ashland
$1,842
Lebanon
$1,862

How much do households earn in Sherwood?

Under $25k
3.3%
$25k–50k
13.1%
$50k–100k
37.3%
$100k–150k
21.3%
$150k+
24.4%

Share of households by yearly income. 45.7% of households earn $100,000 or more.

Rent by apartment size in Sherwood

SizeSherwoodU.S. average
1 bedroom$1,856$1,324
2 bedrooms$1,989$1,509
3 bedrooms$2,741$1,698
4 bedrooms$3,007$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Sherwood overall?

Everyday prices in Oregon overall are 3% above the U.S. average (index 103.4, U.S. = 100).

Housing
109
Goods (food, clothes…)
105
Utilities
107
Other services
100
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Sherwood, so the Oregon figure is shown.

Taxes and bills in Sherwood

🏛️ Property tax$5,474a year · 0.91% of home value · U.S. $3,119
⚡ Electric bill$126a month (typical) · U.S. $156

Life in Sherwood

Commute to work24.1 minU.S.: 26.4 min
College degree49.9%U.S.: 35.7%
Own their home72.3%U.S.: 65.2%
Below poverty line4.3%U.S.: 12.5%
Unemployment3.5%U.S.: 5.2%

Is it cheaper to rent or buy in Sherwood?

Renting is cheaper right now: about $1,914 a month less.

Renting
$2,264
Owning
$4,178

Owning assumes a typical $602,100 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $60,210 for the down payment.

Frequently asked questions

What is the average rent in Sherwood, OR?

Renting in Sherwood costs a median of about $2,264 a month in 2026, including utilities. The Oregon median is $1,811.

How much do I need to make to live in Sherwood?

To keep rent under 30% of income, you need about $90,560 a year, or $44 an hour at a full-time job.

Is Sherwood cheap or expensive?

Sherwood is rated OK: rent takes 22.9% of the typical household income of $118,598. It ranks 90th cheapest of 105 Oregon cities we track.

How much are property taxes in Sherwood?

The median homeowner in Sherwood pays $5,474 a year in property taxes, about 0.91% of the median home value.

Is Sherwood more expensive than the national average?

Overall prices in Oregon are 3% above the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Sherwood?

The median home value in Sherwood is $602,100, about 5.1 times the typical yearly household income.

20,307 people live in Sherwood. Numbers are typical (middle) values.