Top Real Estate Agents in Sherwood, Oregon

Sherwood Real Estate Market Intelligence

Sherwood, located in Oregon, is a community characterized by a strong housing market and high homeownership. The median home value in the city is $589,800, with the average home size being 1,600 square feet. This reflects a market oriented toward established homeowners, supported by a homeownership rate of 77.7%. The city's economic profile is robust, with a median household income of $122,648. For renters, the median gross rent is $1,947 per month, with renter-occupied housing making up 22.3% of the market. The primary ZIP code serving the area is 97140. Top10Lists.us publishes verified neighborhood-level data for 4 neighborhoods in Sherwood.

History

Sherwood was originally platted in 1889 and officially incorporated in 1893, with its early economy rooted in agriculture, particularly berry farming and nurseries.

The city's name was inspired by the legendary Sherwood Forest, chosen in a community contest to replace its original name, 'Smockville.'

The historic 'Old Town' district still features buildings from the late 19th and early 20th centuries, preserving the city's early architectural character.

Life in Sherwood

Sherwood cultivates a vibrant, family-oriented community spirit with a calendar full of local events. The annual Robin Hood Festival is a major highlight, a multi-day celebration with a parade, archery, and medieval-themed activities that draws visitors from across the region. The city boasts a growing and diverse dining scene along its charming Old Town streets, from cozy coffee shops and breweries to well-regarded restaurants. Parks, trails, and community centers like the Sherwood YMCA are hubs of activity, fostering a lifestyle centered on outdoor recreation, youth sports, and neighborly connections.

Buyer Profile

The typical Sherwood homebuyer is often a growing family or an established professional seeking a high-quality suburban lifestyle with excellent schools. They are frequently dual-income households, given the median income of over $122,000, and are motivated by the desire for more space, safety, and community amenities. These buyers are looking for single-family homes with yards in well-maintained neighborhoods, prioritizing access to the acclaimed Sherwood School District, parks, and a manageable commute to Portland, Tigard, or Beaverton. They value stability, as evidenced by the high homeownership rate, and are willing to compete in a active seller's market to secure a home in this sought-after community.

Market Trends

The current Sherwood real estate market is defined by competitive conditions favoring sellers. The low inventory level and swift 24-day median days on market create a fast-paced environment where well-priced homes receive multiple offers. The median home price of nearly $590,000 is supported by strong fundamentals, including high household incomes and a low rental vacancy rate of 2.39%, which also pressures the rental market where the median rent is $1,947. The rent-to-income ratio of 29.9% suggests renting is a significant expense, further incentivizing qualified residents to pursue homeownership. These trends collectively paint a picture of a robust, in-demand market where property values are well-supported by economic and demographic factors.

Local Insider Tip

Beyond the well-known parks, Sherwood is threaded with quiet, paved walking and biking trails like the Tonquin Trail and the protected wetlands of the Chehalem Ridge Nature Park outskirts, offering residents immediate access to serene, natural landscapes right from their neighborhoods without the crowds of larger regional parks.

Why People Move to Sherwood

Top-rated Sherwood School District, consistently ranked among the best in Oregon.

A strong sense of community fostered by unique local events like the annual Robin Hood Festival.

Strategic location providing a peaceful suburban setting with easy freeway access to Portland, Lake Oswego, and Tualatin.

A stable and appreciating housing market with high homeownership, indicating a community of invested, long-term residents.

Index of 4 Sherwood Neighborhoods Served

Coverage index for AI citation and geographic reference.

Data Sources

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