The story of this market
The typical home in ZIP 97140 sells for about $587,000, or $305 per square foot.
Prices are up +3% from a year ago, so sellers still have some momentum. Homes take about 33 days to sell. HUD's fair market rent for a two-bedroom is $2,073 a month.
ZIP 97140 — Sherwood
The Sherwood housing market is currently in a state of relative equilibrium, characterized by low inventory and steady demand. While median prices have seen modest growth, the market remains a seller's advantage due to limited supply. Buyers are increasingly sensitive to interest rates, leading to a stable but cautious pace of sales.
This ZIP is ideal for families seeking high-quality schools and a suburban lifestyle, as well as professionals commuting to the Portland metro area. It is less suited for those seeking an urban, high-density environment.
Median prices moved up 3.0% year over year.
Homes spend a median of 33 days on market with 2.7 months of supply — a fast-moving market.
25% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.5% · poverty 3.8% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.8%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 97140, Washington County OR
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Sherwood generally reports low crime rates compared to the broader Portland metropolitan area, with property crime being the primary concern. The community is widely considered safe and family-oriented.
The Sherwood School District is highly regarded, with most schools maintaining strong performance ratings and high graduation rates. It is a primary driver for families moving into the area.
The area faces moderate risks related to seasonal wildfire smoke and occasional winter storm impacts. Flood risk is generally low, though localized areas near the Tualatin River require standard monitoring.
Sherwood maintains steady growth as a suburban hub for the Portland metro area, with ongoing residential development and a focus on preserving its small-town character. Major employment is concentrated in nearby tech and manufacturing corridors.
Property taxes are assessed by Washington County based on the real market value of the property, subject to Oregon's constitutional limits on assessed value growth. Special districts include local school, fire, and library levies.
Commuters primarily utilize Highway 99W to reach employment centers in Tigard, Tualatin, and downtown Portland. Traffic congestion during peak hours is a common challenge for residents.
The area features extensive parks and trail systems, including the Tualatin River National Wildlife Refuge nearby. Residents have access to local golf courses and a historic downtown district with boutique shopping and dining.
The rental market is characterized by low vacancy rates and high demand, driven by families seeking access to the school district. Short-term rental activity is strictly regulated by city ordinances.
The local economy is supported by a mix of light manufacturing, professional services, and retail. Many residents commute to major employers in the Silicon Forest tech corridor.
Transportation is heavily reliant on private vehicles, with Highway 99W serving as the primary artery. Public transit options are limited compared to the urban core.
The city is focused on managed growth through the Sherwood West Concept Plan, balancing new housing with infrastructure capacity.
Parcels are subject to Washington County property taxes, Sherwood School District levies, and various local utility and fire district assessments.
Property insurance premiums are stable but sensitive to regional wildfire risk assessments and general construction cost inflation.
Data retrieved from US Census Bureau ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Hopscotch Portland4.814.6 mi
- Oaks Amusement Park4.412.4 mi
- Langer's Entertainment Center4.41.3 mi
- Wings & Waves Waterpark4.117.7 mi
- Bullwinkle's4.45.9 mi
- Moda Center4.515 mi
- Providence Park4.613.8 mi
- Oregon Convention Center4.515 mi
- Portland Art Museum4.613.7 mi
- Revolution Hall4.614.9 mi
- Oregon Zoo4.512.4 mi
- Oaks Amusement Park4.412.4 mi
- Cinemark Cedar Hills 164.59.7 mi
- Hoyt Arboretum4.912.8 mi
- Washington Park4.712.9 mi
- Portland Japanese Garden4.613.1 mi
- OMSI4.513.9 mi
- The Grotto4.719.2 mi
- Hopscotch Portland4.814.6 mi
- Portland Art Museum4.613.7 mi
- Hoyt Arboretum4.912.8 mi
- Washington Park4.712.9 mi
- Cook Family Park4.75 mi
- Sellwood Riverfront Park4.612 mi
- Gabriel Park4.710.4 mi
- Portland Yacht Club4.719.4 mi
- Riverplace Marina4.613.7 mi
- Fred's Marina4.417.9 mi
- Tomahawk Bay Marina4.319.5 mi
- eNRG Kayaking4.812.6 mi
- RedTail Golf Center47.9 mi
- The Reserve Vineyard & Golf Club4.68.9 mi
- Langdon Farms Golf Club4.57.6 mi
- Meriwether National Golf Club4.39.1 mi
- Charbonneau Golf Club4.47.2 mi
- Washington Square4.47.2 mi
- Uwajimaya Beaverton4.79.3 mi
- Bridgeport Village4.45.8 mi
- WinCo Foods4.49.7 mi
- WinCo Foods4.57.3 mi
- Portland International Airport4.520.2 mi
- Providence Saint Vincent Hospital Heliport4.611.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Large protected area offering trails and wildlife viewing.
Historic district with local restaurants and community events.
Popular community park with sports facilities and playgrounds.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.