Complete Housing Cost Breakdown for Sherwood

The Housing Market in Sherwood Today

Sherwood, Oregon is a growing suburb located just southwest of Portland, known for its small-town charm and high quality of life. The city’s proximity to major employers like Intel and Nike, along with its strong school system, has made it an attractive destination for families and professionals alike. This steady demand, combined with limited housing inventory, has put upward pressure on both home prices and rents in recent years.

Compared to nearby cities like Tigard and Tualatin, Sherwood’s housing market tends to be slightly more expensive, reflecting the premium that many are willing to pay for the city’s amenities and family-friendly atmosphere. However, prices remain more affordable than in Portland proper, making Sherwood an appealing option for those seeking a suburban lifestyle within commuting distance of the city.

As Sherwood continues to grow and attract new residents, understanding the full costs of housing – whether renting or buying – is essential for anyone looking to make the city their home. From rent and mortgage payments to property taxes and HOA fees, there are a variety of factors to consider when evaluating the true affordability of housing in Sherwood.

Renting in Sherwood: Typical Costs and Trends

For those looking to rent in Sherwood, prices can vary depending on the size and location of the apartment. As of 2025, a typical one-bedroom apartment in Sherwood ranges from $1,200 to $1,600 per month, while a two-bedroom unit can cost anywhere from $1,500 to $2,000 monthly. These prices are on par with other suburban communities in the Portland metro area, but notably higher than in more rural parts of Oregon.

Rents tend to be highest in newer apartment complexes and those located close to amenities like shopping, dining, and parks. The Sherwood Old Town district, with its walkable streets and charming shops, commands some of the highest rents in the city. Apartments further from the city center or in older buildings may offer more affordable options, but still tend to be priced above the regional average.

Many of Sherwood’s renters are young professionals and families who appreciate the city’s high-quality schools and safe neighborhoods. Commuters also make up a significant portion of the rental market, drawn by Sherwood’s proximity to major employers in the Portland area. With Highway 99W running through the heart of the city, residents can reach downtown Portland in about 30 minutes, traffic permitting.

Owning a Home in Sherwood: Prices, Taxes, and HOA Fees

For those looking to buy a home in Sherwood, the median sales price as of 2025 is around $550,000. This represents a significant increase from just a few years prior, reflecting the strong demand for housing in the city. Prices can vary widely depending on the size, age, and location of the property, with larger new construction homes in desirable neighborhoods often selling for $700,000 or more.

In addition to mortgage payments, homeowners in Sherwood must also budget for property taxes. The current property tax rate in Washington County, where Sherwood is located, is around 1.5% of assessed value. For a home with a taxable value of $500,000, this translates to an annual property tax bill of approximately $7,500, or $625 per month.

Many of Sherwood’s newer neighborhoods also have Homeowners Associations (HOAs) that charge monthly or annual fees. These fees can range from $200 to $500 per month and typically cover the maintenance of common areas, amenities like pools and fitness centers, and services such as trash removal and landscaping. While HOA fees can add significantly to the monthly cost of homeownership, many residents find that the amenities and maintained appearance of the community are worth the expense.

Apartment vs House in Sherwood: Side-by-Side Costs

Utility & Upkeep Differences

In addition to the base costs of rent or mortgage payments, utilities and maintenance expenses can vary significantly between apartments and houses in Sherwood. Apartment renters typically pay for electricity, internet, and sometimes water/sewer, while the property owner covers the remaining utilities and all maintenance and repair costs. This can make budgeting easier and provides greater predictability in monthly expenses.

Homeowners, on the other hand, are responsible for all utilities, which can fluctuate seasonally based on Sherwood’s mild but wet climate. Heating costs tend to be higher in the winter months, while water bills may increase in the summer due to lawn irrigation. Homeowners must also budget for ongoing maintenance and unexpected repairs, such as a leaky roof or failed appliance, which can add hundreds or even thousands to the monthly cost of ownership.

5-Year Rent vs Buy Outlook

Over a five-year period, the cost difference between renting and buying in Sherwood can be significant. Assuming a 2-bedroom apartment rent of $1,750 and a 3-bedroom home purchase price of $550,000 (with 20% down), the total cost of renting over five years would be approximately $105,000, while the cost of owning would be around $260,000, not including the opportunity cost of the down payment.

However, this comparison doesn’t account for the potential appreciation of the home, which has averaged around 4% annually in Sherwood over the past few years. Assuming this rate continues, the home would be worth over $665,000 after five years, giving the homeowner a net worth boost of over $115,000, even after accounting for selling costs. Of course, home appreciation is never guaranteed, and factors like maintenance needs and neighborhood changes can impact a home’s value.

Ultimately, the decision between renting and buying in Sherwood depends on individual circumstances, including income stability, long-term plans, and comfort with the responsibilities of homeownership. For those who value flexibility and predictable monthly costs, renting may be the better choice. But for those who plan to stay in Sherwood for the long haul and can afford the upfront costs, buying a home can provide a sense of stability and the potential for significant financial gain over time.

FAQs About Housing Costs in Sherwood

• How much are HOA fees in Sherwood?
  HOA fees in Sherwood typically range from $200 to $500 per month, depending on the amenities and services provided by the community.
• What is the property tax rate in Sherwood?
  The property tax rate in Washington County, where Sherwood is located, is around 1.5% of assessed value as of 2025.
• Is renting cheaper than buying long-term in Sherwood?
  Over a five-year period, renting in Sherwood is typically cheaper than buying, but this doesn’t account for the potential appreciation of a purchased home.
• Do houses have higher utility costs than apartments?
  Yes, houses in Sherwood generally have higher utility costs than apartments due to their larger size and the responsibility of the homeowner to pay for all utilities, including water, sewer, and trash.
• What’s the monthly cost difference between apartments and houses in Sherwood?
  As of 2025, the monthly cost difference between renting a 2-bedroom apartment and owning a 3-bedroom house in Sherwood is around $2,400, not including the opportunity cost of a down payment.

Making Smart Housing Choices in Sherwood

Sherwood’s housing market offers a range of options for renters and buyers alike, but making smart choices requires a clear understanding of the full costs involved. By considering not just the monthly rent or mortgage payment, but also property taxes, HOA fees, utilities, and maintenance expenses, residents can develop a more accurate picture of what they can afford and what tradeoffs they may need to make.

For those considering a move to Sherwood, it’s important to weigh housing costs against other key factors like commute times, school quality, and access to amenities. Tools like the [Cost of Living in Sherwood, OR: What You’ll Really Spend in 2025](/sherwood-or/cost-overview/) can provide a helpful overview of the expenses residents can expect, from groceries and utilities to transportation and entertainment.

Ultimately, whether renting or buying, finding the right housing fit in Sherwood requires careful budgeting, long-term planning, and a clear sense of one’s priorities. By doing the research and running the numbers, residents can make informed choices that set them up for financial stability and a high quality of life in this desirable Portland suburb. To get a full picture of monthly expenses, check out [How Much It Costs to Live in Sherwood Each Month](/sherwood-or/monthly-budget/). And for those planning a move, our guide on [Pods vs trucks: which move is best for you?](https://indexyard.com/best-moving-companies-guide/) can help simplify the process.