Sherwood, OR
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sherwood Neighborhoods Since 2000




Sherwood, OR Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sherwood Housing Market Information

With a population of 19,283, 6,561 total housing units (homes and apartments), and a median house value of $422,968, Sherwood house prices are not only among the most expensive in Oregon, Sherwood real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Sherwood, accounting for 72.16% of the city's housing units. Other types of housing that are prevalent in Sherwood include large apartment complexes or high rise apartments ( 13.46%), row houses and other attached homes ( 6.55%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.06%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sherwood. Owner-occupied housing accounts for 74.21% of Sherwood's homes, and 75.60% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sherwood built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sherwood built between 2000 and later ( 36.53%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.13%). There's also some housing in Sherwood built before 1939 ( 3.00%).

Sherwood Home Appreciation Rates

Appreciation rates for homes in Sherwood have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 9.59%, which ranks in the top 30% nationwide. This equates to an annual average Sherwood house appreciation rate of 0.92%.

Appreciation rates are so strong in Sherwood that despite a nationwide downturn in the housing market, Sherwood real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sherwood appreciation rates continue to be some of the highest in America, at 10.01%, which is higher than appreciation rates in 93.88% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sherwood. Sherwood appreciation rates in the latest quarter were at 2.08%, which equates to an annual appreciation rate of 8.56%.

Importantly, this makes Sherwood one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Oregon, our data show that Sherwood's latest annual appreciation rate is higher than 60% of the other cities and towns in Oregon.

Average Home Values

 

Median Home Value:
$422,968

Sherwood, OR HOME PRICES

Value Range
> $1,345,000 1.8
$1,009,001 - $1,345,000 3.1
$672,001 - $1,009,000 7.6
$538,001 - $672,000 14.9
$404,001 - $538,000 25.0
$269,001 - $404,000 31.9
$135,001 - $269,000 10.8
$67,001 - $135,000 1.8
$0 - $67,000 3.1

Very High for OR
Very High for Nation

Value Relative to Nation Value Relative to State
8.41439118715575 8.69565217391304

Number Of Homes And Apartments:
6,561

Sherwood Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
OR*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
85.23% 3.64% 9 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,735 / per month

Homeownership Rate

Homeownership
Owners 74.21
Renters 25.79
Vacant 2.10

Housing Market Details

 

Age of Homes

AGE OF Sherwood HOMES
2000 or Newer 36.5
1970 - 1999 54.3
1940 - 1969 6.1
1939 or Older 3.0

Types of Homes

TYPE OF Sherwood HOMES
Single-Family 72.2
Townhomes 6.6
Small Apt. Buildings 5.1
Apt. Complexes 13.5
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Sherwood HOMES
No Bedroom 0.27
1 Bedroom 5.34
2 Bedrooms 13.68
3 Bedrooms 51.06
4 Bedrooms 24.54
5 or more bedrooms 5.10