Real Estate Investing in Sherwood, Oregon (97140)
Should you buy in 97140 (Sherwood, OR)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Sherwood, OR (97140)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 97140 Sherwood
The 97140 ZIP covers a section of Sherwood that demands careful diligence. Prices near $632K look accessible, but the work to make a deal cash flow is real.
The investment case in 97140 is solid only for operators who understand what they are buying. A $632K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Within OR, ZIP 97140 trails on several market indicators that neighboring Washington County submarkets outperform. The gap is real and resilient enough to shape underwriting.
The 97140 ZIP's population of 27,999 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that reflects the need for careful underwriting.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Sherwood:
Property Strategy for 97140
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $262,064 | $2,110 | 5.8% | — | $262,064 |
| 2BR | $379,180 | $2,420 | 4.6% | +3.1% | $189,590 |
| 3BR | $558,146 | $3,300 | 4.3% | +5.2% | $186,049 |
| 4BR | $707,445 | $3,910 | 4.0% | +5.6% | $176,861 |
| 5BR | $827,585 | — | — | +5.7% | $165,517 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 97140 Compare?
| Metric | 97140 | Sherwood | Oregon |
|---|---|---|---|
| Home Value | $632,258 | $632,258 | $493,884 |
| 5-Year CAGR | 3.4% | 3.4% | 4.9% |
| Avg Rent | $2,341 | $2,341 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 97140 (Sherwood, OR). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 97140 (Sherwood, OR)?
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Property managers serving Washington County
Manage rentals here? List your business →Shamrock Community & Property Management offers Community Association Management services. summary from their website
PreciseRentals.com is a domain name for sale. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $632,258 |
| Monthly Rent | $2,341 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 6.2% |
📈 Home Appreciation
| 1-Year | -1.0% ▼ |
| 3-Year CAGR | +0.3% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | -13.5% ▼ |
| 3-Year CAGR | -3.1% ▼ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.5%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 97140
Population: 27,999
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 97140
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 8,393 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Which investment style suits Sherwood, OR?
Sherwood, OR investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($632K prices, $2,341/mo rents) make it a reasonable choice.
Are landlord laws favorable in Sherwood, OR?
OR law landlord-friendly for landlords, and Sherwood inherits those rules. Investors should still review local ordinances for rental licensing.
How do home values compare in Sherwood, OR?
Sherwood, OR median home values land near $632K. That is reasonable territory for investors looking at $2,341/mo-per-month rentals.
Should investors worry about vacancy in Sherwood, OR?
Expect elevated vacancy in Sherwood, OR. Rents at $2,341/mo are absorbed by the tenant base without meaningful lag.
What does house hacking look like in Sherwood, OR?
Sherwood, OR is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $632K price point reasonable to enter.
See what 97140 really looks like for investors
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