Sherwood, OR
Population 20,227 · Oregon
About Sherwood, OR
Sherwood is a mid-sized city in Oregon with a population of 20,227 residents. The median household income is $110,616 per year, which is above the national average. The median age in Sherwood is 36.1 years.
Housing in Sherwood has a median home value of $564,200 and median monthly rent of $1,967. Of the 7,136 total housing units, the majority are owner-occupied, with 5,187 owner-occupied and 1,830 renter-occupied units.
The unemployment rate in Sherwood is 3.4% and the poverty rate is 4.0%. 49.5% of residents hold a bachelor's degree or higher. The average commute time is 23.8 minutes.
How Sherwood Ranks in Oregon
Cost of Living in Sherwood, OR
Compared to national averages, Sherwood has a median household income of $110,616 (47% above the national median of $75,149). Home values average $564,200, which is 130% above the national median. Monthly rent at $1,967 is 69% above the US average of $1,163. Within Oregon, Sherwood's income is 45% above the state average of $76,196, and home values are 48% above the state median of $382,095.
Why Live in Sherwood, OR?
Sherwood offers a strong local economy with a median household income of $110,616, well above the national average, and a strong job market with an unemployment rate of just 3.4%, and a well-educated community where 49.5% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 4.0%, better than the national average, and short commute times averaging just 23.8 minutes.
Potential considerations include a competitive housing market where the typical home costs $564,200. However, Sherwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Sherwood has a population of 20,227 with a median age of 36.1 years. Compare Sherwood with other cities to see how it stacks up, or explore all cities in Oregon.
Similar Cities Near Sherwood
Cities in Oregon with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Altamont | 19,844 | $56,236 | $222,600 | Compare |
| Cedar Mill | 19,482 | $167,037 | $839,200 | Compare |
| Hermiston | 19,406 | $67,128 | $244,700 | Compare |
| Milwaukie | 21,256 | $82,422 | $477,200 | Compare |
| Central Point | 19,183 | $80,450 | $357,700 | Compare |
| Ashland | 21,343 | $71,782 | $573,700 | Compare |
| Lebanon | 18,978 | $56,740 | $295,900 | Compare |
| Klamath Falls | 21,879 | $47,268 | $257,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Oregon
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Sherwood
What is the population of Sherwood, OR?
The population of Sherwood, OR is 20,227 according to the latest Census data.
What is the median household income in Sherwood?
The median household income in Sherwood, OR is $110,616 per year.
What is the median home value in Sherwood?
The median home value in Sherwood, OR is $564,200.
What is the average rent in Sherwood?
The median monthly rent in Sherwood, OR is $1,967.
What is the unemployment rate in Sherwood?
The unemployment rate in Sherwood, OR is 3.4%.