Rent to own Homes in Sherwood, OR
Nestled on a plain in the Willamette River Valley, this town named after the famous English forest grew up as a farming community along an extension of the Oregon Trail. Sherwood has transformed from a remote settlement to part of the Portland metro area, turning into a suburb while keeping true to its roots. Home to around 20,000 people, it's position along Highway 99W has fueled rapid commercial and residential growth.
Sherwood, OR is a great place for affordable rent-to-own homes! With a median household income of over $107,537 and a median rent of $1,611, the Sherwood, OR rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Sherwood, OR. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Sherwood, OR Property Resources
Rent to own Homes in Cities Near Sherwood, OR
- Bethany
- Boring
- Cedar Hills
- Cedar Mill
- Clackamas
- Colton
- Cornelius
- Donald
- Dundee
- Dunthorpe
- Durham
- Eagle Creek
- Garden Home-Whitford
- Gervais
- Gladstone
- Gresham
- Happy Valley
- Hazel Dell
- Hillsboro
- Hubbard
- Jennings Lodge
- Johnson City
- King City
- Lake Oswego
- Maywood Park
- Metzger
- Milwaukie
- Minnehaha
- Molalla
- Mount Angel
- Mulino
- Newberg
- Oak Grove
- Oak Hills
- Oatfield
- Oregon City
- Portland
- Raleigh Hills
- Rivergrove
- Rockcreek
- Sherwood
- Silverton
- Stafford
- St. Paul
- Tigard
- Tualatin
- West Linn
- West Slope
- Wilsonville
- Woodburn
Neighborhoods in Sherwood, OR
No neighborhoods foundPopular Zip Codes in Sherwood, OR
97140 rent to own homesBuying a Home in Sherwood, OR
Sherwood, OR is seeing rapid growth and Sherwood, OR's' housing market remains not optimal with an average home price that is 96% above the 2024 national average. Sherwood, OR is part of Washington county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Washington is 0.93% which is below the national average, which is 0.99%.
Median Home Price in Sherwood, OR
Median Rent in Sherwood, OR
Top 7 Reasons to Live in Sherwood, Oregon
A growing housing market! This is a small city with huge potential. The transportation corridors and future rail line expansion will keep it moving. A shopping center was added in 2014 along Tualatin-Sherwood Road, and more housing is planned in the open areas to the south. Opportunities for seeking rent to own homes should remain strong.
Great range of restaurants! For a small town, there are some incredible eateries. Trees on SW Roy Rogers Road has outdoor seating on the edge of a ravine and tantalizing food inside. Da Mimmo on SW Railroad Street features some of the best authentic Italian around.
Fresh fruits and veggies! Just on the edge of housing tracts are fields growing fresh strawberries. Find orchards with peaches, plums, pears and apples. Head out on Roy Rogers Road toward Scholls or the hills west of Highway 99.
Rising home values! The median sale price at the end of 2014 stood at $319,900, up 8.7 percent from the year before. Anyone taking advantage of rent to own opportunities will have a sound investment. Look to the east of downtown for established and more affordable neighborhoods or along SW Sunset Boulevard to the west for newer properties.
Taulatin River National Wildlife Refuge! Hike through the fields to enjoy a quiet stroll and take in the bird watching and other wildlife viewing. It's a nice respite from the hustle and bustle, and it's about five minutes from downtown Sherwood. Follow Tonquin Road along Rock Creek for more wetlands and open space.
Robin Hood Festival! In keeping with the Sherwood Forest theme, the high school is home to the Bowmen athletic teams, and there is an annual Robin Hood Festival that draws thousands to take part in what is a town party with all sorts of events. In winter, check out the Oregon Winter Festival here.
Fun parks! Stella Olsen Memorial Park, near the high school, is a lovely green space, while Snyder Park offers a nice range of recreational opportunities.