Total monthly cost of ownership
Cost to Own a Home in Sherwood, Oregon
A $564,000 home here costs
$4,103per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,900. The real number is $1,203 higher every month — 41% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Sherwood against Washington County and Oregon
| Measure | Sherwood | Washington County |
|---|---|---|
| Median home value | $564,200 | $558,500 |
| Median property tax | $5,251 | $4,852 |
| Effective tax rate | 0.931% | 0.869% |
| Median gross rent | $1,967 | $1,773 |
| Population | 20,227 | 600,266 |
The weather behind that power bill
Sherwood sits in Washington County, which averages a high of 82.2°F in its hottest month and a low of 32.6°F in its coldest, with 46.72" of precipitation a year and 50% of it in a single three-month stretch. That climate drives 347 cooling and 5,027 heating degree days, which is what sets the $146 electricity line above.
See the full climate breakdown for Washington County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Washington County
Full Washington County cost breakdown · Every county in Oregon
Common questions
How much does it cost to own a home in Sherwood?
A $564,000 home in Sherwood, Oregon costs approximately $4,103 per month with 20% down at 6.66%. That is $2,900 principal and interest, $438 property tax, $81 homeowners insurance, $214 utilities and $470 set aside for maintenance.
What is the property tax rate in Sherwood?
Sherwood has an effective property tax rate of 0.931%, based on a median home value of $564,200 and median real estate taxes of $5,251. That is higher than the Washington County average of 0.869%.
What is the average home price in Sherwood?
The median owner-occupied home value in Sherwood, Oregon is $564,200, against $558,500 across Washington County.
Is it cheaper to rent or buy in Sherwood?
Median gross rent in Sherwood is $1,967 a month, against $4,103 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Sherwood — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Oregon.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.