97140, Sherwood, OR

The Sherwood, Oregon 97140 zip code has a median home value of $236,000. This is higher than the statewide median home value of $181,500 and the national median home value of $177,200. The Sherwood 97140 zip code has a lower than average percentage of homeowners with a mortgage at just over 60%. This is lower than the statewide percentage of homeowners with a mortgage at 66% and the national percentage of homeowners with a mortgage at 69%.

There are several factors that may contribute to the high home values in the 97140 zip code. First, Sherwood is located in one of the most desirable areas in Oregon. It is close to both Portland and Salem and has plenty of amenities available nearby. Second, there are relatively few homes for sale in this zip code which may lead to increased prices. Finally, many homes in this zip code are owned by investors or people who use them as vacation properties which may also contribute to increased prices.