Housing market/Oregon/ZIP 97140
ZIP 97140 Sherwood, Oregon
Portland-Vancouver-Hillsboro, OR-WA MSA · Oregon. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 97140 · OR — sent to you.
ZIP 97140 · OR
ACS rent vs 2BR SAFMR
ZIP 97140 — Sherwood, OR HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 97140
- 1-unit detached7,26376.1%
- 1-unit attached6927.3%
- 2–4 units4454.7%
- 5–49 units5625.9%
- 50+ units3804.0%
- Mobile1982.1%
2–4 unit share 4.7% · 5–49 unit share 5.9% · combined 2–49 10.6%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,934 (all bedrooms, occupied rentals).
- Median contract rent $1,779.
- Renters paying ≥30% of income 45.7%; ≥50% 12.6%.
- FY2027 2BR SAFMR $2,340 (1.210× ACS median gross rent).
Population
27,999 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +10.1%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 1 projects, 24 units.
- HUD project-based assisted MF: 1 properties, 24 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 211 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 97140 22.9% of occupied households are renters; vacancy is 2.8%; ACS median gross rent is $1,934; population increased +10.1% between the 2018 and 2023 ACS vintages; the housing stock includes 445 units in 2–4-unit structures and 562 units in 5–49-unit structures; 1 LIHTC projects totaling 24 units; FY2027 2BR SAFMR is $2,340 versus ACS median gross rent of $1,934. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Oregon research
ZIP 97140 is a Census / HUD profile for Portland-Vancouver-Hillsboro, OR-WA, OR. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 97140 — Sherwood, OR HUD Section 8 Payment Standards / SAFMR·Oregon ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Oregon research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 97140?
ZIP 97140 (Portland-Vancouver-Hillsboro, OR-WA MSA) has 27,999 residents, 9,278 households, a renter share of 22.9%, median household income of $119,241, and ACS 2023 median gross rent of $1,934. Vacancy is 2.8%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 97140?
ACS counts 125 units in 2-unit buildings, 320 in 3–4 unit buildings, 409 in 5–9, 26 in 10–19, and 127 in 20–49. Combined 2–49 unit stock is 1,007 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 97140?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $2,340. See the full schedule and 90–110% payment-standard band on the ZIP 97140 — Sherwood, OR HUD Section 8 Payment Standards / SAFMR.
Does this Oregon ZIP profile include Georgia listings?
No. ZIP 97140 is Census / HUD research for Portland-Vancouver-Hillsboro, OR-WA MSA. Jeff Crowe CRE does not list Oregon property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.