Sherman County, Oregon Housing Market Prices
Sherman County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 46% below the Oregon median Cheaper than 80% of counties in Oregon$218,750
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Median rent 32% below the Oregon median$1,032
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sherman County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $218,750 | $406,603 | $248,835 |
| Price Trend (Annual %) | 0.3% | 9.4% | 7.5% |
| Median Gross Rent | $1,032 | $1,525 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 6.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sherman County is about 46% lower than in Oregon. Rent is about 32% lower than the Oregon average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2019
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Sherman County, up about 0.3% and 4.1% a year respectively. Rent is changing faster.
Median rent in Sherman County rose about 47.1% between 2015 and 2024, from $701 to $1,032. Over the same span, rent in Oregon rose about 68.2%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Sherman County.
Buying the median-priced home in Sherman County costs roughly 17.7 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sherman County. The price-to-rent ratio in Oregon is about 22.2.
| Metric | Sherman County | Oregon Avg | US Average |
|---|---|---|---|
| Median Home Price | $218,750 | $406,603 | $248,835 |
| Median Household Income | $60,469 | $83,617 | $80,455 |
| Price-to-Income Ratio | 3.6 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2019, the median home price in Sherman County rose about 1.0%, while median household income rose about 64.1% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Sherman County | Oregon Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 54.7% | 58.6% | 58.5% |
| Rental Rate | 28.3% | 33.9% | 31.2% |
| Vacancy Rate | 17.0% | 7.5% | 10.2% |
| Median Tenure (years) | 17.0 | 13.0 | 15.0 |
| Median Year Moved In | 2009 | 2013 | 2011 |
Sherman County has a homeownership rate of 54.7%, lower than the Oregon average of 58.6%. Its housing vacancy rate is 17.0%, compared with 7.5% in Oregon.
Housing Stock
| Metric | Sherman County | Oregon Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.41 people | 2.53 people |
| Median Structure Built Year | 1965 | 1980 | 1978 |
| Median Number of Rooms | 6.1 | 5.3 | 5.5 |
The typical housing unit in Sherman County was built around 1965. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 17.0 years on average.
Sherman County, OR Housing Compared With Nearby Counties
How Sherman County, OR compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sherman County, OR | 1,937 | $218,750 #2/2 | $1,032 #1/2 | 65.9% #2/2 |
| Wasco County, OR | 26,553 | $333,688 | $1,008 | 67.5% |
Frequently Asked Questions
Common questions about the housing market in Sherman County, Oregon.
What is the median home price in Sherman County, Oregon?
The median home price in Sherman County, Oregon is $218,750, lower than the Oregon average of $406,603.
What is the average home price in Sherman County, Oregon?
The typical home price in Sherman County, Oregon, reported as the median sale price, is $218,750. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Sherman County, Oregon?
The median gross rent in Sherman County, Oregon is $1,032 per month, lower than the Oregon average of $1,525.
What was the median gross rent in Sherman County in 2020?
In 2020, the median gross rent in Sherman County, Oregon was $843 per month.
What is the price-to-rent ratio in Sherman County, Oregon?
The price-to-rent ratio in Sherman County, Oregon is about 17.7, meaning it would take roughly 17.7 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Sherman County.
Are home prices or rent rising faster in Sherman County, Oregon?
Both home prices and rent are rising in Sherman County, up about 0.3% and 4.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Sherman County, Oregon?
54.7% of households in Sherman County, Oregon own their home, lower than the Oregon average of 58.6%.
What is the vacancy rate in Sherman County, Oregon?
The housing vacancy rate in Sherman County, Oregon is 17.0%, higher than the Oregon average of 7.5%.
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