Sherwood, Oregon Affordable Housing

Affordable Housing programs support 68 income based apartments in Sherwood where households pay rent based on how much they earn.

There are 24 affordable apartments in Sherwood that offer reduced rents to low-income households.

Waiting Lists in Sherwood, Oregon

There are no open Section 8 Housing Choice Voucher waiting lists in Sherwood. Go to the Oregon Section 8 Waiting Lists page for openings near Sherwood.

Stewart Terrace

21754 N Sherwood Blvd
Sherwood, Oregon
Call For Rent
1-2 BR
Rent Assisted

Carriage Place

995 N Sherwood Blvd
Sherwood, Oregon
Affordable

Pacific Park Sherwood Apartment

21961 Sw Sherwood Blvd
Sherwood, Oregon
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Affordable Housing Near Sherwood

View affordable apartments and waiting lists in cities near Sherwood

City Apartments
Hillsboro, OR Affordable Housing programs support 22 apartment communities in Hillsboro.
Beaverton, OR Affordable Housing programs support 21 apartment communities in Beaverton.
Tigard, OR Affordable Housing programs support 14 apartment communities in Tigard.
Forest Grove, OR Affordable Housing programs support 11 apartment communities in Forest Grove.
Aloha, OR Affordable Housing programs support 10 apartment communities in Aloha.

Public Housing Agencies Serving Sherwood, Oregon

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Housing Authority Programs
Housing Authority of Washington County Section 8 Housing Choice Voucher (HCV); Public Housing; Family Self-Sufficiency; Veteran Affairs Supportive Housing (VASH); Section 8 Project-Based Voucher (PBV); Mainstream Voucher
Go to the Oregon Public Housing and Low-Income Apartments Waiting Lists page for openings near Sherwood.

Sherwood, Oregon Affordable Housing Data

Income Based Apartments in Sherwood, Oregon

Sherwood features 68 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Sherwood, Oregon

There are 24 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Sherwood.

Housing Choice Vouchers in Sherwood, Oregon

On average, Section 8 Housing Choice vouchers pay Sherwood landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Sherwood.

The maximum amount a voucher would pay on behalf of a low-income tenant in Sherwood, Oregon for a two-bedroom apartment is between $1,655 and $2,023.

2023 Sherwood, Oregon Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Sherwood, Oregon Fair Market Rent $1,500 $1,610 $1,839 $2,574 $2,995
Sherwood, Oregon Payment Standard Range $1,350 to $1,650 $1,449 to $1,771 $1,655 to $2,023 $2,317 to $2,831 $2,696 to $3,295

Sourced from federal housing data and AffordableHousingOnline.com research.

Sherwood, OR Affordable Housing Snapshot

Total Affordable Apartment Properties 3
Total Low Income Apartments 92
Total Housing Units with Rental Assistance 68
Percentage of Housing Units Occupied By Renters 25.74%
Average Renter Household Size 2.53
Average Household Size 2.88
Median Household Income $80,107 ±$8,699
Median Rent $1,261 ±$97
Percentage Of Renters Overburdened 43.22% ± 8.3pp
Total Population 18,880

Population and Household Demographics

Sherwood is a city in Washington County, Oregon with a population of 18,880. There are 6,561 households in the city with an average household size of 2.88 persons. 25.74% of households in Sherwood are renters.

Income and Rent Overburden in Sherwood

The median gross income for households in Sherwood is $80,107 a year, or $6,676 a month. The median rent for the city is $1,261 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Sherwood, a household making less than $4,203 a month would be considered overburdened when renting an apartment at or above the median rent. 43.22% of households who rent are overburdened in Sherwood.

Area Median Income In Sherwood

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Sherwood, the AMI is calculated from all households within Washington County.

In Sherwood, HUD calculates the Area Median Income for a family of four as $106,500

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Sherwood

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Sherwood

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Sherwood AMI may qualify for rental assistance programs that target Extremely Low Income households.
$22,400 $25,600 $28,800 $31,950 $34,550 $37,190 $41,910 $46,630
50% AMI Income Limits
Renters earning up to 50% of the Sherwood AMI may qualify for rental assistance programs that target Very Low Income households.
$37,300 $42,600 $47,950 $53,250 $57,550 $61,800 $66,050 $70,300
80% AMI Income Limits
Renters earning up to 80% of the Sherwood AMI may qualify for rental assistance programs that target Low Income households.
$59,650 $68,200 $76,700 $85,200 $92,050 $98,850 $105,650 $112,500