Area Guide No. 3
Washington County · 97140 · About 15 miles southwest of downtown Portland
Sherwood is a family-focused city of roughly 20,500 people in the Tualatin Valley, about 15 miles southwest of downtown Portland. It pairs one of Washington County's top-rated school districts with a genuinely walkable Old Town, a national wildlife refuge on its southern edge, and a housing market that runs below West Beaverton for comparable homes. Buyers choose it for the schools, the small-town community, and the honest trade-off of a few extra minutes on Highway 99W.
Sherwood · Washington County · 97140 · Oregon
Sherwood, Oregon · Washington County · 97140
The latest verified news about the major employers and companies that anchor this area, with sources cited. Each item links to the reporting outlet that published it.
01
Lam Research is investing up to $1.5 billion in its Tualatin-area expansion, anchored by a new R&D lab that adds roughly 400 local jobs.
The 120,000-square-foot facility, expected to open in 2028, will expand clean-room lab capacity by more than 50% and deepen Lam's Silicon Forest presence, which includes its plant in nearby Sherwood. OPB covered the groundbreaking in August 2026.
Source: OPB, August 26, 2026
02
Washington County and Tualatin approved a tax-break agreement allowing Lam Research to reinvest up to $1.7 billion locally through 2041.
OregonLive reported in July-August 2026 that the Strategic Investment Program agreement projects roughly $84 million in local property taxes and fees, with the Portland Business Journal pegging the expansion at 445 permanent jobs.
03
Sherwood's Highway 99W pedestrian bridge was named the 2026 APWA Project of the Year in the structures category.
The City of Sherwood announced on October 6, 2026 that the bridge, in the $25 million to $75 million category, earned the American Public Works Association recognition. It is the most prominent recent public work in the city, linking downtown Sherwood to the 99W corridor.
Monthly Market Snapshot
Sherwood's September figures show a competitive but slower market: the median slipped slightly year over year while homes continued to sell in about four weeks. Figures are the latest published by the public sources cited below and were retrieved on November 3, 2026.
Median Sale Price
$622,204
Down 1.2% year over year
All home types, Redfin, September 2026. A month-over-month change was not published by the cited sources.
Median Days on Market
~28 days
Down from 31 days a year earlier
Redfin, three months ending September 2026.
Homes for Sale
553
ZIP 97140, September 2026
RealtyTrac listed-home inventory for the 97140 ZIP that covers Sherwood, September 2026.
New Listings
2,487
Up 1.9% from August 2026
Portland Metro, RMLS Market Action, September 2026. City-level new-listing counts are not published by the cited independent public sources.
Total Market Time
68 days
Up from 57 days in August 2026
Average days from listing to accepted offer, Portland Metro, RMLS Market Action, September 2026.
Pending Sales
1,760
Down 12.6% from August 2026
Portland Metro, RMLS Market Action, September 2026.
Prices are off just over 1% from last year while the market still turns quickly, so a strong offer with reasonable terms remains the winning play. Comparing several neighborhoods and price bands is easier now that inventory is larger.
Homes sell in under a month on average, and buyers are still active, but the softer median means pricing at current comparables is essential. A well-prepared listing priced correctly in the first week still outperforms one that tests the market.
Sources & data date
Fair Housing note: These figures describe the area as a whole and vary by neighborhood, home type, and price range. Penner Group Properties is committed to the Fair Housing Act and to equal opportunity in housing, and we do not steer buyers toward or away from any community.
A quiet street in Sherwood, minutes from Old Town
01 · Area Highlights
Sherwood began as Smockville, a farm town settled in the 1850s along the Oregon City-Lafayette wagon road, and was renamed in 1891 after the Michigan hometown of a local businessman. That history is still visible in Old Town, where brick storefronts, the Cannery Square plaza, and the Robin Hood Festival, a community tradition since 1954, keep the town's identity alive.
The big draw today is the balance. The Sherwood School District is rated an A by Niche and ranks first among Washington County districts. The Tualatin River National Wildlife Refuge, 1,856 acres of protected floodplain on the town's southern edge, is one of the region's best free outdoor destinations. And homes here run below West Beaverton and much of Tigard for comparable houses, which makes the 15-mile commute on 99W a trade many families happily make.
01b · Navigable Map
Pan, zoom, and drag around this live map to get your bearings before you even call us: pin Old Town, Cannery Square, the school campuses, the refuge on the southern edge, and the neighborhoods this guide covers.
Sherwood, Oregon · Washington County · 97140
02 · Community Detail
Sherwood's population is around 20,500, with a family-heavy mix of long-time residents and young households drawn by the schools. ZIP 97140 covers the city and its rural fringe, and the town's identity is distinctly residential: most residents commute to jobs elsewhere in the metro, which keeps Sherwood quiet, safe, and community-oriented.
The neighborhoods split into a few distinct markets. Old Town is the walkable historic core around City Hall, with bungalows on modest lots, shops, cafés, and the Saturday Market. The newer west and south edges hold most of the town's subdivisions, with larger single-family homes and newer floor plans. Woodhaven Crossing and the Forest Creek corridor offer condos and townhomes that keep an entry point below the single-family median. And the Tualatin River edge, closest to the refuge, trades a little commute distance for genuine open space.
Sherwood School District 88J serves the city with four K-5 elementaries (Archer Glen, Hawks View, Middleton, and Ridges), Sherwood Middle School, Sherwood High School, and Sherwood Charter School, a public K-8 charter. Every elementary feeds into the same middle and high school, and the high school campus opened in 2021. Boundaries are assigned by home address, so we always verify the feeder school for a specific property before you commit.
Cannery Square, the heart of Old Town
Business parks across the Tualatin Valley anchor the local economy
03 · Major Employers
Sherwood is largely a commuter suburb, so the region's biggest employers sit minutes away in Tualatin, Tigard, and Beaverton. Locally, the anchors are public and community institutions. Here are the ones shaping the economy:
The city's largest employer, with four K-5 elementaries, Sherwood Middle School, and Sherwood High School employing hundreds of teachers, staff, and administrators. The district is also the reason most families move here in the first place.
Municipal government runs the city utilities, parks, library, and public works, making it one of the town’s most stable local employers and a major presence in Old Town.
A major community employer and gathering place, running childcare, aquatics, fitness, and youth programs that serve families across the southwest Portland suburbs.
An engineering and manufacturing firm in Sherwood specializing in cranes and material-handling equipment for commercial and U.S. Navy applications, one of the town's largest private employers.
The semiconductor-equipment maker's large manufacturing campus in neighboring Tualatin employs roughly 4,000 people, making it one of the largest employers in the southwest Portland suburbs and a big part of the region's Silicon Forest economy.
Nike's Beaverton world headquarters and Intel's Hillsboro campuses are a practical commute from Sherwood, and Legacy Meridian Park Hospital in Tualatin anchors the area's health care. The Tonquin Employment Area is being developed for advanced manufacturing and clean-tech companies, with the Willamette Water Treatment Plant on the way.
04 · Restaurant Guide
Sherwood's dining scene is small but friendly, split between the historic Old Town blocks and the Langer Farms Parkway corridor at the edge of town. Some of our favorites, by area:
Fat Milo's
VisitA local favorite for breakfast and lunch in a friendly old-town setting, and the first stop we send relocating families to get a feel for Sherwood.
16147 SW Railroad St
Clancy's
VisitA classic neighborhood tavern on First Street with pub food, a friendly bar, and a loyal local crowd.
16066 SW 1st St
503 Uncorked
VisitA wine bar and restaurant on Washington Street with small plates and a rotating list of Oregon wines.
22578 SW Washington St
Symposium Coffee
VisitThe neighborhood coffeehouse on Pine Street with a loyal local following, the right stop before a walk through Old Town.
22461 SW Pine St
Araceli's Cocina
VisitA family-run Mexican kitchen on First Street serving homestyle tacos, burritos, and plates.
16198 SW 1st St
The Old Spaghetti Factory
VisitThe classic Italian restaurant in its familiar train-car setting, a dependable pick for family dinners.
21192 SW Langer Farms Pkwy
KOMO Sushi
VisitA neighborhood sushi spot on Langer Farms Parkway with rolls, nigiri, and lunch specials.
21558 SW Langer Farms Pkwy #108
Killer Burger
VisitThe Pacific Northwest burger chain known for bacon-heavy, sauce-forward burgers.
21332 SW Langer Farms Pkwy #130
Koba Grill
VisitA quick-service Korean grill with bowls, bulgogi, and generous portions.
21370 SW Langer Farms Pkwy #136
Mazatlan Restaurant
VisitA long-running Mexican restaurant on Tualatin-Sherwood Road known for generous plates and margaritas.
16055 SW Tualatin-Sherwood Rd
Sawatdee Thai Cuisine
VisitA small, well-regarded Thai kitchen on Roy Rogers Road with curries, noodles, and friendly service.
20649 SW Roy Rogers Rd #304
Worth the short drive: the wineries on Sherwood's rural fringe, including Hawks View Winery and Alloro Vineyard, are minutes from Old Town, and Tigard's Bridgeport Village adds a full dining and shopping scene just up 99W.
From Old Town taverns to the Langer Farms corridor
The Tualatin River refuge, Sherwood's best-known natural asset
05 · Activities
Sherwood's parks, the refuge, and Old Town's event calendar give the town more weekend life than its size suggests. Here is how locals spend their time:
The 1,856-acre refuge on Sherwood’s southern edge, managed by the U.S. Fish and Wildlife Service, is home to nearly 200 bird species and more than 150,000 visitors a year. Walk the River Trail or the Nature Trail to the wetland overlook; it is free and open dawn to dusk.
Sherwood's signature event, held in Old Town every third weekend of July since 1954. The 73rd annual festival runs July 17-18, 2026, with a parade, knightly ceremonies, a Renaissance Village, archery, and live music, drawing nearly 20,000 people.
The town’s big community park at 15365 SW Sunset Blvd: 22.7 acres with a splash pad, turf athletic fields, tennis and pickleball courts, and covered picnic shelters.
A longtime community park at 22256 SW Washington St with playgrounds, sports fields, a wetlands path, and the Big Fir Trail, right next to Old Town.
A 1.8-mile paved path connecting Old Town to Stella Olsen Memorial Park, perfect for a family bike ride or a dog walk.
Antique shops, boutiques, a community theater, and a summer calendar of events including the Saturday Market, a Wine Festival and Artisans Fair, and a Classic Car Show. Cannery Square’s splash pad runs Memorial Day through September.
The Y runs childcare, aquatics, and youth sports for the community, and the Sherwood Center for the Arts hosts performances, classes, and events year-round.
We know this town block by block. Tell us what you are looking for and we will show you the Sherwood that fits, from the school boundary to the Saturday market.
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