Sherman County, OR

Home values #

Typical home $290,073 (Aug 2026), +4.0% over one year, +23.3% over five

• 67th pct · 1,006th of 3,063 US counties · median $234,566
• 11th pct · 32nd of 36 Oregon counties · median $432,775

Zillow Home Value Index (ZHVI), typical value of homes in the 35th to 65th percentile, smoothed and seasonally adjusted; a model estimate of value, not a sale price. Data through Zillow Research.

Rents #

Zillow publishes no rent index for this area (ZORI covers about 1,400 counties)

• US counties: not published this period
• Oregon counties: not published this period

Zillow Observed Rent Index (ZORI), smoothed, all homes and multifamily; price-to-rent = typical home / (typical rent × 12).

What the typical home costs to carry #

Principal and interest of $1,588 a month on $290,073 at 7.28%, against an average weekly wage worth $5,664 a month: 28.0% of one job’s pay.

• payment = P·r / (1 − (1+r)^−n), P = $290,073 × 80% = $232,058, r = 7.28%/12 (Freddie Mac PMMS via FRED, 2026-10-01), n = 360 → $1,588/mo principal and interest
• wage share = payment / (avg weekly wage $1,307 × 52 / 12 = $5,664) = 28% of one average job's pay (BLS QCEW 2026 Q1, all covered jobs)
• years of wages = $290,073 / ($1,307 × 52) = 4.3

The wage is one covered job’s average, not a household’s income, so this is the share of a single paycheque and not a mortgage underwriting ratio.

Estimate. Principal and interest on the typical home with 20% down over 30 years at this week's Freddie Mac average rate; compared with the average weekly wage of all jobs covered by unemployment insurance in the area (BLS QCEW), which is pay per job, not household income.

Jobs & wages #

873 jobs at 109 employers (2026 Q1); -9.4% jobs and +2.9% average weekly wage over the year

• 5th pct · 3,038th of 3,221 US counties · median 8,232
• 2nd pct · 35th of 36 Oregon counties · median 15,683

BLS Quarterly Census of Employment and Wages, all ownerships, total covered employment in the quarter's third month; over-the-year changes as published. Suppressed cells stay blank.

Drought #

D0 abnormally dry

Sites found: 5, searched within 0 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 0 km away are not.

US Drought Monitor current week; the highest class of any polygon containing the point.

Reservoirs #

Surface water layer not loaded

Sites found: 0, searched within 150 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 150 km away are not.

Σ(capacity × percent full) / Σ capacity over TWDB reservoirs within 150 km. Texas only; elsewhere USGS reservoir elevation/storage is listed without a capacity to normalise by.

Stream gauges #

Surface water layer not loaded

Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest readings screened against EPA freshwater criteria (DO ≥ 5 mg/L, pH 6.5–9, conductance, turbidity, temperature); NWS flood categories where a NWPS gauge is co-located.

Groundwater #

No USGS monitoring wells within 75 km (or above 1,500 km)

Sites found: 0, searched within 75 km of this place’s internal point. That is a disc around a point, not the area itself: sites outside the boundary are included, and sites inside it further than 75 km away are not.

USGS latest daily water levels. A single latest reading says where the table is, not which way it is moving; select a well for its 365-day trace.

Water stress #

low (0.00)

Σ wᵢ·termᵢ / Σ wᵢ = 0.35×0.00 / 0.35

Banks & federal dollars #

$33.9 m in deposits at 1 offices of 1 banks (SOD June 2026); HHI 10,000, highly concentrated. $35.9 m federal obligations in FY2026 (direct payments $26.1 m, contracts $7.6 m), $41,085 per covered job

Deposit concentration is 10,000 across 1 banks, which the 1995 Department of Justice bank merger screen calls highly concentrated.

HHI = Σ (share %)² over 1 banks with deposits in the county = 100.0² = 10,000

FDIC Summary of Deposits: deposits at every insured office as of June 30, annual; HHI is the sum of squared county deposit shares (DOJ 1995 bank merger screen: 1000 / 1800). USAspending: obligations by place of performance for the latest complete federal fiscal year (Oct 1 to Sep 30), what agencies committed, not what they paid out; recipients are legal entities. Per-job divides obligations by BLS QCEW covered employment.

Federal obligations #

USAspending place-of-performance obligations for FY2026, by awarding agency.

That is $41,085 per covered job, against 873 jobs in the 2026 Q1 QCEW quarter.

per job = FY2026 obligations $35.9 m / 873 covered jobs (BLS QCEW 2026 Q1, all ownerships) = $41,085

USAspending obligations are recorded where the work is performed, so a prime award performed here is counted here even when the recipient is headquartered elsewhere. Recipients are legal entities, never people.

National context, not this county #

These are United States, single-gauge, single-state and port series. None of them is keyed to this county.

The indicator registry has no county-keyed series and no geographic selection: every entry is national, a named gauge, a single state or a port. They are here as the backdrop the county's own numbers move against, and they are never this county's readings.

What changed #

Sherman County, OR: 13 findings, 1 at an alert level, 4 at a watch level and 8 noted

1. alertSherman County, OR's covered employment is -9.4% against a year earlier, an alert level here: covered employment at least 3 percent below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; convention chosen for this dashboard, not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

   Period 2026 Q1.
   Show the arithmetic

   • test: jobs.yoy.emp = -9.4 <= -3

   BLS QCEW over-the-year percent change, as published; convention chosen for this dashboard, not an official level

2. watchSherman County, OR's covered employment is -9.4% against a year earlier, a watch level here: covered employment below the same quarter a year earlier (BLS QCEW over-the-year percent change, as published; not an official level). The previous published period is not in this table, so this is a standing level rather than a change.

   Period 2026 Q1.
   Show the arithmetic

   • test: jobs.yoy.emp = -9.4 < 0

   BLS QCEW over-the-year percent change, as published; not an official level

3. watchSherman County, OR's typical home value of $290,073 scores 67 on the 0-to-100 scale across US counties but 11 across Oregon counties, a gap of 56 points.

   Period 2026-08.
   Show the arithmetic

   • 56 = |67 across US counties - 11 across Oregon counties|

   position among the entities that published this metric this period; not an official level

4. watchSherman County, OR's years of wages of 4.3 scores 50 on the 0-to-100 scale across US counties but 11 across Oregon counties, a gap of 38 points.

   Period 2026-08.
   Show the arithmetic

   • 38 = |50 across US counties - 11 across Oregon counties|
   • typical home value / (average weekly wage × 52); one average covered job, not a household

   position among the entities that published this metric this period; not an official level

5. watchSherman County, OR's typical home value of +4.0% scores 61 on the 0-to-100 scale across US counties but 94 across Oregon counties, a gap of 33 points.

   Period 2026-08.
   Show the arithmetic

   • 33 = |61 across US counties - 94 across Oregon counties|

   position among the entities that published this metric this period; not an official level

Read all 12 findings in the full brief

Every finding is produced by a fixed rule table and a fixed sentence for each rule. Nothing here is generated prose.