Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Sherman area can be challenging. Home prices in Sherman are now at a median cost of $245,615, higher than the Illinois average of $242,002.
The average cost of rent is $953/mo in Sherman, primarily driven by the current value of real estate in the Sherman area. While nearly 30.96% of residents own their homes outright in Sherman, 9.64% rent.
Housing affordability isn’t just about home prices, though. The average household income in Sherman is $11,124 per month. Households that rent pay about 8.56% of their income on rent here. Sherman's most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Nearby Cities
- Devereux Heights, IL: less expensive homes
- Bissell, IL: less expensive homes
- Spaulding, IL: less expensive homes
- Riverton, IL: less expensive homes
- Green Acres, IL: higher priced homes
- Williamsville, IL: less expensive homes
- Archer, IL: less expensive homes
- Cantrall, IL: equally priced homes
- Clear Lake, IL: less expensive homes
- Fancy Prairie, IL: less expensive homes
Cities with Similar Populations
- French Camp, CA: higher priced homes
- Franklin, GA: less expensive homes
- Franklin, NJ: less expensive homes
- Franklinville, NC: less expensive homes
- Franksville, WI: higher priced homes
- Frazee, MN: less expensive homes
- Frederica, DE: less expensive homes
- Fredericksburg, OH: higher priced homes
- Fredonia, WI: equally priced homes
- Freeburg, IL: less expensive homes
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