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Affordable
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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 $129,743, lower than the Maine average of $330,167.
The average cost of rent is $608/mo in Sherman, primarily driven by the current value of real estate in the Sherman area. In Sherman, 15.03% of households rent, and 60.99% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sherman is $4,275 per month. Households that rent pay about 14.23% of their income on rent here. Sherman’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Sherman Station, ME: less expensive homes
- Sherman Mills, ME: less expensive homes
- Benedicta, ME: equally priced homes
- Silver Ridge, ME: less expensive homes
- Patten, ME: less expensive homes
- Island Falls, ME: less expensive homes
- Shin Pond, ME: higher priced homes
- East Millinocket, ME: less expensive homes
- Macwahoc, ME: less expensive homes
- Medway, ME: less expensive homes
Cities with Similar Populations
- Earlville, PA: higher priced homes
- Trueblue, VA: higher priced homes
- Trotters, ND: higher priced homes
- Trimble, IL: equally priced homes
- Trickham, TX: higher priced homes
- Elk Lake, OR: higher priced homes
- Eileen, IL: higher priced homes
- Edwards, KY: less expensive homes
- East Towanda, PA: higher priced homes
- East Point, LA: less expensive homes
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