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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 $166,220, lower than the Michigan average of $250,415.
The average cost of rent is $1,008/mo in Sherman, primarily driven by the current value of real estate in the Sherman area. In Sherman, 12.84% of households rent, and 44.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sherman is $5,331 per month. Households that rent pay about 18.92% of their income on rent here. Sherman’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mesick, MI: equally priced homes
- Harlan, MI: equally priced homes
- Yuma, MI: less expensive homes
- Buckley, MI: higher priced homes
- Harrietta, MI: less expensive homes
- Pomona, MI: equally priced homes
- Karlin, MI: higher priced homes
- Copemish, MI: higher priced homes
- Meauwataka, MI: equally priced homes
- Monroe Center, MI: higher priced homes
Cities with Similar Populations
- Woburn, IL: higher priced homes
- Bleakwood, TX: higher priced homes
- Blocton, WV: less expensive homes
- Blomkest, MN: higher priced homes
- Bone Gap, IL: less expensive homes
- Boyd, MT: higher priced homes
- Branson West, MO: higher priced homes
- Brazos Bend, TX: higher priced homes
- Breckinridge, KY: higher priced homes
- Brentsville, KY: higher priced homes
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