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These days, finding an affordable place to live in the Sherman Mills area can be challenging. Home prices in Sherman Mills are now at a median cost of $115,095, lower than the Maine average of $330,167.
The average cost of rent is $674/mo in Sherman Mills, primarily driven by the current value of real estate in the Sherman Mills area. In Sherman Mills, 11.73% of households rent, and 66.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sherman Mills is $4,117 per month. Households that rent pay about 16.37% of their income on rent here. Sherman Mills’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Silver Ridge, ME: equally priced homes
- Sherman Station, ME: equally priced homes
- Sherman, ME: higher priced homes
- Benedicta, ME: equally priced homes
- Island Falls, ME: equally priced homes
- Patten, ME: equally priced homes
- Dyer Brook, ME: higher priced homes
- Shin Pond, ME: higher priced homes
- Macwahoc, ME: equally priced homes
- Haynesville, ME: equally priced homes
Cities with Similar Populations
- Ahloso, OK: higher priced homes
- Yulan, NY: higher priced homes
- Youngville, TN: higher priced homes
- Yorkshire, OH: higher priced homes
- Yellow Creek, PA: higher priced homes
- Wonder, OR: higher priced homes
- Winthrop, AR: equally priced homes
- Winstead Crossroads, NC: higher priced homes
- Winameg, OH: higher priced homes
- Beryl, UT: higher priced homes
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