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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 $200,185, higher than the Mississippi average of $183,008.
The average cost of rent is $911/mo in Sherman, primarily driven by the current value of real estate in the Sherman area. In Sherman, 18.61% of households rent, and 39.52% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sherman is $6,237 per month. Households that rent pay about 14.61% of their income on rent here. Sherman’s most expensive areas are in the eastern regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Endville, MS: equally priced homes
- Jug Fork, MS: higher priced homes
- Belden, MS: higher priced homes
- Blue Springs, MS: less expensive homes
- Chesterville, MS: equally priced homes
- Flowerdale, MS: higher priced homes
- New Harmony, MS: equally priced homes
- Branyan, MS: less expensive homes
- Furrs, MS: less expensive homes
- Saltillo, MS: equally priced homes
Cities with Similar Populations
- Alfred Mills, ME: higher priced homes
- Zumbro Falls, MN: higher priced homes
- Wray, GA: equally priced homes
- Wooster, MI: higher priced homes
- Wink, TX: less expensive homes
- Wakefield, KY: higher priced homes
- Bray, OK: less expensive homes
- Brashear, TX: less expensive homes
- Bonnots Mill, MO: higher priced homes
- Blain, PA: less expensive homes
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