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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 $158,500, lower than the New Mexico average of $265,486.
The average cost of rent is $716/mo in Sherman, primarily driven by the current value of real estate in the Sherman area. In Sherman, 7.41% of households rent, and 64.57% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sherman is $2,998 per month. Households that rent pay about 23.88% of their income on rent here. Sherman’s most expensive areas are in the central 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
- San Lorenzo, NM: higher priced homes
- Fort Bayard, NM: equally priced homes
- Hanover, NM: equally priced homes
- Mimbres, NM: higher priced homes
- Kingston, NM: higher priced homes
- Vanadium, NM: equally priced homes
- Bayard, NM: equally priced homes
- Hurley, NM: less expensive homes
- Santa Clara, NM: equally priced homes
- Hillsboro, NM: higher priced homes
Cities with Similar Populations
- Dixon, MI: higher priced homes
- Doubling Gap, PA: higher priced homes
- Dorothy, WV: less expensive homes
- Dora, NM: less expensive homes
- Donegal Springs, PA: higher priced homes
- Dome, AZ: less expensive homes
- Dog Town, PA: equally priced homes
- Dodson, TX: higher priced homes
- Dobbins, KY: equally priced homes
- Dixon, WY: higher priced homes
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