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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 $143,561, lower than the New York average of $610,895.
The average cost of rent is $792/mo in Sherman, primarily driven by the current value of real estate in the Sherman area. In Sherman, 20.73% of households rent, and 55.05% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sherman is $5,017 per month. Households that rent pay about 15.79% of their income on rent here. Sherman’s most expensive areas are in the southwestern 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
- North Clymer, NY: higher priced homes
- Wattlesburg, NY: less expensive homes
- Lombard, NY: less expensive homes
- South Ripley, NY: less expensive homes
- Volusia, NY: equally priced homes
- Findley Lake, NY: higher priced homes
- Chautauqua, NY: higher priced homes
- Clymer, NY: higher priced homes
- Mayville, NY: higher priced homes
- State Line, NY: less expensive homes
Cities with Similar Populations
- Worton, MD: higher priced homes
- Silver Bay, MN: higher priced homes
- Summer Shade, KY: equally priced homes
- Tushka, OK: higher priced homes
- Duncan Falls, OH: higher priced homes
- Dolan Springs, AZ: equally priced homes
- Delbarton, WV: less expensive homes
- Delaware City, DE: higher priced homes
- Deerfield, MI: higher priced homes
- Dale, WI: higher priced homes
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