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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 $290,400, higher than the South Dakota average of $268,202.
The average cost of rent is $718/mo in Sherman, primarily driven by the current value of real estate in the Sherman area. In Sherman, 25.49% of households rent, and 46.65% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sherman is $6,324 per month. Households that rent pay about 11.35% 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
- Garretson, SD: equally priced homes
- Corson, SD: higher priced homes
- Jasper, MN: less expensive homes
- Beaver Creek, MN: equally priced homes
- Valley Springs, SD: less expensive homes
- Brandon, SD: higher priced homes
- Dell Rapids, SD: higher priced homes
- Renner Corner, SD: equally priced homes
- Baltic, SD: higher priced homes
- Trent, SD: less expensive homes
Cities with Similar Populations
- Chester, SD: equally priced homes
- West Pawlet, VT: less expensive homes
- West Hollis, ME: higher priced homes
- West Finley, PA: less expensive homes
- Waltham, MN: equally priced homes
- Comins, MI: less expensive homes
- Combs, KY: less expensive homes
- Coffee City, TX: less expensive homes
- Cocked Hat, DE: equally priced homes
- Clintonville, WV: less expensive homes
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