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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 $242,499, lower than the Texas average of $322,096.
The average cost of rent is $1,398/mo in Sherman, primarily driven by the current value of real estate in the Sherman area. In Sherman, 43.74% of households rent, and 47.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sherman is $5,731 per month. Households that rent pay about 24.38% of their income on rent here. Sherman’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Knollwood, TX: equally priced homes
- Luella, TX: higher priced homes
- Smith Oaks, TX: equally priced homes
- Southmayd, TX: less expensive homes
- Dorchester, TX: equally priced homes
- Denison, TX: less expensive homes
- Howe, TX: higher priced homes
- Sherman Junction, TX: higher priced homes
- White Mound, TX: higher priced homes
- Penland, TX: equally priced homes
Cities with Similar Populations
- Benton, AR: equally priced homes
- Zephyrhills, FL: equally priced homes
- Wauwatosa, WI: higher priced homes
- Wausau, WI: less expensive homes
- Upper Arlington, OH: higher priced homes
- Texas City, TX: less expensive homes
- Salina, KS: less expensive homes
- Rowland Heights, CA: higher priced homes
- Roseville, MI: less expensive homes
- Quincy, IL: less expensive homes
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