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Affordable
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These days, finding an affordable place to live in the Sherrard area can be challenging. Home prices in Sherrard are now at a median cost of $198,401, lower than the Illinois average of $300,242.
The average cost of rent is $831/mo in Sherrard, primarily driven by the current value of real estate in the Sherrard area. In Sherrard, 7.00% of households rent, and 37.10% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sherrard is $8,579 per month. Households that rent pay about 9.69% of their income on rent here. Sherrard’s most expensive areas are in the eastern 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
- Cable, IL: higher priced homes
- Preemption, IL: higher priced homes
- Matherville, IL: less expensive homes
- Warner, IL: higher priced homes
- Opheim, IL: equally priced homes
- Lynn Center, IL: higher priced homes
- Sunny Hill Estates, IL: higher priced homes
- Windsor Mercer County, IL: less expensive homes
- New Windsor, IL: less expensive homes
- Viola, IL: less expensive homes
Cities with Similar Populations
- Velarde, NM: higher priced homes
- Danbury, NC: less expensive homes
- Dawson, IL: equally priced homes
- Denton, NE: higher priced homes
- DeSoto, IA: higher priced homes
- Divernon, IL: less expensive homes
- Dixmont, ME: equally priced homes
- Dongola, IL: less expensive homes
- Dover, MI: equally priced homes
- Dulac, LA: less expensive homes
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