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These days, finding an affordable place to live in the Sherwood area can be challenging. Home prices in Sherwood are now at a median cost of $225,764, higher than the Arkansas average of $207,061.
The average cost of rent is $1,149/mo in Sherwood, primarily driven by the current value of real estate in the Sherwood area. In Sherwood, 27.71% of households rent, and 33.75% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sherwood is $7,222 per month. Households that rent pay about 15.92% of their income on rent here. Sherwood’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern 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 Little Rock, AR: less expensive homes
- Little Rock Air Force Base, AR: less expensive homes
- Jacksonville, AR: less expensive homes
- Rose City, AR: less expensive homes
- Cammack Village, AR: higher priced homes
- Kerr, AR: less expensive homes
- Toneyville, AR: equally priced homes
- College Station, AR: less expensive homes
- Maumelle, AR: higher priced homes
- Parnell, AR: higher priced homes
Cities with Similar Populations
- Starkville, MS: higher priced homes
- Hallandale Beach, FL: higher priced homes
- Hermitage, TN: higher priced homes
- Hope Mills, NC: equally priced homes
- Kingman, AZ: higher priced homes
- Lincoln Park, MI: less expensive homes
- Midlothian, TX: higher priced homes
- Milton, GA: higher priced homes
- Raeford, NC: equally priced homes
- Rockledge, FL: higher priced homes
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