Home Price Key
Affordable
Average
Expensive
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 $124,802, lower than the Michigan average of $196,062.
The average cost of rent is $803/mo in Sherwood, primarily driven by the current value of real estate in the Sherwood area. While nearly 47.27% of residents own their homes outright in Sherwood, 17.20% rent.
Housing affordability isn’t just about home prices, though. The average household income in Sherwood is $4,621 per month. Households that rent pay about 17.37% of their income on rent here. Sherwood's most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Shorecrest, MI: equally priced homes
- Leonidas, MI: higher priced homes
- Union City, MI: less expensive homes
- Colon, MI: equally priced homes
- Athens, MI: less expensive homes
- Batavia Center, MI: equally priced homes
- Fairfax, MI: equally priced homes
- Fulton, MI: equally priced homes
- Bronson, MI: less expensive homes
- Burlington, MI: equally priced homes
Cities with Similar Populations
- Bright Star, TX: higher priced homes
- Conklin, MI: higher priced homes
- Carterville, MO: less expensive homes
- Cairo, IL: less expensive homes
- Bristow, VA: higher priced homes
- Boaz, KY: equally priced homes
- Big Pine, CA: higher priced homes
- Big Bear, CA: higher priced homes
- Bethesda, OH: equally priced homes
- Ben Avon, PA: higher priced homes
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