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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 $187,974, lower than the Ohio average of $236,816.
The average cost of rent is $934/mo in Sherwood, primarily driven by the current value of real estate in the Sherwood area. In Sherwood, 9.52% of households rent, and 48.70% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sherwood is $7,116 per month. Households that rent pay about 13.13% of their income on rent here. Sherwood’s most expensive areas are in the northwestern 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
- Mark Center, OH: less expensive homes
- Cecil, OH: less expensive homes
- Ney, OH: equally priced homes
- Junction, OH: equally priced homes
- Farmer, OH: higher priced homes
- Brunersburg, OH: equally priced homes
- Williams Center, OH: higher priced homes
- Defiance, OH: less expensive homes
- Hicksville, OH: equally priced homes
- Paulding, OH: less expensive homes
Cities with Similar Populations
- Stanberry, MO: less expensive homes
- Hickory, MS: less expensive homes
- High Falls, NY: higher priced homes
- Honoraville, AL: less expensive homes
- La Center, KY: less expensive homes
- La Farge, WI: higher priced homes
- Lake Tomahawk, WI: higher priced homes
- Los Ybanez, TX: less expensive homes
- Macedonia, TX: higher priced homes
- Macon, IL: less expensive homes
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