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 $124,614, lower than the Tennessee average of $218,916.
The average cost of rent is $743/mo in Sherwood, primarily driven by the current value of real estate in the Sherwood area. While nearly 59.89% of residents own their homes outright in Sherwood, 33.47% rent.
Housing affordability isn’t just about home prices, though. The average household income in Sherwood is $3,153 per month. Households that rent pay about 23.56% of their income on rent here. Sherwood's most expensive areas are in the central regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Orme, TN: higher priced homes
- Montague, AL: higher priced homes
- Martin Springs, TN: higher priced homes
- Gonce, AL: higher priced homes
- Sewanee, TN: higher priced homes
- Cowan, TN: equally priced homes
- Richard City, TN: less expensive homes
- South Pittsburg, TN: higher priced homes
- Madison Crossroads, AL: higher priced homes
- Bridgeport, AL: equally priced homes
Cities with Similar Populations
- Argyle, FL: less expensive homes
- Woods Mills, NY: higher priced homes
- Abbottsburg, NC: less expensive homes
- Baileyton, TN: higher priced homes
- Bagley, IA: higher priced homes
- Badoura, MN: higher priced homes
- Avondale, MO: higher priced homes
- Auto, WV: higher priced homes
- Ashland, SC: equally priced homes
- Annapolis, IL: equally priced homes
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