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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 $225,033, lower than the Texas average of $322,096.
The average cost of rent is $1,972/mo in Sherwood, primarily driven by the current value of real estate in the Sherwood area. In Sherwood, 14.29% of households rent, and 78.68% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sherwood is $7,060 per month. Households that rent pay about 27.93% of their income on rent here. Sherwood’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Mertzon, TX: less expensive homes
- Knickerbocker, TX: higher priced homes
- Tankersley, TX: higher priced homes
- Veribest, TX: higher priced homes
- Christoval, TX: higher priced homes
- Barnhart, TX: equally priced homes
- Wall, TX: higher priced homes
- Vick, TX: higher priced homes
- Vancourt, TX: higher priced homes
- Texon, TX: higher priced homes
Cities with Similar Populations
- Carlyle, KS: less expensive homes
- Callahan, CA: higher priced homes
- Callicoon Center, NY: higher priced homes
- Calverton, VA: higher priced homes
- Calvin, PA: less expensive homes
- Campbell, MN: less expensive homes
- Campbellton, TX: higher priced homes
- Cane Beds, AZ: higher priced homes
- Zalma, MO: higher priced homes
- Caleast, KY: higher priced homes
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