The housing market in Sherman, IL has seen steady growth in the past year, with an appreciation rate of 6.65%. The median value for a home in Sherman is $274,000 which is significantly lower than the US median value of $338,100. Despite this difference, the appreciation rate in Sherman is still impressive and could be a great opportunity for potential homeowners to invest in this area.
The median home cost in Sherman is $274,000. Home appreciation the last 10 years has been 37.5%. Home Appreciation in Sherman is up 11.7%.
Average Age of Homes
- The median age of Sherman real estate is 25 years old
The Rental Market in Sherman
- Renters make up 14.3% of the Sherman population
- 0.0% of houses and apartments in Sherman, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.