The housing market in Sherwood, ND is very strong. The median value of homes in the city is $160,400, which is significantly lower than the US House Median Value of $338,100. Despite this large difference in values, the 1 year house appreciation rate in Sherwood is 9.41%, higher than the national average of 8.27%. This indicates that Sherwood's housing market is thriving and could be a good opportunity for potential home buyers or investors.
The median home cost in Sherwood is $160,400. Home appreciation the last 10 years has been 51.1%. Home Appreciation in Sherwood is up 10.5%.
Average Age of Homes
- The median age of Sherwood real estate is 42 years old
The Rental Market in Sherwood
- Renters make up 22.7% of the Sherwood population
- 3.7% of houses and apartments in Sherwood, 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.