Sherman, TX


Highest Appreciating Sherman Neighborhoods Since 2000

Sherman, TX Real Estate Data

Sherman Housing Market Information

With 40,667 people, 14,640 houses or apartments, and a median cost of homes of $127,773, house prices in Sherman are solidly below the national average.

Single-family detached homes are the single most common housing type in Sherman, accounting for 67.64% of the city's housing units. Other types of housing that are prevalent in Sherman include large apartment complexes or high rise apartments ( 22.49%), duplexes, homes converted to apartments or other small apartment buildings ( 5.90%), and a few mobile homes or trailers ( 2.05%).

The most prevalent building size and type in Sherman are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.66% owning and 47.34% renting.

There is a lot of housing in Sherman built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sherman built between 1940-1969 ( 34.36%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.40%). There's also some housing in Sherman built before 1939 ( 8.58%).

Vacant housing appears to be an issue in Sherman. Fully 11.18% of the housing stock is classified as vacant. Left unchecked, vacant Sherman homes and apartments can be a drag on the real estate market, holding Sherman real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Sherman Home Appreciation Rates

In the last 10 years, Sherman has experienced some of the highest home appreciation rates of any community in the nation. Sherman real estate appreciated 21.62% over the last ten years, which is an average annual home appreciation rate of 1.98%, putting Sherman in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sherman definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Sherman's appreciation rate, at 5.59%, has been at or slightly above the national average. In the latest quarter, Sherman's appreciation rate has been -0.12%, which annualizes to a rate of -0.50%.

Notably, Sherman's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Texas, our data show that Sherman's latest annual appreciation rate is lower than 70% of the other cities and towns in Texas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sherman differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sherman - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sherman real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,233,000 0.1
$925,001 - $1,233,000 0.4
$616,001 - $925,000 0.8
$493,001 - $616,000 1.0
$370,001 - $493,000 1.9
$247,001 - $370,000 7.0
$123,001 - $247,000 34.2
$62,001 - $123,000 37.1
$0 - $62,000 17.4

Average for TX
Low for Nation

Value Relative to Nation Value Relative to State
62.0717924694033 46.0194174757282

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$1,148 / per month

Homeownership Rate

Owners 52.66
Renters 47.34
Vacant 11.18

Housing Market Details


Age of Homes

2000 or Newer 16.4
1970 - 1999 40.7
1940 - 1969 34.4
1939 or Older 8.6

Types of Homes

Single-Family 67.6
Townhomes 1.6
Small Apt. Buildings 5.9
Apt. Complexes 22.5
Mobile Homes 2.1
Other 0.3

Home Size

No Bedroom 1.35
1 Bedroom 12.98
2 Bedrooms 29.23
3 Bedrooms 42.75
4 Bedrooms 11.03
5 or more bedrooms 2.66

Sherman Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
41.39% 2.06% 1 5
* 10 is highest