Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 40,667 people, 15,002 houses or apartments, and a median cost of homes of $143,262, Sherman real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Sherman, accounting for 66.57% of the city's housing units. Other types of housing that are prevalent in Sherman include large apartment complexes or high rise apartments ( 22.55%), duplexes, homes converted to apartments or other small apartment buildings ( 7.18%), and a few mobile homes or trailers ( 2.23%).
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 50.49% owning and 49.51% 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 ( 36.56%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.80%). There's also some housing in Sherman built before 1939 ( 7.48%).
Vacant housing appears to be an issue in Sherman. Fully 10.20% 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.
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 34.92% over the last ten years, which is an average annual home appreciation rate of 3.04%, putting Sherman in the top 10% 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.
Appreciation rates are so strong in Sherman that despite a nationwide downturn in the housing market, Sherman real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sherman appreciation rates continue to be some of the highest in America, at 14.91%, which is higher than appreciation rates in 99.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sherman. Sherman appreciation rates in the latest quarter were at 3.99%, which equates to an annual appreciation rate of 16.96%.
Importantly, this makes Sherman one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Texas, our data show that Sherman's latest annual appreciation rate is higher than 90% 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.
|$999,001 - $1,332,000||0.8|
|$666,001 - $999,000||0.7|
|$533,001 - $666,000||1.1|
|$400,001 - $533,000||2.3|
|$267,001 - $400,000||7.2|
|$133,001 - $267,000||36.3|
|$66,001 - $133,000||34.2|
|$0 - $66,000||17.2|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Sherman HOMES|
|2000 or Newer||17.8|
|1970 - 1999||38.2|
|1940 - 1969||36.6|
|1939 or Older||7.5|
|TYPE OF Sherman HOMES|
|Small Apt. Buildings||7.2|
|SIZE OF Sherman HOMES|
|5 or more bedrooms||2.56|