Housing in Sherman

A typical Sherman home is worth roughly $187,000

Typical home value

$187K

MI $266K

Estimate

2-bedroom rent

$1,000

a month, utilities in · HUD

Median tax bill

$1,357

MI $2,904

What kind of housing town is Sherman?

Read from the numbers below. The page puts what stands out first.

Your money goes further30% below the Michigan typical home.A second-home town31% of homes are seasonal or vacation homes.

★ What stands out · Affordability

What it takes to buy in Sherman

Try your own numbers below.

You could afford about

$271,000

Typical Sherman home $187K

That covers a typical Sherman home, with $84K to spare.

The typical home, each month

$1,170

Loan $920Tax $190Insurance $50

A two-bedroom rents for about $1,000 a month here, $170 less than owning.

Where your budget reaches nearby

Burleigh$148K Grant$127K Turner$171K Tawas$159K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, the Michigan typical property tax (1.25% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

The homes

86% of Sherman households own their home

Half of Sherman’s homes were built before 1975.

Owners and renters

Own 86%Rent 14%

Michigan: 73% own.

1975

typical home built · MI 1972

$1,357

median property tax bill · MI $2,904

31%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Renting

A two-bedroom rents for about $1,000

Renters already here pay a median of $845, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$800

1 bedroom$820

2 bedrooms$1,000

3 bedrooms$1,390

4 bedrooms$1,650

14%

of households rent · MI 27%

renter households

$845

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Arenac County, MI): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Next door

Sherman vs. its neighbors

Sherman is the priciest of 5 neighboring towns. Tap one to see its housing page.

Sherman$187K Turner$171K Tawas$159K Burleigh$148K Grant$127K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Sherman	$187K*	—	$1,000	$56,875
Burleigh	$148K*	—	$970	$53,393
Grant	$127K*	+0.1%†	$1,030	$56,193
Alabaster	—	−2.9%†	$1,090	$78,125
Turner	$171K	+4.5%	$1,020	$51,985
Tawas	$159K*	−2.8%†	$1,090	$59,531

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Sherman buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Sherman still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.