Housing in Sherman

A typical Sherman home is worth roughly $177,000

Typical home value

$177K

MI $266K

Estimate

2-bedroom rent

$1,090

a month, utilities in · HUD

Median tax bill

$1,649

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 further33% below the Michigan typical home.

★ What stands out · Affordability

A typical home costs 2.3 years of income

Less than across Michigan (3.7 years). Try your own numbers below.

You could afford about

$295,000

Typical Sherman home $177K

That covers a typical Sherman home, with $118K to spare.

The typical home, each month

$1,070

Loan $880Tax $140Insurance $50

A two-bedroom rents for about $1,090 a month here, $20 more than owning.

Where your budget reaches nearby

Sheridan$173K Custer$226K Victory$300K Free Soil$274K

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Sherman’s typical property tax (0.93% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,090

Renters already here pay a median of $1,133.

Fair Market Rent a month, utilities included

Studio$780

1 bedroom$870

2 bedrooms$1,090

3 bedrooms$1,460

4 bedrooms$1,470

13%

of households rent · MI 27%

renter households

$1,133

median rent paid today · Census

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

The homes

87% of Sherman households own their home

Half of Sherman’s homes were built before 1968.

Owners and renters

Own 87%Rent 13%

Michigan: 73% own.

1968

typical home built · MI 1972

$1,649

median property tax bill · MI $2,904

0.93%

of a home’s value, a year in tax · MI 1.25%

13%

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.

Next door

Sherman vs. its neighbors

Sherman is the 2nd least expensive of 5 neighboring towns. Tap one to see its housing page.

Victory$300K Free Soil$274K Custer$226K Sherman$177K Sheridan$173K

Compare more

Town	Typical value	1-yr change	2-bed rent	Median income
Sherman	$177K*	—	$1,090	$75,500
Sheridan	$173K*	—	$1,080	$61,563
Custer	$226K	+7.5%	$970	$56,172
Victory	$300K*	−0%†	$1,030	$65,938
Free Soil	$274K	+11.8%	$1,280	$62,344

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.