Home prices
The median home in Sherman costs $101,000. This is approximately $15,400 (13%) lower compared to other places in this area.It is about $116,500 (53%) lower in comparison to the nation as a whole, and is is very similar in comparison to the city of Memphis.
Rents
The median rent in Sherman is $563 a month. This is roughly $175 (23%) lower compared to other places in this area.Compared to the entire nation it is roughly $499 (46%) lower, and in comparison to the city of Memphis is about $338 (37%) lower.
Nearby places
Blue Springs
Blue Springs is roughly 3 miles northwest from Sherman. Housing prices there are a little less expensive. The value of the median home in Blue Springs is $77,500, which comes out to $23,500 (30%) lower than Sherman. The rent there is fairly similar. Blue Springs's median rent is $591 a month, which is $28 (4%) higher than Sherman.
Saltillo
Saltillo is about 7 miles east of Sherman. Its housing prices are a bit more expensive. The cost of the median home in Saltillo is $129,100, which is $28,100 (21%) higher than Sherman. Rents there are somewhat more expensive. In Saltillo the median monthly rent is $769, which works out to $206 (26%) higher than Sherman.
Tupelo
Tupelo is approximately 8 miles southeast of Sherman. Its housing prices are a little more expensive. The median home cost in Tupelo is $145,400, which comes out to $44,400 (30%) higher than Sherman. Rent there is a bit more expensive. The median monthly rent in Tupelo is $790, which is $227 (28%) higher than Sherman.
Ecru
Ecru is approximately 9 miles west of Sherman. Its real estate prices are somewhat less expensive. Ecru's median home cost is $95,500, which comes out to $5,500 (5%) lower than Sherman. The rent there is somewhat more expensive. The median monthly rent in Ecru is $628, which comes out to $65 (10%) higher than Sherman.
Guntown
Guntown is about 10 miles northeast of Sherman. The housing prices there are a little more expensive. The median home value in Guntown is $134,500, which works out to $33,500 (24%) higher than Sherman. The rent there is substantially more expensive. Guntown's median monthly rent is $912, which comes out to $349 (38%) higher than Sherman.
