Sherman, IL Real Estate

According to census data in the year 2000 there were 1,003 housing units in Sherman. This represents a 41.1% growth from 711 in 1990.

Of those housing units, 932 were located in either urbanized areas or urban clusters, and 71 were located in what is classified as a rural area.

Homeownership rate in Sherman is about 82.6%. Sherman's vacancy rate, including seasonal lodging, is about 3.2%. Average household size is 2.73 people.

The majority of houses, apartments or condos in Sherman were built after 1980.


Housing Size

Housing Units by Size
Studio Type0.90%
One Bedroom3%
Two Bedrooms18.50%
Three Bedrooms49.60%
Four Bedrooms22.80%
Five Bedrooms or more5.20%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.9
Median year structure was built1981
Median Value of occupied units$127,600
Median Price asked for vacant units$150,000

Rented Homes, Apartments and Condos

Average Household Size1.93
Median year structure was built1976
Median Monthly Rent asked for vacant units$463

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.40%
Home Equity Loan10.40%
Simple Mortgage62.20%
Debt Free22.10%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs17.4%