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.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 0.90% |
| One Bedroom | 3% |
| Two Bedrooms | 18.50% |
| Three Bedrooms | 49.60% |
| Four Bedrooms | 22.80% |
| Five Bedrooms or more | 5.20% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.9 |
| Median year structure was built | 1981 |
| Median Value of occupied units | $127,600 |
| Median Price asked for vacant units | $150,000 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.93 |
| Median year structure was built | 1976 |
| Median Monthly Rent asked for vacant units | $463 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.40% |
| Home Equity Loan | 10.40% |
| Simple Mortgage | 62.20% |
| Debt Free | 22.10% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.4% |
