Sherman housing market
Typical home value
$280K
▼ 4.6% 1 yr
Typical rent
$1,358/mo
▼ 1.8% 1 yr
12-month forecast
−1.7%
#534 of 546 metros
Gross rent yield
5.8%
#292 of 546 · U.S. 6.3%
Days to pending
105 days
▲ +13 days 1 yr
Listings with a price cut
29%
▼ −0.2 pts 1 yr
Key takeaways
- 1The typical home is worth $280,299, down 4.6% in a year and up 9% over five years.
- 2Zillow forecasts home values falling 1.7% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,358/mo (−1.8% YoY), a 5.8% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,540/mo in principal and interest, $182 more than renting.
- 5Homes go under contract in 105 days (+13 days vs last year); 29% of listings have had a price cut.
Market temperature
Strong buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 24/100, #508 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Sherman compares
| Measure | Sherman | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −4.6% | +1.2% | #545 |
| Home value, 5-yr change | +8.8% | +19.7% | |
| 12-month forecast | −1.7% | +1.1% | #534 |
| Rent, 1-yr change | −1.8% | +2.7% | #542 |
| Gross rent yield | 5.8% | 6.3% | #292 |
| Price-to-rent ratio | 17.2 | 15.8 | |
| Mortgage P&I on typical home | $1,540 | $2,012 | |
| Income needed to buy | $82,979 | $100,902 | |
| Days to pending | 105 | 56 |
Cities in the Sherman metro
2 cities with home value and rent data.
Run the numbers
Rental property calculator
Cash flow on a typical Sherman rental ($280K, $1,358/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Sherman home.
Rent vs buy
Is it cheaper to rent or buy in Sherman?
Renting out a property in Texas? See deposit limits, late fee rules and notice periods.
Other Texas metros
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Austin, TX
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McAllen, TX
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Killeen, TX
$248K home$1,308 rent6.3% yield
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Corpus Christi, TX
$222K home$1,425 rent7.7% yield
▲ 0.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.