Sherman, IL 62684 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sherman, IL—62684

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$316,000

7.9% YoY Growth

Household Income

$142,000

39.4% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

1.1%

Median Rent

$2,350

16.6% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Sherman, IL

As of Dec '25, the median home price in Sherman, IL is $316,000, with a year-over-year change of 7.9%. This indicates that home prices in Sherman, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$316,000	7.9%
Single Family	$316,000	7.8%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Sherman, IL

As of July '25, Rentcast reports the average rent in Sherman, IL is $2,920, with a year-over-year rent change of -16.6%. Detailed rent data by bedroom size is not available for Sherman, IL. The most common rental property sizes in Sherman, IL are 3-bedroom and 2-bedroom, accounting for 59.9% and 29.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,350	$2,920
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

Loading chart...

% of Rental Stock

2 Bedrooms

29.6%

3 Bedrooms

59.9%

4 Bedrooms

10.5%

Property Listings — Sherman, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Sherman, IL is 47. This is a decrease of -18.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$282,000	-3.0%
Listing Count	8	4.0%
Listings as % of Homes	0.3%	4.0%
Days on Market	57	-1.0%

Loading chart...

Demographics — Sherman, IL

As of the latest ACS Survey released in 2023, Sherman, IL has a population of 5,420, which has decreased by -7.5% over the past 5 years. Sherman, IL is a popular place for families, as children make up 26.4% of the population. The area has a highly educated workforce, with 46.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,420	-7.5%
% Under 18	26.4%	7.3%
% Seniors	18.9%	3.8%
% WFH	16.3%	1,381.8%
% w/ College Degree	46.7%	5.4%

Loading chart...

As of the latest ACS Survey released in 2023, Sherman, IL is a predominantly white area, with 92.1% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Sherman, IL is black, making up 5.3% of the population. Foreign-born residents account for 1.0% of the population in Sherman, IL, and this percentage has decreased by 9.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	92.1%	-4.2%
% Black	5.3%	∞%
% Hispanic	1.0%	-68.8%
% Asian	0.1%	∞%
% Foreign Born	1.0%	-9.1%

Loading chart...

Mortgage and Risk — Sherman, IL

According to HUD data as of 2023, there were 156 mortgage originations in Sherman, IL, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Sherman, IL. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	156
% Conventional Loans	83.0%
% Government Loans	17.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	9.0%

Loading chart...

Rentals and Section 8 — Sherman, IL

Sherman, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,050
2 Bedroom	N/A	N/A	$1,290
3 Bedroom	N/A	N/A	$1,740
4 Bedroom	N/A	N/A	$1,780

Sherman, IL—62684

Key Metrics at a Glance

Home Price Trends — Sherman, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sherman, IL

% of Rental Stock

Property Listings — Sherman, IL

Demographics — Sherman, IL

Race and Ethnicity

Mortgage and Risk — Sherman, IL

Mortgages

Rentals and Section 8 — Sherman, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Sherman, IL

Home Price to Income Ratio

Sherman, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Williamsville, IL

Springfield, IL

Riverton, IL

Springfield, IL

Athens, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	1.8
Median Home Price	$316,000
Median Household Income	$142,000

Sherman, IL—62684

Key Metrics at a Glance

Home Price Trends — Sherman, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sherman, IL

% of Rental Stock

Property Listings — Sherman, IL

Demographics — Sherman, IL

Race and Ethnicity

Mortgage and Risk — Sherman, IL

Mortgages

Rentals and Section 8 — Sherman, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Sherman, IL

Home Price to Income Ratio

Sherman, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Williamsville, IL

Springfield, IL

Riverton, IL

Springfield, IL

Athens, IL

Frequently Asked Questions

What is the average home price in Sherman, IL 62684?

How have home prices in Sherman, IL 62684 changed over the past year?

What is the home price projection for Sherman, IL 62684?

What are the demographics of Sherman, IL 62684?

How long does it take homes to sell in Sherman, IL 62684?

What is the average rent price in Sherman, IL 62684?