Market Overview
Home Prices in Sherman, CT
The median home value in Sherman, CT is $725,249 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.4% compared to a year ago and down 0.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Sherman are priced77% above average. Sherman is part of the Bridgeport-Stamford-Norwalk, CT metro area.
Over the past five years, Sherman home values have risen by approximately29.0%, reflecting strong long-term appreciation in this market.
Price History
Sherman Home Price Trend
City Comparison
Sherman vs. National Median
At $725,249, homes in Sherman cost 77% above the national median of $410,000. Buyers in Sherman should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Sherman?
20% Down Payment
$145,050
on $725,249
Monthly P&I
$3,782/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,803/mo
incl. taxes & insurance
Income Needed
$192,120
gross annual (30% rule)
10% Down Option
$72,525
+ PMI applies
Loan Amount (20% dn)
$580,199
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Sherman, CT?
The median home value in Sherman is $725,249 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.4% year-over-year.
How much have home prices changed in Sherman?
Over the past year, home values in Sherman have increased by 2.4%. Over five years, prices have risen approximately 29.0%.
How much do I need to earn to buy a home in Sherman?
To comfortably afford the median home price of $725,249 with a 20% down payment ($145,050) at today's rates (6.8%), you'd need a gross annual income of approximately $192,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Sherman compare to the national average home price?
The national median home value is approximately $410,000. At $725,249, homes in Sherman are 77% above the national average.
What metro area is Sherman part of?
Sherman is part of the Bridgeport-Stamford-Norwalk, CT metropolitan area. Home prices and market conditions can vary across the broader metro region.