Market Overview
Home Prices in Sherrard, IL
The median home value in Sherrard, IL is $256,108 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.7% compared to a year ago and up 4.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Sherrard are priced38% below average. Sherrard is part of the Davenport-Moline-Rock Island, IA-IL metro area.
Over the past five years, Sherrard home values have risen by approximately42.1%, reflecting strong long-term appreciation in this market.
Price History
Sherrard Home Price Trend
City Comparison
Sherrard vs. National Median
At $256,108, homes in Sherrard cost 38% below the national median of $410,000. This makes Sherrard a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Sherrard?
20% Down Payment
$51,222
on $256,108
Monthly P&I
$1,336/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,697/mo
incl. taxes & insurance
Income Needed
$67,880
gross annual (30% rule)
10% Down Option
$25,611
+ PMI applies
Loan Amount (20% dn)
$204,886
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 Sherrard, IL?
The median home value in Sherrard is $256,108 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.7% year-over-year.
How much have home prices changed in Sherrard?
Over the past year, home values in Sherrard have increased by 8.7%. Over five years, prices have risen approximately 42.1%.
How much do I need to earn to buy a home in Sherrard?
To comfortably afford the median home price of $256,108 with a 20% down payment ($51,222) at today's rates (6.8%), you'd need a gross annual income of approximately $67,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Sherrard compare to the national average home price?
The national median home value is approximately $410,000. At $256,108, homes in Sherrard are 38% below the national average.
What metro area is Sherrard part of?
Sherrard is part of the Davenport-Moline-Rock Island, IA-IL metropolitan area. Home prices and market conditions can vary across the broader metro region.