Market Overview
Home Prices in Sherman, ME
The median home value in Sherman, ME is $167,371 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.5% compared to a year ago and up 2.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Sherman are priced59% below average.
Over the past five years, Sherman home values have risen by approximately27.3%, reflecting strong long-term appreciation in this market.
Price History
Sherman Home Price Trend
2020
$108,662
$109K
—
2021
$131,493
$131K
+21.0%
2022
$156,534
$157K
+19.0%
2023
$166,453
$166K
+6.3%
2024
$162,987
$163K
-2.1%
2025
$166,570
$167K
+2.2%
2026
$167,371
$167K
+0.5%
City Comparison
Sherman vs. National Median
🏠 Sherman
$167,371
National Median
$410,000
At $167,371, homes in Sherman cost 59% below the national median of $410,000. This makes Sherman a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Sherman?
20% Down Payment
$33,474
on $167,371
Monthly P&I
$873/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,109/mo
incl. taxes & insurance
Income Needed
$44,360
gross annual (30% rule)
10% Down Option
$16,737
+ PMI applies
Loan Amount (20% dn)
$133,897
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, ME?
The median home value in Sherman is $167,371 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.5% year-over-year.
How much have home prices changed in Sherman?
Over the past year, home values in Sherman have increased by 0.5%. Over five years, prices have risen approximately 27.3%.
How much do I need to earn to buy a home in Sherman?
To comfortably afford the median home price of $167,371 with a 20% down payment ($33,474) at today's rates (6.8%), you'd need a gross annual income of approximately $44,360. 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 $167,371, homes in Sherman are 59% below the national average.