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📍 Sherman, NY · Zillow ZHVI · July 2026

Average Home Price in
Sherman, NY

Jamestown-Dunkirk-Fredonia, NY metro area · Chautauqua County County

Median Home Value
$174,911
↑ 2.8% year-over-year
vs. National Median
$410,000
Sherman is 57% below
Est. Monthly Payment
$912/mo
20% down · 6.8% rate
Income Needed
$46K
gross annual (30% rule)
Median Home Value
$174,911
↑ 2.8% year-over-year
Down Payment (20%)$34,982
Monthly P&I$912/mo
With Taxes & Ins.~$1,158/mo
Income Needed$46,320/yr
Data SourceZillow ZHVI
Market Overview

Home Prices in Sherman, NY

The median home value in Sherman, NY is $174,911 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.8% compared to a year ago and up 4.9% from two years prior.

Compared to the U.S. national median of $410,000, homes in Sherman are priced57% below average. Sherman is part of the Jamestown-Dunkirk-Fredonia, NY metro area.

City Comparison

Sherman vs. National Median

🏠 Sherman
$174,911
National Median
$410,000

At $174,911, homes in Sherman cost 57% 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
$34,982
on $174,911
Monthly P&I
$912/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,158/mo
incl. taxes & insurance
Income Needed
$46,320
gross annual (30% rule)
10% Down Option
$17,491
+ PMI applies
Loan Amount (20% dn)
$139,929
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, NY?
The median home value in Sherman is $174,911 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.8% year-over-year.
How much have home prices changed in Sherman?
Over the past year, home values in Sherman have increased by 2.8%.
How much do I need to earn to buy a home in Sherman?
To comfortably afford the median home price of $174,911 with a 20% down payment ($34,982) at today's rates (6.8%), you'd need a gross annual income of approximately $46,320. 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 $174,911, homes in Sherman are 57% below the national average.
What metro area is Sherman part of?
Sherman is part of the Jamestown-Dunkirk-Fredonia, NY metropolitan area. Home prices and market conditions can vary across the broader metro region.