Market Overview
Home Prices in Sherman, TX
The median home value in Sherman, TX is $256,924 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 6.9% compared to a year ago and down 3.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Sherman are priced37% below average. Sherman is part of the Sherman-Denison, TX metro area.
Over the past five years, Sherman home values have risen by approximately13.9%, reflecting steady appreciation in this market.
Price History
Sherman Home Price Trend
City Comparison
Sherman vs. National Median
At $256,924, homes in Sherman cost 37% 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
$51,385
on $256,924
Monthly P&I
$1,340/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,702/mo
incl. taxes & insurance
Income Needed
$68,080
gross annual (30% rule)
10% Down Option
$25,692
+ PMI applies
Loan Amount (20% dn)
$205,539
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, TX?
The median home value in Sherman is $256,924 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 6.9% year-over-year.
How much have home prices changed in Sherman?
Over the past year, home values in Sherman have decreased by 6.9%. Over five years, prices have risen approximately 13.9%.
How much do I need to earn to buy a home in Sherman?
To comfortably afford the median home price of $256,924 with a 20% down payment ($51,385) at today's rates (6.8%), you'd need a gross annual income of approximately $68,080. 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 $256,924, homes in Sherman are 37% below the national average.
What metro area is Sherman part of?
Sherman is part of the Sherman-Denison, TX metropolitan area. Home prices and market conditions can vary across the broader metro region.