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There are currently 59 real estate properties in Sherman, MS, with a median automated valuation model (AVM) price of $153,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Sherman, MS, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Sherman, MS, is $175,745.00, with the most expensive house in Sherman, MS, topping out at $491,346.00 and the cheapest home in Sherman, MS, clocking in at $43,540.00. In other words, there’s something for every potential homebuyer or savvy investor in Sherman, MS!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Sherman, MS, is on a rollercoaster ride. The average rent price in Sherman, MS, is $1,111.00. Indeed, when looking to rent in Sherman, MS, you can expect to pay as little as $870.00 or as much as $1,460.00, with the average rent median estimated to be $1,050.00. The good news is that finding an affordable and desirable property to rent in Sherman, MS -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Sherman is located in Pontotoc, Mississippi, with an estimated municipal population of 704 residents. All of the best foreclosed homes for sale in Sherman are located in the following zip code areas on Foreclosure.com: 38828 38869. The estimated population per square kilometer (.62 miles) in Sherman is 156.
So, about how much do homes cost in Sherman? The most recent median value of resident-owned homes in Sherman is 85,525. An estimated 51.9 percent of households in Sherman own their homes, with an average family size of 3.78. The median household income in Sherman is 23,472, with6.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Sherman, the median commute time of resident workers (in minutes) is 21.1. And last, but certainly not least, are you looking for homes to rent in Sherman? If so, the average rent price paid by renters in Sherman is 563, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Sherman, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Sherman is 38.2, split between 39.3 percent male versus 60.7 female. The percentage of residents who report being married in Sherman is 42.8, with an average family size of 3.78.
The percentage of residents who report their race in Sherman is as follows:
|Black / African American
|American Indian / Alaskan Native
|Native Hawaiian / Other Pacifc Islander
Looking for family-friendly neighborhoods in and/or near Sherman? Or maybe you are searching for 55+ active adult communities in and/or near Sherman?
The percentage of residents who report their age in Sherman is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Sherman with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Sherman.
How do you know that living in -- or moving to -- Sherman is right where you need to be? Perhaps you grew up in Sherman or already live nearby; therefore, the decision to buy a home in Sherman is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Sherman for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Sherman:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Sherman.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Sherman can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Sherman, meanwhile, can field multiple offers from more qualified buyers.
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