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Lake Sherwood

Learn about the people, housing, costs and businesses in Lake Sherwood, Wisconsin

Median Home$280,800
Median Rent$1,411/month
Population376
Leading IndustriesTransportation · Retail · Education4% transportation
Home Value Growth⬆⬆⬆+26.0% over 2 years
Retirees46% of residentstop 1% nationally
Homeowners95% of occupied units
NotableHighly Educated27% hold a bachelor's degree · top 14% nationally
NotableVeteran Community10% of residents · top 14% nationally
Lake Sherwood
WI

Frequently Asked Questions

What are today's mortgage rates in Lake Sherwood?

As of today, the 30-year fixed mortgage rate for Lake Sherwood is approximately 7.009% (7.049% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Lake Sherwood?

The median home value in Lake Sherwood is $281k. The median monthly rent is $1,411. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lake Sherwood?

Home values in Lake Sherwood have increased 26.0% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lake Sherwood?

Based on a typical all-in ownership cost of $965/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $41k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lake Sherwood is $79k/year.

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What industries drive the economy in Lake Sherwood?

The largest employment sectors in Lake Sherwood are public administration (19%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.