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Sherwood

Learn about the people, housing, costs and businesses in Sherwood, Ohio

Median Home$269,637
Median Rent$1,212/month
Population3,928
Leading IndustriesArts, Food & Hospitality · Healthcare · Public Administration16% arts, food & hospitality
Home Value Growth⬆⬆+18.6% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners86% of occupied units
NotableHighly Educated32% bachelor's · 14% graduate · top 6% nationally
NotableAmenity Score76/100 · highly walkable area
Sherwood
OH

Frequently Asked Questions

What are today's mortgage rates in Sherwood?

As of today, the 30-year fixed mortgage rate for Sherwood is approximately 6.939% (6.977% 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 Sherwood?

The median home value in Sherwood is $270k. The median monthly rent is $1,212. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sherwood?

Home values in Sherwood have increased 18.6% 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 Sherwood?

Based on a typical all-in ownership cost of $1,510/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $65k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sherwood is $95k/year.

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What industries drive the economy in Sherwood?

The largest employment sectors in Sherwood are public administration (27%) and healthcare (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.