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Sherwood

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

Median Home$212,332
Median Rent$1,068/month
Population31,899
Leading IndustryManufacturing1% of local workforce
Home Value Growth+10.7% over 2 years
Young Adults26% of residents
Homeowners70% of occupied units
NotableVeteran Community11% of residents · top 9% nationally
NotableAmenity Score71/100 · highly walkable area
Sherwood
AR

Frequently Asked Questions

What are today's mortgage rates in Sherwood?

As of today, the 30-year fixed mortgage rate for Sherwood is approximately 6.902% (6.938% 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 $212k. The median monthly rent is $1,068. Annual property taxes average $2k. 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 10.7% 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 $1,089/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sherwood is $79k/year.

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What industries drive the economy in Sherwood?

The largest employment sectors in Sherwood are public administration (23%) and retail (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.