Sherman, MS
Full City Profile · Mississippi · Lee County County
3.5
/5.0
B+
Good
515
Population
296/sq mi density
$57,969
Median Income
$31,315 per capita
$151,900
Home Value
$191,940 Zillow
$679
Median Rent
20.0% income on rent
64°F
Avg Temperature
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.2 / 5.0
$57,969 median income, 5.9% unemployment
A+
Affordability
5.0 / 5.0
$151,900 home value, $679/mo rent
C
Education
2.3 / 5.0
15.8% bachelor's degree or higher
Housing Overview
Median Home Value
$151,900
46% below
US avg: $281,900
Median Rent
$679/mo
42% below
US avg: $1,163/mo
Homeownership Rate
64.5%
1% below US avg (65.4%)
Total Housing Units
288
Median year built: 1981
Home Value by Source
Census Median
$151,900
Zillow (ZHVI)
$191,940
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
64.5%
Owner-Occupied
35.5%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$751/mo
1 Bedroom
$782/mo
2 Bedroom
$924/mo
3 Bedroom
$1,177/mo
4 Bedroom
$1,295/mo
Census median rent:
$679/mo
Affordability & Housing Stock
Rent Burden
20.0%
of renters spending 30%+ of income on housing
35% below US avg (31.0%)
Median Year Built
1981
Average age of housing stock: 45 years
Homeownership Rate
64.5%
Complete Housing Data
Home Values
| Census Median Value | $151,900 |
| Zillow Home Value (ZHVI) | $191,940 |
Rent
| Census Median Rent | $679 |
| FMR Studio | $751 |
| FMR 1-Bedroom | $782 |
| FMR 2-Bedroom | $924 |
| FMR 3-Bedroom | $1,177 |
| FMR 4-Bedroom | $1,295 |
Market
Ownership & Stock
| Owner-Occupied | 64.5% |
| Renter-Occupied | 35.5% |
| Homeownership Rate | 64.5% |
| Total Housing Units | 288 |
| Median Year Built | 1981 |
| Rent Burden | 20.0% |