Sherwood, MI
Full City Profile · Michigan · Branch County County
2.9
/5.0
C+
Fair
388
Population
388/sq mi density
$56,645
Median Income
$23,490 per capita
$72,500
Home Value
$159,084 Zillow
$738
Median Rent
22.5% income on rent
48°F
Avg Temperature
C+
Overall
2.9 / 5.0
Fair overall score based on economy, affordability, safety and education
C
Economy
2.4 / 5.0
$56,645 median income, 12.9% unemployment
A+
Affordability
5.0 / 5.0
$72,500 home value, $738/mo rent
F
Education
1.3 / 5.0
3.3% bachelor's degree or higher
Housing Overview
Median Home Value
$72,500
74% below
US avg: $281,900
Median Rent
$738/mo
37% below
US avg: $1,163/mo
Homeownership Rate
87.4%
34% above US avg (65.4%)
Total Housing Units
144
Median year built: 1938
Home Value by Source
Census Median
$72,500
Zillow (ZHVI)
$159,084
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
87.4%
Owner-Occupied
12.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$738/mo
Affordability & Housing Stock
Rent Burden
22.5%
of renters spending 30%+ of income on housing
27% below US avg (31.0%)
Median Year Built
1938
Average age of housing stock: 88 years
Homeownership Rate
87.4%
Complete Housing Data
Home Values
| Census Median Value | $72,500 |
| Zillow Home Value (ZHVI) | $159,084 |
Rent
| Census Median Rent | $738 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 87.4% |
| Renter-Occupied | 12.6% |
| Homeownership Rate | 87.4% |
| Total Housing Units | 144 |
| Median Year Built | 1938 |
| Rent Burden | 22.5% |