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Sherwood, MI
Full City Profile · Michigan · Branch County County
3.0
/5.0
B
Good
388
Population
388/sq mi density
$56,645
Median Income
$23,490 per capita
$72,500
Home Value
$146,480 Zillow
$738
Median Rent
22.5% income on rent
48°F
Avg Temperature
275 sunny days/yr
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.1 / 5.0
$56,645 median income, 5.2% unemployment
A+
Affordability
5.0 / 5.0
$72,500 home value, $738/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
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)
$146,480
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) | $146,480 |
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% |