Sherwood, Arkansas Housing Market Prices
Sherwood Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 12% below the Arkansas median$97,982
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Median rent 13% above the Arkansas median$1,070
Housing Market Overview
| Metric | Sherwood | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,982 | $111,957 | $248,835 |
| Price Trend (Annual %) | 2.1% | 3.4% | 7.5% |
| Median Gross Rent | $1,070 | $947 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sherwood is about 12% lower than in Arkansas. Rent is about 13% higher than the Arkansas average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Sherwood, up about 2.1% and 3.4% a year respectively. Rent is changing faster.
Median rent in Sherwood rose about 32.8% between 2015 and 2024, from $806 to $1,070. Over the same span, rent in Arkansas rose about 40.1%.
Affordability
On average, housing unit costs 1.3 yearly household incomes in Sherwood.
Buying the median-priced home in Sherwood costs roughly 7.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Sherwood. The price-to-rent ratio in Arkansas is about 9.9.
| Metric | Sherwood | Arkansas Avg | US Average |
|---|---|---|---|
| Median Home Price | $97,982 | $111,957 | $248,835 |
| Median Household Income | $77,963 | $60,940 | $80,455 |
| Price-to-Income Ratio | 1.3 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sherwood fell about 10.2%, while median household income rose about 32.5% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Sherwood | Arkansas Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.6% | 57.4% | 58.5% |
| Rental Rate | 27.4% | 29.0% | 31.2% |
| Vacancy Rate | 7.0% | 13.5% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Sherwood has a homeownership rate of 65.6%, higher than the Arkansas average of 57.4%. Its housing vacancy rate is 7.0%, compared with 13.5% in Arkansas.
Housing Stock
| Metric | Sherwood | Arkansas Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1990 | 1987 | 1978 |
| Median Number of Rooms | 5.9 | 5.5 | 5.5 |
The typical housing unit in Sherwood was built around 1990. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 13.0 years on average.
Sherwood, AR Housing Compared With Nearby Cities
How Sherwood, AR compares with the 2 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sherwood, AR | 30,507 | $97,982 #3/3 | $1,070 #1/3 | 70.5% #1/3 |
| North Little Rock, AR | 58,195 | $125,680 | $1,056 | 44.9% |
| Jacksonville, AR | 24,180 | $135,829 | $974 | 52.0% |
Frequently Asked Questions
Common questions about the housing market in Sherwood, Arkansas.
What is the median home price in Sherwood, Arkansas?
The median home price in Sherwood, Arkansas is $97,982, lower than the Arkansas average of $111,957.
What is the average home price in Sherwood, Arkansas?
The typical home price in Sherwood, Arkansas, reported as the median sale price, is $97,982. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Sherwood, Arkansas?
The median gross rent in Sherwood, Arkansas is $1,070 per month, higher than the Arkansas average of $947.
What was the median gross rent in Sherwood in 2020?
In 2020, the median gross rent in Sherwood, Arkansas was $877 per month.
What is the price-to-rent ratio in Sherwood, Arkansas?
The price-to-rent ratio in Sherwood, Arkansas is about 7.6, meaning it would take roughly 7.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Sherwood.
Are home prices or rent rising faster in Sherwood, Arkansas?
Both home prices and rent are rising in Sherwood, up about 2.1% and 3.4% a year respectively. Rent is changing faster.
What is the homeownership rate in Sherwood, Arkansas?
65.6% of households in Sherwood, Arkansas own their home, higher than the Arkansas average of 57.4%.
What is the vacancy rate in Sherwood, Arkansas?
The housing vacancy rate in Sherwood, Arkansas is 7.0%, lower than the Arkansas average of 13.5%.
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