Sherman County, Nebraska Housing Market Prices
Sherman County 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 87% below the Nebraska median Cheaper than 86% of counties in Nebraska$23,408
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Median rent 24% below the Nebraska median$818
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sherman County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $23,408 | $175,282 | $248,835 |
| Price Trend (Annual %) | -17.1% | 7.7% | 7.5% |
| Median Gross Rent | $818 | $1,071 | $1,407 |
| Rent Trend (Annual %) | 5.8% | 4.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sherman County is about 87% lower than in Nebraska. Rent is about 24% lower than the Nebraska average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Sherman County: home prices fell about 17.1% a year while rent rose about 5.8% a year. That is an unusual pattern worth watching.
Median rent in Sherman County rose about 57.3% between 2015 and 2024, from $520 to $818. Over the same span, rent in Nebraska rose about 47.6%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Sherman County.
Buying the median-priced home in Sherman County costs roughly 2.4 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 Sherman County. The price-to-rent ratio in Nebraska is about 13.6.
| Metric | Sherman County | Nebraska Avg | US Average |
|---|---|---|---|
| Median Home Price | $23,408 | $175,282 | $248,835 |
| Median Household Income | $62,401 | $76,615 | $80,455 |
| Price-to-Income Ratio | 0.4 | 2.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sherman County fell about 93.7%, while median household income rose about 59.6% 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 | Sherman County | Nebraska Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.6% | 61.5% | 58.5% |
| Rental Rate | 18.2% | 30.9% | 31.2% |
| Vacancy Rate | 26.2% | 7.6% | 10.2% |
| Median Tenure (years) | 19.0 | 14.0 | 15.0 |
| Median Year Moved In | 2007 | 2012 | 2011 |
Sherman County has a homeownership rate of 55.6%, lower than the Nebraska average of 61.5%. Its housing vacancy rate is 26.2%, compared with 7.6% in Nebraska.
Housing Stock
| Metric | Sherman County | Nebraska Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.20 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1959 | 1974 | 1978 |
| Median Number of Rooms | 6.0 | 6.1 | 5.5 |
The typical housing unit in Sherman County was built around 1959. On average, 2.2 people live in a home with about 6.0 rooms, staying for about 19.0 years on average.
Sherman County, NE Housing Compared With Nearby Counties
How Sherman County, NE compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sherman County, NE | 2,967 | $23,408 #3/3 | $818 #3/3 | 75.4% #1/3 |
| Buffalo County, NE | 50,579 | $238,571 | $935 | 66.4% |
| Hall County, NE | 62,536 | $243,292 | $942 | 62.0% |
Frequently Asked Questions
Common questions about the housing market in Sherman County, Nebraska.
What is the median home price in Sherman County, Nebraska?
The median home price in Sherman County, Nebraska is $23,408, lower than the Nebraska average of $175,282.
What is the average home price in Sherman County, Nebraska?
The typical home price in Sherman County, Nebraska, reported as the median sale price, is $23,408. 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 Sherman County, Nebraska?
The median gross rent in Sherman County, Nebraska is $818 per month, lower than the Nebraska average of $1,071.
What was the median gross rent in Sherman County in 2020?
In 2020, the median gross rent in Sherman County, Nebraska was $609 per month.
What is the price-to-rent ratio in Sherman County, Nebraska?
The price-to-rent ratio in Sherman County, Nebraska is about 2.4, meaning it would take roughly 2.4 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 Sherman County.
Are home prices or rent rising faster in Sherman County, Nebraska?
Home prices and rent are moving in opposite directions in Sherman County: home prices fell about 17.1% a year while rent rose about 5.8% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Sherman County, Nebraska?
55.6% of households in Sherman County, Nebraska own their home, lower than the Nebraska average of 61.5%.
What is the vacancy rate in Sherman County, Nebraska?
The housing vacancy rate in Sherman County, Nebraska is 26.2%, higher than the Nebraska average of 7.6%.
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