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Housing Affordability in Sherman, IL
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 11.5%
- Illinois 30.4%
- Renters paying 30%+
- 26.9%
- Illinois 47.9%
- Homeowners paying 30%+
- 9.8%
- Illinois 22.4%
- Owner costs with a mortgage
- $1,995/mo
- Illinois $1,987/mo
Sherman has fewer than 10,000 residents, so these survey estimates have wide margins of error. Compare with care.
Housing costs compared with income
- Renters paying 30% or more4226.9%
- Homeowners paying 30% or more1399.8%
- Renters paying 50% or more2012.8%
- Median rent as a share of income: 22.8%
- Median owner costs as a share of income, with a mortgage: 18.3%
- Median owner costs without a mortgage: $948/mo
- Median home value divided by median household income: 2.0
How it compares
Swipe the table sideways to see more columns.
| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Sherman, IL | 11.5% | 26.9% | 9.8% | 22.8% |
| Sangamon County | 24.2% | 45.8% | 16.2% | 28.2% |
| Illinois | 30.4% | 47.9% | 22.4% | 29.1% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Sherman, IL?
- In Sherman, IL, 11.5% of households spend 30% or more of their income on housing costs.
- How does Sherman compare with Illinois?
- The households paying 30%+ for housing in Sherman is 11.5%, compared with 30.4% for Illinois as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates