Explore US City Sherman, IL - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots
Sherman, IL real estate snapshot: Pulse Score pending, cap rate –%, median price $405,700. Below: live market insights, demographics, crime overview, investment hotspots, and nearby areas.
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Cap Rate
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Investor Friendly Score
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Median Price
$405,700
Market Insights
The housing market in Sherman continues to see strong price appreciation, with values up 19.3% compared to last year. Home prices have decreased 5.1% in the past month. At the current pace, all available homes in Sherman would sell out in just 1.3 months, indicating a continued supply shortage. Transaction volume is up 100% compared to what's typically expected this time of year. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Sherman market with the affordability index at 680.7. Based on current market indicators, home prices in Sherman are projected to decrease by approximately 19.4% over the next month.
Demographics market for - Sherman, IL
Total Population -
4,619
White Race
90%
African American Race
6%
Crime for City - Sherman, IL
Real Estate Market Prediction for - Sherman, IL
City Hotspots Map
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Nearby Cities From Sherman, IL
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FAQ about Sherman, IL
The Pulse Score combines property value appreciation, rental income potential, market liquidity, demographic trends, and crime/safety signals into a single 0–100 grade. Higher scores indicate stronger investor fundamentals.
Investment quality depends on your goals. Use the cap rate, investor-friendly score, demographic insights, and crime data on this page to evaluate Sherman, IL for buy-and-hold, fix-and-flip, or short-term rental strategies.
Our analysis combines public datasets (US Census Bureau, FBI Uniform Crime Reporting, HUD, BLS) with proprietary short-term rental performance and active MLS feeds, refreshed on a regular cadence.
Use the “Related analysis” section on this page to jump to the dedicated crime report, school ratings, and state-level short-term rental market analysis for Sherman, IL.
Data sources & further reading
PulseReal’s analysis is built on top of these public, authoritative datasets.
Official UCR crime statistics by state and agency from the FBI.
Population, demographics, housing, and income data from the US Census Bureau.
Encyclopedic overview of the city, history, and notable landmarks.
Housing affordability, fair-market rents, and market reports from HUD.
Local unemployment and employment data from the Bureau of Labor Statistics.
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Does a rental pencil out in Sherman, IL?
A median-priced home ($405,700) at the average rent ($942/mo), with 25% down at 7.25%, after property tax, insurance, vacancy, repairs, reserves and management.
-$2,529/mo
Cash flow on a median home
-26.7%
Cash-on-cash return
-0.22
DSCR
$5,090/mo
Rent needed for a 1.25 DSCR
$5,043/yr
Landlord insurance, hazard-adjusted