Sherwood, AR
Population 32,915 · Arkansas
About Sherwood, AR
Sherwood is a mid-sized city located in Arkansas with a population of 32,915 residents according to the latest US Census Bureau American Community Survey data. The median household income is $79,157 per year, which is 5% above the national median of $75,149. The median age of 39.9 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Sherwood features a median home value of $190,900, which is 22% below the national median of $244,900. This positions Sherwood in a moderately priced market relative to the rest of the country. Median monthly rent is $1,011, 13% below the national average of $1,163/month. Of the 14,911 total housing units, 71% are owner-occupied (9,784 units) and 29% are renter-occupied (3,980 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Sherwood shows an unemployment rate of 2.9%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 9.5%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Sherwood have an average one-way commute time of 25.1 minutes.
Education & Demographics
34.5% of Sherwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 2.5% White, 0.5% Hispanic or Latino, 0.1% Black or African American, and 0.8% Asian residents, with 2.5% of the population being foreign-born.
Climate & Weather
Sherwood experiences an annual average temperature of 64.3°F with 49.54" of precipitation per year. The moderate climate offers a balance of seasonal variety without extremes. Summer highs average around 93°F (July–August), while winter lows dip to approximately 40°F (December–January).
How Sherwood Ranks in Arkansas
Cost of Living in Sherwood, AR
Compared to national averages, Sherwood has a median household income of $79,157 (5% above the national median of $75,149). Home values average $190,900, which is 22% below the national median. Monthly rent at $1,011 is 13% below the US average of $1,163. Within Arkansas, Sherwood's income is 52% above the state average of $52,241, and home values are 52% above the state median of $125,457.
Why Live in Sherwood, AR?
Sherwood offers a strong local economy with a median household income of $79,157, well above the national average, and affordable housing with a median home value of $190,900, below the US average of $244,900, and rent that’s lower than the national average at $1,011/month. Additionally, the city features a strong job market with an unemployment rate of just 2.9%, and a well-educated community where 34.5% of residents hold a bachelor’s degree or higher, and a low poverty rate of 9.5%, better than the national average.
Sherwood has a population of 32,915 with a median age of 39.9 years. Compare Sherwood with other cities to see how it stacks up, or explore all cities in Arkansas.
Similar Cities Near Sherwood
Cities in Arkansas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Bella Vista | 30,935 | $85,932 | $262,400 | Compare |
| Paragould | 29,940 | $56,181 | $175,400 | Compare |
| Benton | 35,954 | $69,638 | $199,400 | Compare |
| Texarkana | 29,343 | $47,930 | $162,700 | Compare |
| Jacksonville | 29,285 | $46,947 | $155,300 | Compare |
| Russellville | 29,057 | $48,708 | $166,500 | Compare |
| Hot Springs | 38,023 | $46,441 | $156,900 | Compare |
| Cabot | 26,733 | $72,656 | $197,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Climate & Weather in Sherwood
| Month | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| High °F | 55 | 61 | 64 | 71 | 83 | 91 | 92 | 93 | 87 | 74 | 63 | 57 |
| Low °F | 40 | 43 | 46 | 52 | 63 | 70 | 74 | 74 | 68 | 56 | 45 | 40 |
| Rain " | 7.3 | 5.2 | 7.6 | 5.9 | 2.8 | 3.0 | 4.7 | 2.2 | 1.1 | 5.0 | 2.9 | 1.9 |
Other Cities in Arkansas
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Sherwood With Other Cities
Frequently Asked Questions about Sherwood
What is the population of Sherwood, AR?
The population of Sherwood, AR is 32,915 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Arkansas.
What is the median household income in Sherwood?
The median household income in Sherwood, AR is $79,157 per year, which is 5% above the national median of $75,149.
What is the median home value in Sherwood?
The median home value in Sherwood, AR is $190,900, which is 22% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Sherwood?
The median monthly rent in Sherwood, AR is $1,011, which is 13% below the national average of $1,163/month.
What is the unemployment rate in Sherwood?
The unemployment rate in Sherwood, AR is 2.9%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Sherwood, AR a good place to live?
Sherwood offers above-average incomes, affordable housing, and a strong job market. With a population of 32,915 and a median age of 39.9, the city appeals to a broad range of residents.
How educated is Sherwood, AR?
34.5% of residents in Sherwood aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Sherwood?
Key cost-of-living indicators for Sherwood, AR: median home value is $190,900 (22% below national), median rent is $1,011/month, and median household income is $79,157. The home-value-to-income ratio is 2.4x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Sherwood?
The poverty rate in Sherwood, AR is 9.5%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Sherwood, AR?
Sherwood's population is 2.5% White, 0.5% Hispanic or Latino, 0.1% Black or African American, 0.8% Asian, and 28.9% two or more races. 2.5% of residents are foreign-born.