Sherrard, IL
Population 705 · Illinois
About Sherrard, IL
Sherrard is a small community in Illinois with a population of 705 residents. The median household income is $86,932 per year, which is above the national average. The median age in Sherrard is 44.6 years.
Housing in Sherrard has a median home value of $130,400 and median monthly rent of $813. Of the 304 total housing units, the majority are owner-occupied, with 253 owner-occupied and 38 renter-occupied units.
The unemployment rate in Sherrard is 4.1% and the poverty rate is 7.5%. 11.0% of residents hold a bachelor's degree or higher. The average commute time is 26.3 minutes.
Cost of Living in Sherrard, IL
Compared to national averages, Sherrard has a median household income of $86,932 (16% above the national median of $75,149). Home values average $130,400, which is 47% below the national median. Monthly rent at $813 is 30% below the US average of $1,163. Within Illinois, Sherrard's income is 16% above the state average of $75,072, and home values are 21% below the state median of $165,779.
Why Live in Sherrard, IL?
Sherrard offers a strong local economy with a median household income of $86,932, well above the national average, and affordable housing with a median home value of $130,400, below the US average of $244,900, and rent that’s lower than the national average at $813/month. Additionally, the city features a low poverty rate of 7.5%, better than the national average.
Sherrard has a population of 705 with a median age of 44.6 years. Compare Sherrard with other cities to see how it stacks up, or explore all cities in Illinois.
Similar Cities Near Sherrard
Cities in Illinois with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Cedarville | 705 | $59,712 | $110,600 | Compare |
| Matherville | 703 | $80,714 | $136,200 | Compare |
| Tovey | 707 | $81,250 | $78,200 | Compare |
| Aroma Park | 702 | $72,250 | $150,400 | Compare |
| North City | 708 | $50,469 | $107,400 | Compare |
| Augusta | 710 | $41,094 | $86,500 | Compare |
| Bowen | 710 | $70,263 | $74,400 | Compare |
| Green Valley | 700 | $62,986 | $116,700 | Compare |
Demographics
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Economy & Education
Housing
Other Cities in Illinois
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Sherrard
What is the population of Sherrard, IL?
The population of Sherrard, IL is 705 according to the latest Census data.
What is the median household income in Sherrard?
The median household income in Sherrard, IL is $86,932 per year.
What is the median home value in Sherrard?
The median home value in Sherrard, IL is $130,400.
What is the average rent in Sherrard?
The median monthly rent in Sherrard, IL is $813.
What is the unemployment rate in Sherrard?
The unemployment rate in Sherrard, IL is 4.1%.