Sherwood, MI
Population 388 · Michigan
About Sherwood, MI
Sherwood is a small community in Michigan with a population of 388 residents. The median household income is $56,645 per year, which is near the national average. The median age in Sherwood is 34.7 years.
Housing in Sherwood has a median home value of $72,500 and median monthly rent of $738. Of the 134 total housing units, the majority are owner-occupied, with 111 owner-occupied and 16 renter-occupied units.
The unemployment rate in Sherwood is 12.9% and the poverty rate is 14.7%. 3.3% of residents hold a bachelor's degree or higher. The average commute time is 27.1 minutes.
How Sherwood Ranks in Michigan
Cost of Living in Sherwood, MI
Compared to national averages, Sherwood has a median household income of $56,645 (25% below the national median of $75,149). Home values average $72,500, which is 70% below the national median. Monthly rent at $738 is 37% below the US average of $1,163. Within Michigan, Sherwood's income is 14% below the state average of $66,017, and home values are 60% below the state median of $183,391.
Why Live in Sherwood, MI?
Sherwood offers affordable housing with a median home value of $72,500, below the US average of $244,900, and rent that’s lower than the national average at $738/month.
Potential considerations include median household income ($56,645) that falls below the national average. However, Sherwood’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Sherwood has a population of 388 with a median age of 34.7 years. Compare Sherwood with other cities to see how it stacks up, or explore all cities in Michigan.
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Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Sherwood
What is the population of Sherwood, MI?
The population of Sherwood, MI is 388 according to the latest Census data.
What is the median household income in Sherwood?
The median household income in Sherwood, MI is $56,645 per year.
What is the median home value in Sherwood?
The median home value in Sherwood, MI is $72,500.
What is the average rent in Sherwood?
The median monthly rent in Sherwood, MI is $738.
What is the unemployment rate in Sherwood?
The unemployment rate in Sherwood, MI is 12.9%.