Sherman, MS
Population 515 · Mississippi
About Sherman, MS
Sherman is a small community in Mississippi with a population of 515 residents. The median household income is $57,969 per year, which is near the national average. The median age in Sherman is 49.9 years.
Housing in Sherman has a median home value of $151,900 and median monthly rent of $679. Of the 250 total housing units, the majority are owner-occupied, with 136 owner-occupied and 75 renter-occupied units.
The unemployment rate in Sherman is 5.9% and the poverty rate is 14.0%. 15.8% of residents hold a bachelor's degree or higher. The average commute time is 22.3 minutes.
Cost of Living in Sherman, MS
Compared to national averages, Sherman has a median household income of $57,969 (23% below the national median of $75,149). Home values average $151,900, which is 38% below the national median. Monthly rent at $679 is 42% below the US average of $1,163. Within Mississippi, Sherman's income is 16% above the state average of $49,929, and home values are 21% above the state median of $125,705.
Why Live in Sherman, MS?
Sherman offers affordable housing with a median home value of $151,900, below the US average of $244,900, and rent that’s lower than the national average at $679/month, and short commute times averaging just 22.3 minutes.
Potential considerations include median household income ($57,969) that falls below the national average. However, Sherman’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Sherman has a population of 515 with a median age of 49.9 years. Compare Sherman with other cities to see how it stacks up, or explore all cities in Mississippi.
Similar Cities Near Sherman
Cities in Mississippi with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Lakeview | 516 | $0 | $320,000 | Compare |
| Kilmichael | 520 | $41,333 | $83,800 | Compare |
| Lake | 523 | $37,813 | $73,900 | Compare |
| North Tunica | 507 | $0 | $0 | Compare |
| Hermanville | 527 | $0 | $26,400 | Compare |
| Mantee | 527 | $93,875 | $117,400 | Compare |
| Sandersville | 503 | $47,167 | $105,200 | Compare |
| Shubuta | 502 | $48,750 | $77,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Mississippi
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Sherman With Other Cities
Frequently Asked Questions about Sherman
What is the population of Sherman, MS?
The population of Sherman, MS is 515 according to the latest Census data.
What is the median household income in Sherman?
The median household income in Sherman, MS is $57,969 per year.
What is the median home value in Sherman?
The median home value in Sherman, MS is $151,900.
What is the average rent in Sherman?
The median monthly rent in Sherman, MS is $679.
What is the unemployment rate in Sherman?
The unemployment rate in Sherman, MS is 5.9%.