Sherman, NY
Population 639 · New York
About Sherman, NY
Sherman is a small community located in New York with a population of 639 residents according to the latest US Census Bureau American Community Survey data. The median household income is $48,958 per year, which is 35% below the national median of $75,149. The median age of 40.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Sherman features a median home value of $107,400, which is 56% below the national median of $244,900. This makes Sherman one of the more affordable markets in the country, potentially attractive for first-time homebuyers. Median monthly rent is $543, 53% below the national average of $1,163/month. Of the 277 total housing units, 66% are owner-occupied (167 units) and 34% are renter-occupied (85 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Sherman shows an unemployment rate of 2.7%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 17.2%, above the national average of 12.4%. Workers in Sherman have an average one-way commute time of 19.9 minutes, one of the shorter commutes in the region.
Education & Demographics
15.9% of Sherman residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 0.0% White, 1.6% Hispanic or Latino, 0.5% Black or African American, and 0.0% Asian residents, with 1.3% of the population being foreign-born.
How Sherman Ranks in New York
Cost of Living in Sherman, NY
Compared to national averages, Sherman has a median household income of $48,958 (35% below the national median of $75,149). Home values average $107,400, which is 56% below the national median. Monthly rent at $543 is 53% below the US average of $1,163. Within New York, Sherman's income is 50% below the state average of $96,987, and home values are 72% below the state median of $387,181.
Why Live in Sherman, NY?
Sherman offers affordable housing with a median home value of $107,400, below the US average of $244,900, and rent that’s lower than the national average at $543/month, and a strong job market with an unemployment rate of just 2.7%. Additionally, the city features short commute times averaging just 19.9 minutes.
Potential considerations include median household income ($48,958) 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 639 with a median age of 40.4 years. Compare Sherman with other cities to see how it stacks up, or explore all cities in New York.
Similar Cities Near Sherman
Cities in New York with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Glen Park | 639 | $50,227 | $171,700 | Compare |
| Chaumont | 640 | $73,750 | $199,000 | Compare |
| Star Lake | 640 | $59,286 | $83,600 | Compare |
| Willsboro Point | 640 | $127,658 | $288,600 | Compare |
| La Fargeville | 637 | $0 | $173,900 | Compare |
| Scio | 641 | $0 | $125,200 | Compare |
| Croghan | 642 | $49,583 | $145,500 | Compare |
| Sharon Springs | 635 | $50,865 | $117,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in New York
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, NY?
The population of Sherman, NY is 639 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in New York.
What is the median household income in Sherman?
The median household income in Sherman, NY is $48,958 per year, which is 35% below the national median of $75,149.
What is the median home value in Sherman?
The median home value in Sherman, NY is $107,400, which is 56% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Sherman?
The median monthly rent in Sherman, NY is $543, which is 53% below the national average of $1,163/month.
What is the unemployment rate in Sherman?
The unemployment rate in Sherman, NY is 2.7%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Sherman, NY a good place to live?
Sherman offers a moderate cost of living, affordable housing, and a strong job market. With a population of 639 and a median age of 40.4, the city appeals to a broad range of residents.
How educated is Sherman, NY?
15.9% of residents in Sherman aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Sherman?
Key cost-of-living indicators for Sherman, NY: median home value is $107,400 (56% below national), median rent is $543/month, and median household income is $48,958. The home-value-to-income ratio is 2.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Sherman?
The poverty rate in Sherman, NY is 17.2%, compared to the national average of 12.4%. Residents and prospective movers should be aware of the economic challenges facing parts of this community.
How diverse is Sherman, NY?
Sherman's population is 0.0% White, 1.6% Hispanic or Latino, 0.5% Black or African American, 0.0% Asian, and 0.6% two or more races. 1.3% of residents are foreign-born.