Sherwood, OH
Population 3,259 · Ohio
About Sherwood, OH
Sherwood is a small town located in Ohio with a population of 3,259 residents according to the latest US Census Bureau American Community Survey data. The median household income is $132,653 per year, which is 77% above the national median of $75,149. The median age of 49.9 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Sherwood features a median home value of $273,900, which is 12% above 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 $774, 33% below the national average of $1,163/month. Of the 1,494 total housing units, 95% are owner-occupied (1,415 units) and 5% are renter-occupied (79 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Sherwood shows an unemployment rate of 5.3%, which is near the national rate of 3.7%. The poverty rate stands at 2.1%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Sherwood have an average one-way commute time of 19.3 minutes, one of the shorter commutes in the region.
Education & Demographics
58.3% of Sherwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This significantly higher educational attainment rate often correlates with access to knowledge-economy jobs and higher household incomes. The community's demographic composition includes 0.3% White, 0.2% Hispanic or Latino, 0.0% Black or African American, and 3.3% Asian residents, with 6.4% of the population being foreign-born.
Cost of Living in Sherwood, OH
Compared to national averages, Sherwood has a median household income of $132,653 (77% above the national median of $75,149). Home values average $273,900, which is 12% above the national median. Monthly rent at $774 is 33% below the US average of $1,163. Within Ohio, Sherwood's income is 85% above the state average of $71,814, and home values are 57% above the state median of $174,449.
Why Live in Sherwood, OH?
Sherwood offers a strong local economy with a median household income of $132,653, well above the national average, and rent that’s lower than the national average at $774/month, and a well-educated community where 58.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.1%, better than the national average, and short commute times averaging just 19.3 minutes.
Sherwood has a population of 3,259 with a median age of 49.9 years. Compare Sherwood with other cities to see how it stacks up, or explore all cities in Ohio.
Similar Cities Near Sherwood
Cities in Ohio with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Loudonville | 3,249 | $54,508 | $151,400 | Compare |
| Minerva | 3,274 | $52,755 | $113,100 | Compare |
| Hicksville | 3,228 | $64,473 | $142,500 | Compare |
| South Point | 3,228 | $80,689 | $175,200 | Compare |
| Minster | 3,213 | $91,250 | $258,000 | Compare |
| Lordstown | 3,329 | $64,503 | $161,900 | Compare |
| Mayfield | 3,330 | $120,682 | $281,700 | Compare |
| Jefferson | 3,347 | $47,469 | $189,500 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Ohio
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, OH?
The population of Sherwood, OH is 3,259 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Ohio.
What is the median household income in Sherwood?
The median household income in Sherwood, OH is $132,653 per year, which is 77% above the national median of $75,149.
What is the median home value in Sherwood?
The median home value in Sherwood, OH is $273,900, which is 12% above 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, OH is $774, which is 33% below the national average of $1,163/month.
What is the unemployment rate in Sherwood?
The unemployment rate in Sherwood, OH is 5.3%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Sherwood, OH a good place to live?
Sherwood offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 3,259 and a median age of 49.9, the city appeals to established professionals and retirees.
How educated is Sherwood, OH?
58.3% 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, OH: median home value is $273,900 (12% above national), median rent is $774/month, and median household income is $132,653. The home-value-to-income ratio is 2.1x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Sherwood?
The poverty rate in Sherwood, OH is 2.1%, 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, OH?
Sherwood's population is 0.3% White, 0.2% Hispanic or Latino, 0.0% Black or African American, 3.3% Asian, and 0.0% two or more races. 6.4% of residents are foreign-born.