Sherman, TX
Population 45,036 · Texas
About Sherman, TX
Sherman is a mid-sized city located in Texas with a population of 45,036 residents according to the latest US Census Bureau American Community Survey data. The median household income is $60,935 per year, which is 19% below the national median of $75,149. The median age of 35.5 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Sherman features a median home value of $219,300, which is 10% below the national median of $244,900. This positions Sherman in a moderately priced market relative to the rest of the country. Median monthly rent is $1,177, 1% above the national average of $1,163/month. Of the 18,987 total housing units, 53% are owner-occupied (9,230 units) and 47% are renter-occupied (8,188 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 3.3%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 11.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Sherman have an average one-way commute time of 24.1 minutes.
Education & Demographics
23.1% 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 18.9% White, 3.1% Hispanic or Latino, 0.2% Black or African American, and 3.0% Asian residents, with 11.0% of the population being foreign-born.
Cost of Living in Sherman, TX
Compared to national averages, Sherman has a median household income of $60,935 (19% below the national median of $75,149). Home values average $219,300, which is 10% below the national median. Monthly rent at $1,177 is 1% above the US average of $1,163. Within Texas, Sherman's income is 16% below the state average of $72,726, and home values are 4% above the state median of $211,769.
Why Live in Sherman, TX?
Sherman offers affordable housing with a median home value of $219,300, below the US average of $244,900, and a strong job market with an unemployment rate of just 3.3%, and a low poverty rate of 11.9%, better than the national average. Additionally, the city features short commute times averaging just 24.1 minutes.
Potential considerations include median household income ($60,935) 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 45,036 with a median age of 35.5 years. Compare Sherman with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Sherman
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| The Colony | 44,916 | $111,090 | $355,100 | Compare |
| Keller | 45,598 | $172,654 | $557,700 | Compare |
| Haltom City | 45,681 | $56,156 | $194,600 | Compare |
| Waxahachie | 43,591 | $82,449 | $307,900 | Compare |
| Channelview | 43,536 | $65,775 | $186,300 | Compare |
| Huntsville | 46,917 | $45,401 | $225,800 | Compare |
| Schertz | 43,128 | $96,633 | $292,100 | Compare |
| Coppell | 42,029 | $139,227 | $525,300 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
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, TX?
The population of Sherman, TX is 45,036 according to the latest US Census Bureau American Community Survey estimates. This makes it a mid-sized city in Texas.
What is the median household income in Sherman?
The median household income in Sherman, TX is $60,935 per year, which is 19% below the national median of $75,149.
What is the median home value in Sherman?
The median home value in Sherman, TX is $219,300, which is 10% 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, TX is $1,177, which is 1% above the national average of $1,163/month.
What is the unemployment rate in Sherman?
The unemployment rate in Sherman, TX is 3.3%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Sherman, TX a good place to live?
Sherman offers a moderate cost of living, affordable housing, and a strong job market. With a population of 45,036 and a median age of 35.5, the city appeals to a broad range of residents.
How educated is Sherman, TX?
23.1% 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, TX: median home value is $219,300 (10% below national), median rent is $1,177/month, and median household income is $60,935. The home-value-to-income ratio is 3.6x, a moderate figure by national standards.
What is the poverty rate in Sherman?
The poverty rate in Sherman, TX is 11.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Sherman, TX?
Sherman's population is 18.9% White, 3.1% Hispanic or Latino, 0.2% Black or African American, 3.0% Asian, and 9.6% two or more races. 11.0% of residents are foreign-born.