Lake Sherwood, WI
Population 382 · Wisconsin
About Lake Sherwood, WI
Lake Sherwood is a small community located in Wisconsin with a population of 382 residents according to the latest US Census Bureau American Community Survey data. The median household income is $88,073 per year, which is 17% above the national median of $75,149. The median age of 63.6 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 Lake Sherwood features a median home value of $279,900, which is 14% above the national median of $244,900. This positions Lake Sherwood in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 533 total housing units, 100% are owner-occupied (220 units) and 0% are renter-occupied (1 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Lake Sherwood shows an unemployment rate of 9.5%, which is significantly above the national rate of 3.7%, suggesting economic challenges in the area. The poverty rate stands at 2.9%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Lake Sherwood have an average one-way commute time of 30.8 minutes.
Education & Demographics
34.9% of Lake Sherwood residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 1.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.5% of the population being foreign-born.
Cost of Living in Lake Sherwood, WI
Compared to national averages, Lake Sherwood has a median household income of $88,073 (17% above the national median of $75,149). Home values average $279,900, which is 14% above the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Wisconsin, Lake Sherwood's income is 21% above the state average of $72,579, and home values are 36% above the state median of $205,802.
Why Live in Lake Sherwood, WI?
Lake Sherwood offers a strong local economy with a median household income of $88,073, well above the national average, and rent that’s lower than the national average at $0/month, and a well-educated community where 34.9% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 2.9%, better than the national average.
Lake Sherwood has a population of 382 with a median age of 63.6 years. Compare Lake Sherwood with other cities to see how it stacks up, or explore all cities in Wisconsin.
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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 Lake Sherwood
What is the population of Lake Sherwood, WI?
The population of Lake Sherwood, WI is 382 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Wisconsin.
What is the median household income in Lake Sherwood?
The median household income in Lake Sherwood, WI is $88,073 per year, which is 17% above the national median of $75,149.
What is the median home value in Lake Sherwood?
The median home value in Lake Sherwood, WI is $279,900, which is 14% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Lake Sherwood?
The median monthly rent in Lake Sherwood, WI is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Lake Sherwood?
The unemployment rate in Lake Sherwood, WI is 9.5%, compared to the national average of 3.7%. Job seekers may want to research the dominant industries in the area.
Is Lake Sherwood, WI a good place to live?
Lake Sherwood offers above-average incomes, a competitive housing market, and growing employment opportunities. With a population of 382 and a median age of 63.6, the city appeals to established professionals and retirees.
How educated is Lake Sherwood, WI?
34.9% of residents in Lake 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 Lake Sherwood?
Key cost-of-living indicators for Lake Sherwood, WI: median home value is $279,900 (14% above national), median rent is $0/month, and median household income is $88,073. The home-value-to-income ratio is 3.2x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Lake Sherwood?
The poverty rate in Lake Sherwood, WI is 2.9%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Lake Sherwood, WI?
Lake Sherwood's population is 1.8% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.5% of residents are foreign-born.