The typical owner-occupied home in Sherwood is worth about $351,200, 32% above the Wisconsin median of $266,500 and 6% above the national median of $332,700. Owners pay a median $4,626 a year in property taxes, about 1.32% of their home's value, lower than the Wisconsin rate of 1.42%. The median household earns $109,524 a year, so the median home costs 3.2 times the median income (3.4 times for Wisconsin). 97% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Sherwood at a glance
| Sherwood | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $351,200 | $266,500 | $332,700 |
| Median property tax paid per year | $4,626 | $3,792 | $3,119 |
| Property tax as a share of value | 1.32% | 1.42% | 0.94% |
| Median household income | $109,524 | $77,485 | $80,734 |
| Homes lived in by their owners | 97% | 68% | 65% |
| Owner homes with a mortgage | 64% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $2,026 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 20.2% | 19.5% | 21.0% |
| Median rent | $1,173 | $1,087 | $1,413 |
| Rent as a share of renters' income | 36.5% | 27.2% | 30.6% |
| Median year homes were built | 2001 | 1975 | 1980 |
| Vacant homes | 2.0% | 10.8% | 10.1% |
| Population | 3,252 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Sherwood
At this week's average 30-year rate of 7.11%, buying the median Sherwood home of $351,200 with 20% down costs about $2,423 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,008, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $103,830 for the 20%-down payment. That payment is 27% of the median Sherwood household income of $109,524; at that income and 20% down, the 28% guideline points to a home of about $370,000.
The median rent here is $1,173 a month, so owning the median home costs about $1,250 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $70,240 |
|---|---|
| Loan amount | $280,960 |
| Principal and interest | $1,890 |
| Property taxes (1.32% a year) | $386 |
| Homeowners insurance (our estimate, 0.5% a year) | $146 |
| PMI | $0 |
| Total per month | $2,423 |
Change the numbers in the calculator
| Down payment | $12,292 |
|---|---|
| Loan amount | $344,839 |
| Principal and interest | $2,320 |
| Property taxes (1.32% a year) | $386 |
| Homeowners insurance (our estimate, 0.5% a year) | $146 |
| FHA mortgage insurance | $155 |
| Total per month | $3,008 |
Change the numbers in the calculator
Questions about home buying in Sherwood
What is the median home value in Sherwood?
About $351,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sherwood?
Homeowners pay a median $4,626 a year, which is about 1.32% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Sherwood?
For the median home with 20% down at 7.11%, the payment is about $2,423 a month. Keeping that under 28% of gross income takes about $103,830 a year.
More about Sherwood
- Mortgage Refinance in Sherwood
- Debt Relief in Sherwood
- Home Equity Loans in Sherwood
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data