Sherman, TX

Population: 39,296
Average annual home appreciation rate: -7.78%
Total of homes for sale in this market: 170
Median home price: $104,030
Median Rent: $849 per room
Home price range: 38.41% of homes are between $106,001 – $212,000
Median sales price: NO DATA
Number of homes: 27
Median foreclosure sales price: $49,500
Foreclosure discount: NO DATA
Most common home type: 65.60%
Number of vacant homes: 11.04%
Number of renters: 48.43%
Number of owner occupied: 51.57%
Number people living below poverty level: 19.81%
Unemployment rate: 3.90%
Is this area perfect for real estate deals going on right now? Notably, Sherman’s appreciation rate in the latest quarter is one of the lowest in America. Relative to Texas, our data show that Sherman’s latest annual appreciation rate is lower than 50% of the other cities and towns in Texas. Markets such as Sherman can spell opportunity for the savvy cash investor. Based on the fact that down markets can produce properties owned by motivated sellers who are much more willing to negotiate the prices of their properties, when cash is the means of the purchase.

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