Sherman: Housing & Real Estate
The median Sherman home is valued at $158,900 (estimated market value runs 11% higher at $176,440), with median rent $982 (1.1× higher than Pontotoc County median $864; about the same as Mississippi median $954). Homeownership rate: 58.1%. That's about the same as the Pontotoc County median ($157,100); 1.1× below the Mississippi median ($169,800). Market is warm. Vacancy rate 15.6%. New construction makes up 4.5% of stock. A municipal building code is in effect.
- 3.0× annual income — home value vs. household income (vs Mississippi 3.3×).
- 13.5 years to break even renting at the median (vs Mississippi 14y).
- 4-BR rent is 1.6× a studio — rent gradient by unit size.
Home Values & Rent
Median home value $158,900 — 1.0× the Mississippi median ($165,900). Median rent $982/month. homeownership rate 58.1% — below the U.S. share of ~65%.
| Affordability · Home Price To Income | 3.0× |
|---|---|
| Affordability · Home Affordability | affordable |
| Affordability · Rent Pct Income | 15.5% |
| Affordability · Rent Affordability | affordable |
| Affordability · Pct Severely Rent Burdened | 41.7% |
| Affordability · Poverty Rate | 22.8% |
| Affordability · Property Tax Pct Income | 1.9% |
| Fair Market Rent · Studio rent | $847 (vs Mississippi $800) |
| Fair Market Rent · One-bedroom rent | $852 (vs Mississippi $923) |
| Fair Market Rent · Two-bedroom rent | $994 (vs Mississippi $1,067) |
| Fair Market Rent · Three-bedroom rent | $1,257 (vs Mississippi $1,448) |
| Fair Market Rent · Four-bedroom rent | $1,316 (vs Mississippi $1,612) |
| Fair Market Rent · HUD FMR area | Lee County, MS |
| Fair Market Rent · Fiscal year | FY2026 |
| Home Value Estimate | $176,440 |
| Median Home Value | $158,900 (vs Mississippi $165,900) |
| Median Rent | $982 (vs Mississippi $1,005) |
Sources: HUD FMR FY2026 · Census ACS 5-Year 2023, B25077 · Census ACS 5-Year 2023 · Refreshed 2026-04-12
Tenure & Occupancy
Owner-occupied vs renter-occupied housing units, plus vacancy rates.
| Housing Market · Market temperature | warm |
|---|---|
| Housing Market · Vacancy rate | 15.6% |
| Housing Market · New construction (% of stock) | 4.5% |
| Housing Market · Price Appreciation 2Yr | 4.6% |
Utilities
Electricity, water, and broadband infrastructure serving residents. Broadband percentages reflect the share of premises that can subscribe to service at the listed speed (FCC Form 477).
Systems (1)
| Broadband · % of premises with 25/3 Mbps broadband | 100.0% (at Mississippi median) |
|---|---|
| Broadband · % of premises with 100/20 Mbps broadband | 100.0% (at Mississippi median) |
| Broadband · % of premises with 250/25 Mbps broadband | 100.0% (at Mississippi median) |
| Broadband · % of premises with 1 Gbps / 100 Mbps broadband | 89.6% (vs Mississippi 75.6%) |
| Broadband · Broadband-capable premises | 337 |
| Electricity · Electricity rate (¢/kWh) | 13.39¢/kWh |
| Electricity · Customers | 1340459 |
| Electricity · Revenue Millions | $2,490 |
| Electricity · Year | 2024 |
| Mobile Broadband · 3G mobile coverage | 0.000000000 |
| Mobile Broadband · 4G mobile coverage | 1.000000000 (at Mississippi median) |
| Mobile Broadband · 5G mobile coverage | 0.948717949 (vs Mississippi 100.0%) |
| Mobile Home Parks Detail · County total | 2 |
Sources: FCC BDC Jun 2025 · EIA Annual Retail Sales 2023 · FCC BDC Mobile 2024 · HIFLD / IRS BMF · Refreshed 2026-04-12
Other
| Homeownership Rate | 58.1% (at Mississippi median) |
|---|---|
| Median Year Built | 1984 |
Sources: Census ACS 5-Year 2023 · Refreshed 2026-04-12