Sherman, Elkhart, IN
Sherman — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Sherman, Elkhart, Indiana. Explore the cited sources and local facts below while agent underwriting continues.
Last verified:
Sherman Neighborhood Overview
Sherman is a residential neighborhood located in the city of Elkhart, Indiana. It offers a quiet, community-focused atmosphere within the larger urban area. The neighborhood is characterized by its high rate of homeownership and family-friendly environment.
Lifestyle & Amenities
Residents enjoy a suburban lifestyle with convenient access to local parks and everyday shopping needs. The neighborhood provides a peaceful setting while remaining close to Elkhart's broader commercial and recreational offerings. Its central location makes it a practical base for exploring the wider region.
Real Estate Market
The Sherman housing market is defined by affordability, with a median home value of $167,600. Homes sell for a median price per square foot of $155.44 and typically stay on the market for an average of 119 days. The rental market is also accessible, with a median monthly rent of $1,017.
Schools & Education
Families in Sherman are served by the Elkhart Community Schools district. The neighborhood's proximity to various district schools provides convenient educational options for children. The area supports a family-oriented demographic with a median household income of $60,300.
Transportation & Connectivity
Sherman benefits from good connectivity via major local roads that link it to downtown Elkhart and key regional highways. This provides residents with straightforward commutes to employment centers throughout the Elkhart-Goshen area. The neighborhood's layout is primarily designed for vehicular travel.
Why Choose Sherman
Sherman is an ideal choice for homebuyers seeking an affordable, stable community in Elkhart. Its high homeownership rate of 73% reflects a neighborhood of invested residents. The combination of reasonable living costs, a central location, and a quiet atmosphere makes it a compelling value in the local market.
Sherman Market Data
| Metric | Value |
|---|---|
| Median Home Price | $168K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $60K |
| Homeownership Rate | 73.2% |
| Renter-Occupied | 26.8% |
| Rental Vacancy Rate | 7.3% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP Code | 46514 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 200,703 |
| VA Loan Originations | 9,853 |
| VA Loan Share | 0.1% |
| Average VA Loan Amount | $255K |
| Conventional Loan Originations | 166,323 |
| FHA Loan Originations | 24,527 |
Top Real Estate Agents in Sherman, Elkhart
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Sherman, Elkhart, IN. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Indiana Real Estate Commission (IREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15