Sherwood, Detroit, MI
Sherwood — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Sherwood, Detroit, Michigan. Explore the cited sources and local facts below while agent underwriting continues.
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Sherwood Neighborhood Overview
Sherwood is a residential neighborhood located on Detroit's east side, anchored by the postal code 48201. The area is characterized by its quiet, tree-lined streets and a mix of historic and newer single-family homes. It offers residents a classic Detroit neighborhood feel with proximity to larger city amenities.
Lifestyle & Amenities
Residents enjoy access to local parks and community spaces that foster a close-knit atmosphere. The neighborhood is primarily residential, with commercial amenities and shopping centers located a short drive away in adjacent districts. This setup provides a balance of suburban tranquility and urban convenience.
Real Estate Market
The median home value in Sherwood is $381,500, according to U.S. Census Bureau ACS 5-Year Estimates (2022). Current market activity shows a price per square foot of approximately $60.28/sqft, according to Redfin market data, indicating a market for modestly sized homes.
Schools & Education
Families in Sherwood are served by the Detroit Public Schools Community District. The area is near several public school options, though specific performance data and ratings for individual schools serving the neighborhood should be verified through district resources.
Transportation & Connectivity
The neighborhood is well-connected by major arterial roads like 8 Mile Road and Gratiot Avenue, facilitating easy car travel to downtown Detroit and surrounding suburbs. Public transportation options include DDOT bus routes, providing essential connectivity for residents without personal vehicles.
Why Choose Sherwood
Sherwood appeals to homebuyers seeking affordability within the city of Detroit, with a median home value below the national average, according to U.S. Census Bureau ACS 5-Year Estimates (2022). Its stable residential character and straightforward connectivity make it a practical choice for those valuing community and accessibility.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Sherwood Market Data
| Metric | Value |
|---|---|
| Median Home Price | $382K |
| Median Gross Rent | $765/mo |
| Median Household Income | $22K |
| Homeownership Rate | 11.4% |
| Renter-Occupied | 88.6% |
| Rental Vacancy Rate | 4.1% |
| Market Type | Balanced |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 48201 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 264,220 |
| VA Loan Originations | 9,916 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $247K |
| Conventional Loan Originations | 227,996 |
| FHA Loan Originations | 26,308 |
Top Real Estate Agents in Sherwood, Detroit
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Sherwood, Detroit, MI. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Michigan Department of Licensing and Regulatory Affairs (LARA) — 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