Sherman County, Kansas Housing Market
In Sherman County, Kansas, the median home value is $136,700, with a median monthly rent of $913. This places Sherman County at #2407 nationally out of 3134 counties by median home value, and #40 within Kansas.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $855
- Establishments: 250
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 4
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,291 (avg $64,039)
- Outflow: 2,113 (avg $64,845)
- IRS Statistics of Income
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| Metric | Sherman County | Kansas Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $136,700 | $138,824 | $227,706 |
| Median Gross Rent | $913 | $802 | $968 |
| Owner Occupancy Rate | 65.5% | 74.2% | 73.3% |
| Price/Rent Ratio | 12.5 | 14.2 | 18.7 |
Market Analysis
The median home value in Sherman County is 1.5% below the Kansas state average and 40.0% below the U.S. national average. The median rent of $913/month is 13.8% above the state average.
With a price-to-rent ratio of 12.5, buying a home in Sherman County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Sherman County has an owner-occupancy rate of 65.5%, compared to 74.2% in Kansas and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Grant County | Nebraska | $136,700 | $867 |
| Crawford County | Ohio | $136,700 | $794 |
| Fayette County | Iowa | $136,800 | $881 |
| Walworth County | South Dakota | $136,600 | $926 |
| Escambia County | Alabama | $136,500 | $766 |
Other Counties in Kansas
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Seward County | $136,500 | $905 | 61.8% |
| Doniphan County | $135,200 | $776 | 81.1% |
| Sumner County | $135,100 | $825 | 75.1% |
| Mitchell County | $133,800 | $604 | 69.0% |
| Crawford County | $132,600 | $849 | 60.8% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).