Sherman, Illinois.
Typical home $339,630 (+6.4% in a year). Springfield, IL metro.
to buy the typical home at today's mortgage rate — +$968 (+119%) since Jan 2020.
- 1 year
- Up $20,465 +6%
- $319,165$339,630 since Sep 2025
- 5 years
- Up $98,054 +41%
- $241,576$339,630 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Sherman$1,783
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Sherman, IL rose 6.4% over the past year — faster than the nation's +1.2%.
Living in Sherman, Sangamon County, Illinois
Sherman is a village of 4,673 people in Sangamon County. Half its households earn more than $148,906 a year and half less, against $75,357 across Sangamon County; 2% of its people live below the poverty line. 90% of its homes are lived in by their owners and 10% are rented. Unemployment in Sangamon County was 3.8% in August 2026, and the county had 2.6% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then government.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Sherman is a village in Sangamon County, just outside Springfield. Residents tend to be older than in most communities, and nearly everyone owns the home they live in. Household incomes run well above the county's, very few people live below the poverty line, and about as many adults hold a four-year degree as not. Winters are cold and snowy, with January highs a little above freezing, while July is warm and summer days can get hot. Rain and melted snow are fairly plentiful across the year.
Work. Many residents work in schools, hospitals and social care, and others hold government jobs, work in professional and business services, or work in shops. The typical commute is a modest one, and a good number of people work from home. Across Sangamon County, larger workplaces include Springfield Memorial Hospital, St. Johns Hospital and Springfield Schools. Unemployment in the county is lower than a year ago, though the county has slightly fewer jobs than it did the year before.
Things to do. Carpenter Park, a protected area, sits in or beside town. A short drive away are the Lincoln Home National Historic Site, a museum, and Lake Springfield, a reservoir. Lincoln's New Salem, another museum, is a longer drive away.
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- 1,585households
- 50%of adults have a degree
- 2%below the poverty line
- 20 mintypical commute
- 15%work from home
What residents work in
Employed residents by industry, from the Census survey. Sangamon County had 130,936 jobs in 2025, 2.6% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 36° and lows near 20°; warmest in July, with highs near 87° and lows near 66°. About 22 inches of snow and 38 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Springfield Capital Airport weather station, 5 miles away (NOAA).
Largest workplaces in Sangamon County
- Springfield Memorial HospitalGeneral hospital3,185FTE
- St. Johns HospitalGeneral hospital1,892FTE
- Springfield SD 186School district1,500FTE
- State of Illinois, Department of Innovation and TechnologyComputer program or software development, custom1,378
- General office/parole/ATCs/adult edCorrectional institutions1,179
- City of SpringfieldCity and town managers' offices1,038
- State ofState tax commissions1,016
- University of Illinois SpringfieldUniversity or college879
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 170 workplaces with 20 or more staff, 30,938 people in all across the county; Sherman has none of its own. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- TornadoesRelatively high
- Cold wavesRelatively high
- Droughtrelatively high in parts of ShermanRelatively moderate
- Hailrelatively high in parts of ShermanRelatively moderate
- Heat wavesrelatively high in parts of ShermanRelatively moderate
- Winter weatherrelatively high in parts of ShermanRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Sherman’s census tracts, against the rest of the country; all of them together, relatively low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Sangamon County and the Springfield, IL metro.
Sherman home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Sherman$339,630
- Illinois$295,943
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Sherman14
New listings per month
Sellers arriving at the market.
- Sherman8
Zip codes with a Sherman address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Sherman — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.