Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.4 yrs |
|---|---|
| Avg HH Size | 2.76 |
| Below Poverty | 16.1% ▲ 61% above avg |
| College Grads | 20.1% ▼ 48% below avg |
| Unemployment | 8.4% ▲ 72% above avg |
| No HS Diploma | 5 (0.4%) |
| HS Graduate | 648 (49.1%) |
| Some College | 229 (17.3%) |
| Associates | 173 (13.1%) |
| Bachelors | 131 (9.9%) |
| Graduate Degree | 135 (10.2%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $61,900 ▼ 19% below avg |
|---|---|
| Median Home Value | $121,400 ▼ 56% below avg |
| Home/Income Ratio | 2.0x (nat avg ~3.5x) |
| Median Rent | $841/mo |
| Total Housing Units | 795 |
| Vacant Units | 55 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Sherwood is a city in Michigan, located in Branch County. The city spans 1 ZIP code and is home to approximately 2,044 residents. It is a mature city, with a median age of 45.4 years.
Economically, Sherwood is a solidly middle-class community. The median household income of $61,900 is below the national average. Approximately 16.1% of residents live below the poverty line. The unemployment rate is 8.4%, significantly above the national average.
The real estate market in Sherwood is one of the more affordable housing markets in the country. Median home values stand at $121,400, which is well below the national average. Renters typically pay around $841 per month. Homeownership is high at 86.2%, typical of suburban and family-oriented communities.
The population of Sherwood is less-educated. 20.1% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (93.1%).
Sherwood, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49089 | 2,044 | $61,900 | $121,400 | $841 | 8.4% | 20.1% | 86.2% |