Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$280,299−4.6% YoY · prices are falling fast
Market right nowBalanced, leaning buyersFewer homes for sale than last year, 20% have cut their price
Income needed to buy, per year$60,763About 0.8× the local median income ($72,865): affordable for a typical household
Days on market77 daysFaster than a year ago: sellers have the edge
Next 12 months−1.7%Zillow expects prices to dip slightly
The typical home in Sherman-Denison, TX is worth $280,299, down 4.6% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $272,876, so the area is 2.7% overvalued. It is a balanced market, leaning toward buyers: homes take about 77 days to sell, listings are down 4% from a year ago, 20% of listings have had a price cut. Zillow expects prices to fall about 1.7% over the next year. A household needs about $60,763 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,865. Typical rent is $1,358 a month, or $1,664 for a house. In the latest IRS figures, 2,226 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$280,299
Change in 1 year
−4.6%
Overvalued %
+2.7%
Show 7 more
Fair home value
$272,876
Change in 5 years
+8.8%
Zillow forecast, next 12 months
−1.7%
Home value to income
3.8×
Monthly mortgage payment (20% down)
$1,519
Income needed to afford it
$60,763
Property tax rate
1.27%
Rent and investing
Typical rent
$1,358
Typical rent for houses
$1,664
Price-to-rent ratio
17.2×
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HUD Fair Market Rent, 2 bedrooms
$1,395
Gross rental yield
5.82%
Cap rate (estimate)
3.78%
Market activity
Listings vs a year ago
−4.4%
Days on market
77
Listings with a price cut
19.5%
Show 3 more
Homes for sale
1,230
Pending sales per 100 listings
19
Asking price per sq ft
$178
People and jobs
Median household income
$72,865
Population change (1 year)
+1.8%
Unemployment rate
3.1%
Show 4 more
Population
153,613
Income adjusted for cost of living
$77,681
Net moves in (IRS)
+2,226
Cost of living (US = 100)
93.8
Schools, risk and environment
School rating (1 to 10)
5.7
FEMA hazard risk score (0 to 100)
80.3
Flood risk score
79.5
Show 3 more
Wildfire risk score
86.0
Walkability (1 to 20)
6.1
Road, rail and air noise
52 dB
Questions people ask
Is Sherman-Denison, TX overvalued?
Home prices in Sherman-Denison, TX are slightly above what local incomes have historically supported: fair value is about $272,876, so the area is 2.7% overvalued.
Is Sherman-Denison, TX a buyer's or seller's market?
Sherman-Denison, TX is a balanced market, leaning toward buyers: homes take about 77 days to sell, listings are down 4% from a year ago, 20% of listings have had a price cut.
Are home prices going down in Sherman-Denison, TX?
Home values in Sherman-Denison, TX are down 4.6% over the last year. Zillow's forecast for the next 12 months is −1.7%.
How much do you need to earn to buy a home in Sherman-Denison, TX?
A household needs about $60,763 a year to afford the typical home in Sherman-Denison, TX at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $72,865.