Sherman, TX home prices
Typical home $280,299 · -4.6% in a year · income needed $83,300
The Sherman, TX metro area ranks 365 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed -4.6% in a year and +8.8% over five years. With 20% down at 7.11%, the typical home costs about $1,944 a month including 1.27% property tax (Grayson County rate).
Mortgage on the typical Sherman home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $56,060 | $224,239 | $1,508 | $0 | $436 | $1,944 | $83,300 |
| 10% down | $28,030 | $252,269 | $1,697 | $105 | $436 | $2,238 | $95,900 |
| 5% down | $14,015 | $266,284 | $1,791 | $111 | $436 | $2,338 | $100,200 |
| 3.5% down (FHA) | $9,810 | $275,222 | $1,851 | $124 | $436 | $2,411 | $103,300 |
Assumes a 30-year fixed loan at 7.11%, property tax of 1.27% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Sherman area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Grayson County, TX | $280,311 | -4.6% | 1.27% |
What can you afford in Texas on your salary? · Texas home prices · Salaries in Texas
Frequently asked questions
How much is a house in Sherman?
The typical home in the Sherman, TX metro area is worth $280,299 (Zillow, September 2026).
What salary do you need to buy a house in Sherman?
About $83,300 a year for the typical home with 20% down at 7.11%.