What percentage of people rent in Sherman, IL?

9.8% (±4.8 points) of the occupied homes in Sherman, IL are rented (2020–2024 American Community Survey).

That is 156 renting households against 1,429 that own their home.

In Sherman, the share of households that rent went from 17.9% in 2015–2019 to 9.8% in 2020–2024 (−8.1 percentage points), a measurable decrease.

Figures last updated on .

Households that rent
9.8% (±4.8 points)
Renting households
156 (±76)
Median renter income
$130,425 (±$85,835)

Who rents and who owns in Sherman

Tenure, estimate (90% margin of error)
ShermanSangamon CountyIllinoisUnited States
Renter-occupied share9.8% (±4.8 points)28.7% (±1.2 points)32.9% (±0.2 points)34.8%
Renting households156 (±76)24,319 (±1,060)1,657,539 (±10,322)45,017,354
Owning households1,429 (±144)60,443 (±1,072)3,378,910 (±14,728)84,210,142
Average renter household size3.3 (±0.8)2.0 (±0.1)2.2 (±0.0)2.3
Average owner household size2.6 (±0.2)2.4 (±0.0)2.6 (±0.0)2.6
Median renter household income$130,425 (±$85,835)$41,044 (±$1,457)$50,420 (±$471)$52,966
Median owner household income$162,625 (±$31,377)$94,873 (±$2,479)$103,505 (±$377)$100,009

In Sherman, the renter share is lower than in Sangamon County (28.7%).

It is also lower than in Illinois (32.9%).

It is lower than the national figure (34.8%).

In Sangamon County, Sherman ranks 35 of 51 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 2109 of 2,751.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Sherman has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent17.9% (±6.1 points)9.8% (±4.8 points)−8.1 percentage pointsMeasurable decrease
Median gross rent$928 (±$62)$2,041 (±$779)+119.9%Up after inflation
Median household income$113,958 (±$14,829)$148,906 (±$29,712)+30.7%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Sherman

Nearest places with a published estimate, compared with Sherman
PlaceDistanceHouseholds that rentCompared with this place
Sherman—9.8% (±4.8 points)—
Fancy Creek Township3.5 mi9.6% (±4.1 points)Not measurably different
Spaulding3.6 mi6.8% (±5.2 points)Not measurably different
Williams Township4.0 mi7.6% (±3.5 points)Not measurably different
Springfield Township4.0 mi37.2% (±7.5 points)Higher
Riverton4.7 mi30.1% (±12.1 points)Higher
Cantrall5.0 mi16.7% (±14.0 points)Not measurably different
Grandview5.1 mi30.9% (±6.7 points)Higher
Williamsville5.6 mi11.9% (±6.0 points)Not measurably different

Nearby places with a measurably higher figure: Springfield Township, IL (37.2%), Riverton, IL (30.1%), Grandview, IL (30.9%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Sangamon County, place by place

RankPlaceHouseholds that rent
29Curran Township15.6% (±11.1 points)
30Mechanicsburg Township14.6% (±4.0 points)
31Illiopolis Township14.0% (±5.6 points)
32Thayer13.1% (±6.9 points)
33Cartwright Township13.0% (±6.0 points)
34Williamsville11.9% (±6.0 points)
35Sherman9.8% (±4.8 points)
36 (tie)Mechanicsburg9.6% (±7.2 points)
36 (tie)Fancy Creek Township9.6% (±4.1 points)
38Island Grove Township9.1% (±11.9 points)
39Lanesville Township8.3% (±14.6 points)
40Williams Township7.6% (±3.5 points)
41Gardner Township7.3% (±3.3 points)

Showing 13 of 51 places in Sangamon County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

What you can do on Seayora in Sherman

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Questions about Sherman

How many renters are there in Sherman?

Sherman has an estimated 156 (±76) renting households, 9.8% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Sherman?

In Sherman, the share of households that rent went from 17.9% in 2015–2019 to 9.8% in 2020–2024 (−8.1 percentage points), a measurable decrease.

How big are renting households in Sherman?

A renting household in Sherman has 3.3 people on average, against 2.6 in an owned home.

How much do renters earn in Sherman?

The median renting household in Sherman, IL has an income of $130,425 (±$85,835) a year, against $162,625 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Sherman village, Illinois (place:69342, in state:17).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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