Sherman, IL population, income and ZIP codes

Sherman village is a small town in Illinois, with 4,211 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #365 of 1,462 ranked by population — larger than 75% of them. The median age here is 44.4 years against 39.1 nationally, a slightly older profile than the country as a whole. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Sherman village earn a median of $147,025 a year, 87.2% above the national figure of $78,538 and 98% above the $74,244 median for the 698 Illinois cities we cover. The median is the midpoint household, not an average, so a handful of very high earners cannot drag it upward the way they distort a mean. Poverty reaches 0.4% of residents here, less than half the 12.4% national rate.

The typical owner-occupied home in Sherman village is valued at $291,300, 4% below the national figure and 63% above the $179,100 peer median, while median gross rent runs $1,565 a month, 11.3% above the national figure, or roughly $18,780 across a full year. A household on the local median income would put about 12.8% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is cheap relative to what people here earn. The home-price-to-income ratio works out to 2×, against roughly 3.9× nationally, so purchase prices are unusually low against local pay, the pattern in places where supply is plentiful and wage growth has been flat. 89.9% of occupied homes are owner-occupied versus 65% nationally, an owner-dominated market where rental listings are scarce and rent medians rest on a thin sample. Rent is reported gross — contract rent plus tenant-paid utilities — which is why it runs above the advertised price on a listing for the same unit.

No figure on this page is estimated by us; each one comes straight from the published ACS tables for this area. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.