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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Sherwood, AR Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Sherwood, AR Housing Market Trends

With 33,082 people, 13,155 houses or apartments, and a median cost of homes of $282,560, Sherwood real estate is some of the most expensive in Arkansas, although Sherwood home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Sherwood, accounting for 78.83% of the city's housing units. Other types of housing that are prevalent in Sherwood include large apartment complexes or high rise apartments ( 9.75%), duplexes, homes converted to apartments or other small apartment buildings ( 6.32%), and a few mobile homes or trailers ( 3.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sherwood. Owner-occupied housing accounts for 70.51% of Sherwood's homes, and 76.02% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sherwood built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sherwood built between 2000 and later ( 29.28%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.01%). There's also some housing in Sherwood built before 1939 ( 1.07%).

Sherwood Home Appreciation Rates

Sherwood's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sherwood during the period has been just 4.35%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Sherwood's appreciation rate, at 5.06%, has been at or slightly above the national average. In the latest quarter, Sherwood's appreciation rate has been 0.00%, which annualizes to a rate of 0.00%.

Relative to Arkansas, our data show that Sherwood's latest annual appreciation rate is lower than 80% of the other cities and towns in Arkansas.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Sherwood differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sherwood - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sherwood real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$282,560

Sherwood, AR Home Prices
> $1,316,000
$986,001 - $1,316,000
$657,001 - $986,000
$526,001 - $657,000
$394,001 - $526,000
$263,001 - $394,000
$131,001 - $263,000
$66,001 - $131,000
$0 - $66,000
0.3%
0.3%
0.2%
0.2%
1.2%
1.2%
5.0%
5.0%
12.2%
12.2%
27.2%
27.2%
44.0%
44.0%
5.4%
5.4%
4.6%
4.6%
0% 100.0%
% of Homes
Very High

for Arkansas

Average

for nation

Number of Homes And Apartments:

13,155

Sherwood Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,589 / per month

Homeownership Rate

Owners
Renters
70.5%
70.5%
29.5%
29.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
9.5%
9.5%
90.5%
90.5%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
29.3%
29.3%
54.6%
54.6%
15.0%
15.0%
1.1%
1.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
78.8%
78.8%
1.1%
1.1%
6.3%
6.3%
9.7%
9.7%
3.6%
3.6%
0.4%
0.4%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.1%
1.1%
6.8%
6.8%
13.7%
13.7%
59.6%
59.6%
16.4%
16.4%
2.3%
2.3%
0% 100.0%
% of Homes