Quick facts: Sherwood, OH

Quick Facts

96.4
Cost of Living
below US average
3,408
Population
8.8
Crime Rate per 1000
below US average
$140,788
Median Income
above US average
$387,000
Median House Price
above US average
$1100.0
Average Rent
below US average
5%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $140,788.

🏠

Income Needed to Buy

βœ“ Affordable
$121k/year
Based on $387,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($140,788) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$47k/year
Based on $1100.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($140,788) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sherwood, OH

Sherwood, Ohio, is a small village nestled in Defiance County, with a population of just over 1,000 residents. It is characterized by its close-knit community and rural charm. Sherwood is primarily residential, offering a welcoming atmosphere for families and individuals seeking a quieter lifestyle away from the hustle and bustle of larger cities. The village features a variety of local amenities, including parks, churches, and small businesses that cater to the daily needs of its residents. Its central location provides easy access to nearby larger towns, such as Defiance, which offers more shopping and dining options. Sherwood’s surrounding natural beauty is perfect for outdoor enthusiasts, with opportunities for hiking and fishing in nearby parks and rivers. The village also hosts community events throughout the year, fostering a sense of community and belonging among its residents. Overall, Sherwood, OH, is a peaceful and friendly place, ideal for those looking to enjoy a small-town lifestyle while remaining connected to the amenities of larger urban areas.

πŸ” Search & Compare Places

First Location πŸ“