Sherman Homes for Sale

/4
$15,000
- Land
- 0.15 Acre
- $100,000 per Acre
TBD W Washington St, Elkhart, IN 46516

This 41 x 160 city lot is close to downtown and all Elkhart has to offer like the River walk, parks, restaurants, shopping, and the Aquatic Center. Come take a look today!

Heidi Gaskill Berkshire Hathaway HomeServices Elkhart

TBD W Washington St, Elkhart, IN 46516
Explore Sherman
/15
$72,500
- 4 Beds
- 1 Bath
- 1,632 Sq Ft
154 N 6th St, Elkhart, IN 46516

*Seller financing available* Check out this 4-bedroom 1-bathroom house. Just minutes from downtown Elkhart, with shops, restaurants, parks, and entertainment just around the corner, this home is ideal for anyone looking to be close to the action while still enjoying a quiet neighborhood feel. Don’t miss your chance to make it yours! See agent remarks

Jarred Moen eXp Realty, LLC

154 N 6th St, Elkhart, IN 46516
/26
$199,900
- 4 Beds
- 4 Baths
- 2,182 Sq Ft
415 N 2nd St, Elkhart, IN 46516

Monthly cash flow and potential on this one! This four unit has lots of potential income, growth and many upgrades in the building have already been completed. The building features two one bedrooms and two efficiency apartments.. new roof in 2024 and windows in 2023, flooring and kitchen upgrades throughout and the electric has been upgraded and individual individually meter throughout. Broker

Jennea Schirr McKinnies Realty, LLC Elkhart

415 N 2nd St, Elkhart, IN 46516
/21
$112,000
- 2 Beds
- 1 Bath
- 728 Sq Ft
192 N 6th St, Elkhart, IN 46516

Beautifully updated home featuring a modern kitchen, durable vinyl plank flooring, newer windows, and fresh paint throughout. This move-in ready property offers a bright, refreshed interior with stylish finishes, making it perfect for an owner-occupant or investment opportunity. Conveniently located near local amenities, schools, and downtown Elkhart.

Michelle Bordeau SUNRISE Realty

192 N 6th St, Elkhart, IN 46516
/22
$139,900
- 2 Beds
- 1 Bath
- 900 Sq Ft
412 W Washington St, Elkhart, IN 46516

Great opportunity near downtown shopping and restaurants! This 2-bedroom, 1-bath home offers main level laundry and a flexible floor plan that could easily be converted into a 3-bedroom to add value. Currently tenant-occupied and has been used as a rental for the past 10–11 years, making it a solid investment opportunity or a great option for someone looking to build equity with a little vision.

Jennea Schirr McKinnies Realty, LLC Elkhart

412 W Washington St, Elkhart, IN 46516

Indiana Elkhart County Elkhart Sherman

Why Live in Sherman

Sherman is one of Elkhart’s oldest neighborhoods, set between the Elkhart and Lower Saint Joseph Rivers. It’s also one of the city’s most walkable neighborhoods, with riverfront parks and downtown attractions nearby. The neighborhood primarily features Craftsman-style homes, some of which date back to the late 19th century. There are also townhouses and apartments, and most residents in Sherman are renters. However, some homeowners face challenges qualifying for flood insurance due to a 2018 storm, contributing to longer market times for homes. Neighborhood green spaces include Langle Park and the Geroldean Thursby Memorial Tot Lot, both offering updated playgrounds. Nearby parks accessible via footbridges include Island Park, Kardzhali Park and NIBCO Water and Ice Park. Within a few blocks of Sherman, dining options range from fast-food chains to local favorites like Iechyd Da Brewing Company and The Tipsy Biscuit. Residents can head downtown for annual festivities such as the Elkhart Jazz Festival and the Elkhart Grand Prix go-kart race. Public transportation is convenient with the Interurban Trolley Blue, Green, and Yellow Lines and major roads and highways are easily accessible. The Indiana Toll Road is 4 miles away, and South Bend International Airport is just over 25 miles from Sherman.

Learn more about living in Sherman

Frequently Asked Questions

Is Sherman a good place to live?

Sherman is a good place to live. Sherman is considered somewhat walkable and bikeable with some transit options. Sherman is an urban core neighborhood. Sherman has 14 parks for recreational activities. It has a median age of 31. The average household income is $58,439 which is below the national average. College graduates make up 2.8% of residents. A majority of residents in Sherman are renters, with 73.7% of residents renting and 26.3% of residents owning their home. A local real estate agent serving Sherman can help you decide if this neighborhood is the right one for you. Learn more on our Sherman neighborhood guide.

Is Sherman, IN a safe neighborhood?

Sherman, IN is less safe than the average neighborhood in the United States. It received a crime score of 5 out of 10.

How much do you need to make to afford a house in Sherman?

The median home price in Sherman is $125,000. If you put a 20% down payment of $25,000 and had a 30-year fixed mortgage with an interest rate of 6.22%, your estimated principal and interest payment would be $610 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $26K a year to afford the median home price in Sherman. Learn how much home you can afford with our Home Affordability Calculator. The average household income in Sherman is $58K.

What are the best public schools in Sherman?

The best public schools that serve Sherman are:

Elkhart High School has a B- Niche grade, a student teacher ratio of 16:1 and an average review score of 3.5.
West Side Middle School has a C Niche grade, a student teacher ratio of 15:1 and an average review score of 3.0.
Beardsley Elementary School has a C- Niche grade and a student teacher ratio of 16:1.

What are the best private schools in Sherman?

The best private schools that serve Sherman are:

St. Thomas the Apostle Catholic School has a student teacher ratio of 10:1.
Montessori School of Elkhart has a student teacher ratio of 47:1.

What are the most popular zip codes in Sherman, Elkhart, IN?

The most popular zip codes in Sherman, Elkhart, IN include 46516, 46514, 46517, 46561 and 46530.

What are the most popular neighborhoods near Sherman, Elkhart, IN?

The most popular neighborhoods near Sherman, Elkhart, IN are Sherman, West Central, Impact, East Jackson and Pierre Moran.

Home Trends in Sherman, IN

On average, homes in Sherman, Elkhart sell after 72 days on the market compared to the national average of 55 days. The median sale price for homes in Sherman, Elkhart over the last 12 months is $84,250, up 11% from the median home sale price over the previous 12 months.

Housing Trends

Median Sale Price

$84,250

Median Single Family Sale Price

$109,575

Median Townhouse Sale Price

$50,000

Average Price Per Sq Ft

$51

Number of Homes for Sale

Last 12 months Home Sales

Months of Supply

3.40

Median List Price

$125,000

Median Change From 1st List Price

Median Home Sale Price YoY Change

11%

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