$115,311Average Value$39Average Price per Sq Ft1Home For Sale
Historic homes near the confluence of the Elkhart and lower Saint Joseph rivers
Located on a peninsula between the Elkhart and lower Saint Joseph rivers, Sherman is one of Elkhart’s oldest residential neighborhoods. Just blocks from the heart of downtown, it's also one of the city’s most walkable neighborhoods. While the location is convenient to many of Elkhart’s parks and downtown amenities, living in Sherman does not come without its drawbacks. According to data from the U.S. Geological Survey, or the USGS, Sherman is Elkhart’s most flood-prone neighborhood, particularly in areas closest to the banks of the Saint Joseph River. In 2018, Elkhart experienced its worst flood in 110 years, which left Sherman inundated and several homes were torn down. Despite this, people still choose to call Sherman home. “The close proximity to parks is very attractive to families,” says Arvis Dawson, Elkhart’s at-large city councilman. “It’s within walking distance of any social services you might need. And most of our bigger events happen near downtown, so that gives people an opportunity to walk to those as well.”
Access to multiple Interurban Trolley lines
The Interurban Trolley Blue, Green and Yellow Lines all have stops within a block of the neighborhood, providing access to Elkhart’s north and east sides as well as Mishawaka to the west. Bridges on Sherman Street, Main Street and Lexington Avenue make it easy for residents to cross the Saint Joseph River when departing the neighborhood. For those traveling farther, the Indiana Toll Road is 4 miles north of the neighborhood, and South Bend International Airport is just over 25 miles away.
Craftsman houses date back to the late 19th century
Some houses in Sherman date back to the late 19th century, and the average home here is around 120 years old. Craftsman designs are especially predominant, but the area also has some townhouses and apartment options too. Fixer-uppers are available for less than $60,000, while move-in ready houses can sell for between $75,000 and $155,000, which is near the low end of the Elkhart housing market. There are more renters than owners in Sherman, and Dawson notes that some homeowners have been unable to qualify for flood insurance since the 2018 storm. This could also be one factor impacting the time a home spends on the market, with Sherman's homes selling after 85 days, a much slower rate than the national average of 45 days.
Langle Park among several within walking distance
Few Elkhart neighborhoods are better situated for walking or biking to such a wide range of city parks. Two are in the neighborhood: Langle Park and Geroldean Thursby Memorial Tot Lot, both featuring recently updated playgrounds. The Sherman Street Bridge boat ramp is also in the neighborhood.
Other parks are accessible over footbridges across the Elkhart River, including Island Park, Kardzhali Park and NIBCO Water and Ice Park, which alternates between a summer water park and winter skating rink. Beacon Health and Fitness, an indoor recreational and aquatics center, is also just across the Elkhart River.
Multiple restaurants and stores are nearby
Several restaurants are within a few blocks of the neighborhood, ranging from fast-food options like Dairy Queen and McDonald’s to locally owned locations like Iechyd Da Brewing Company and The Tipsy Biscuit. Multiple grocery stores, like Kroger, Martin’s Super Market, Save A Lot and Compra Mas Supermarket, are all within roughly a 5-minute drive of Sherman.
Beardsley Elementary partners with Boys and Girls Club
Sherman students are zoned for Beardsley Elementary, which is north of the Saint Joseph River. Beardsley, which partners with the adjacent Boys and Girls Club of Elkhart County, earns a C-minus rating from Niche. North Side Middle School has a C rating, and Elkhart High School receives a B-minus. Elkhart High’s freshman campus, formerly Elkhart Central High, is just over a mile from the neighborhood.
A front-row seat to downtown events
Sherman has a front-row seat to Elkhart’s biggest annual events. The Lerner Theatre and City Center Park, both host sites for the annual Elkhart Jazz Festival, and are just blocks away. Island Park hosts the EnviroFest and the Rhapsody Arts and Music Festival each year, and in early August, downtown streets transform into a racetrack for the Elkhart Grand Prix go-kart race. “We have a lot of things that bring people to our downtown, which we consider our living room,” Dawson says.
Flood risk casts future of many properties in doubt
While Sherman is one of the city’s oldest neighborhoods, many properties here have a limited long-term future. Dawson says the 2018 flood “decimated” the neighborhood, and there are several vacant lots where there used to be homes. Future flooding events have the potential to increase those vacancies, with the city planning to get involved. “We’re trying to make sure once properties become unlivable, we can make them part of the floodplain,” Dawson says. Sherman has a CAP Index crime score of 5 out of 10, which is slightly higher than the national average of 4.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Shelley Tucker,
an experienced agent in this neighborhood.
Parks in this Area
Studebaker Park
Island Park
Riverview Park
Wellfield Botanic Gardens
River Greenway Trail
Elkhart Environmental Center
NIBCO Soccer Fields
Kardzhali Park
Langle Park
Crime and Safety
1 - Low Crime, 10 - High Crime
Sherman
US
Homicide
6
4
Sexual Assault
6
4
Assault with Weapon
7
4
Robbery
6
4
Burglary
5
4
Motor Vehicle Theft
5
4
Larceny
5
4
Crime Score
5
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Sherman, Elkhart sell after 97 days on the market compared to the national average of 47 days. The average sale price for homes in Sherman, Elkhart over the last 12 months is $92,000, up 32% from the average home sale price over the previous 12 months.
Completely remodeled very spacious home just North of beautiful downtown Elkhart. You'll love the charm that this home brings to your family with a large kitchen, dining room and living room areas. The bedrooms are decent sized with new carpeting. Full basement access from the garage door entryway. The rear deck is great for entertaining and hanging out to watch the sunset. All of this with a
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!
Move right into this recently updated home close to the Riverwalk, Aquatic Center, restaurants, parks, and all that downtown Elkhart has to offer! Four nice sized bedrooms (1 main level), two full bathrooms, new carpet & flooring throughout and paint. Eat in kitchen, main level laundry area, and dining room or office. Come take a look today!
2 bedroom duplex spacious fully renovated with new fridge stove furnace dishwasher ect whole duplex completely redone new rent is 1150 and deposit is 1150 pet deposit is 250 and 25 added a month pets under 30 lbs preferred right on the river great property back deck outside firepit and steps up to river storage in basement and in house
Interested in learning more about homes in this area?
Reach out to
Shelley Tucker,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
1,087
Median Age
31
Population under 18
33%
Above the national average
23.8%
Population over 65
8.1%
Below the national average
19.1%
Finances
Median Household Income
$42,500
Significantly below the national average
$71,702
Average Household Income
$58,439
Education and Workforce
High School Graduates
71.6%
Below the national average
89.1%
College Graduates
2.8%
Significantly below the national average
34.1%
Advanced Degrees
2.2%
% Population in Labor Force
62.5%
Area Factors
Bikeable
Bike Score®
67/ 100
Somewhat Walkable
Walk Score®
69/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
