$139,024Average Value$137Average Price per Sq Ft1Home For Sale
Why Omaha homebuyers are drawn to Sherman
Sherman is an Omaha neighborhood on the shores of Carter Lake, about 5 miles north of the downtown district. Eppley Airfield, the city’s primary air traffic hub, operates between the lake and the Missouri River and takes up most of the neighborhood’s real estate. Small residential pockets are populated with homes from the early 1900s, which often sell at prices well below the citywide median. This blend of industry, recreation and comparatively affordable housing invites homebuyers to take a closer look at Sherman.
Sherman sits north of downtown Omaha with historic homes and local charm.
Sherman borders Carter Lake, offering scenic views and water recreation.
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Sherman’s residential areas feature cottages and bungalows shaded by mature trees.
Historic bungalows and cottages sell at prices that are low for Omaha
Sherman is a primarily industrial neighborhood, where residences account for only about 10 percent of the property mix. Early 20th-century bungalows and cottages are packed tightly together on small lots. Older properties often include details like crown molding, picture rails and original woodwork, and some have been renovated with updated kitchens and refreshed interiors. Sherman’s median home sale price is around $130,000, which is less than half the citywide median. Properties typically sell from around $60,000 to the lower $200,000s. This comparatively low price point is a magnet for investors and first-time buyers. “There’s a history of change in the Sherman neighborhood, but one constant for more than 100 years has been its historic bungalows,” says Tina Sempeck, an Omaha native and Realtor with eXp Realty. “They’re attractive to homebuyers because they’re architecturally significant, well-built and well-priced.”
Day-to-day living near Eppley Airfield and Carter Lake
Many potential buyers wonder whether the neighborhood’s proximity to Eppley Airfield and Carter Lake adversely affects daily life. The answer depends largely on the property’s location. While noise levels can be fairly high near the airport, most residential areas are well away from the worst spots. And although properties close to the lake or the Missouri River might fall within FEMA-designated flood hazard zones, homes farther from the water are often outside the high-risk zones. Nonetheless, buyers are advised to check the property’s FEMA flood zone designation and ask whether the lender requires flood insurance.
Levi Carter Park in Sherman offers lakeside trails and picnic areas.
Outdoor recreation centers on Carter Lake
On the flip side, being this close to Carter Lake means you’ll enjoy access to the water recreation that it offers. The oxbow-shaped lake was formed by the shifting Missouri River in the late 1800s, and its waters invite fishing, sailing and waterskiing. Along its shore, Levi Carter Park spans more than 500 acres, with amenities including:
Sports fields
Basketball courts
Walking trails
Picnic areas with grills
Right outside the neighborhood near the lake’s southern edge, Shoreline Golf Course features 18 scenic fairways, along with simulators and a driving range.
Sherman offers easy access to downtown Omaha, Carter Lake and Eppley Airfield.
Sherman offers easy access to downtown Omaha and Council Bluffs
Omaha Metro buses serve this area, but most people get around by car. The drive to Downtown Omaha covers roughly 5 miles and takes 10 to 15 minutes in light traffic. North 16th Street provides a direct connection to the downtown area, and U.S. Route 75 is within 2 miles of the neighborhood and links to other major traffic arteries like Interstate 480. Because Sherman is on the eastern edge of Omaha, it’s also in a convenient location for commuters to Council Bluffs, which is about a 10-mile drive away on the Iowa side of the Missouri River.
Students can attend schools in the Omaha Public Schools district
The Omaha Public Schools district serves neighborhood students. The roots of Sherman Elementary stretch back to 1888, when the school was named after William Tecumseh Sherman, a well-known Civil War general who helped protect Omaha’s railroads in the postwar days. The elementary school is conveniently located in Sherman’s residential area and operates as an academy school with an emphasis on reading, writing and math.
Sherman Elementary offers small class sizes and a focus on core academics.
Central High near Sherman offers IB programs and strong academics.
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Nite Hawkes Cafe has served Omaha since 1942, making it a local landmark.
Where to find restaurants and groceries near Sherman
The North Omaha dining scene is rooted in homestyle comfort food. You can grab a bite to eat at these spots:
Nite Hawkes Cafe, a family-run diner serving hearty breakfast platters and lunch sandwiches since 1942
Lonnell’s Southern Delights, known for its pork chops, smothered oxtails and fried catfish
Time Out Foods, a longtime favorite for fried chicken
Jackson’s Fair Deal Cafe, dishing up burgers, sandwiches, salads and potato casseroles
Because Sherman is so close to downtown, you’re minutes away from the restaurants and bars in the Old Market district. When you’d rather dine in, one convenient grocery option is Aldi on North 30th Street, just across Route 75.
Planned projects and investments could shape the area’s future growth
Several significant improvements are planned for Sherman and the surrounding area. The $45 million Levi Carter Park Activity & Sports Complex is scheduled to open in 2026 with state-of-the-art sports and fitness facilities, computer labs and community gathering areas. Local leaders have also explored the idea of adding an industrial business park near Eppley Airfield, but some proposals remain controversial, and the long-term impact on nearby residential areas is still uncertain.
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.
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Sherman Demographics and Home Trends
On average, homes in Sherman, Omaha sell after 16 days on the market compared to the national average of 55 days. The median sale price for homes in Sherman, Omaha over the last 12 months is $127,000, down 10% from the median home sale price over the previous 12 months.
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