Total monthly cost of ownership
Cost to Own a Home in Sherman, Texas
A $219,000 home here costs
$1,917per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,126. The real number is $791 higher every month — 70% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Sherman against Grayson County and Texas
| Measure | Sherman | Grayson County |
|---|---|---|
| Median home value | $219,300 | $228,300 |
| Median property tax | $2,983 | $2,953 |
| Effective tax rate | 1.360% | 1.293% |
| Median gross rent | $1,177 | $1,178 |
| Population | 45,036 | 139,988 |
The weather behind that power bill
Sherman sits in Grayson County, which averages a high of 92.7°F in its hottest month and a low of 33.9°F in its coldest, with 44.29" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 2,261 cooling and 2,727 heating degree days, which is what sets the $148 electricity line above.
See the full climate breakdown for Grayson County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Grayson County
Common questions
How much does it cost to own a home in Sherman?
A $219,000 home in Sherman, Texas costs approximately $1,917 per month with 20% down at 6.66%. That is $1,126 principal and interest, $248 property tax, $145 homeowners insurance, $216 utilities and $183 set aside for maintenance.
What is the property tax rate in Sherman?
Sherman has an effective property tax rate of 1.360%, based on a median home value of $219,300 and median real estate taxes of $2,983. That is higher than the Grayson County average of 1.293%.
What is the average home price in Sherman?
The median owner-occupied home value in Sherman, Texas is $219,300, against $228,300 across Grayson County.
Is it cheaper to rent or buy in Sherman?
Median gross rent in Sherman is $1,177 a month, against $1,917 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Sherman — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Texas.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.