Sherman, South Dakota

Population

Down 1.3% since 2020.

77

people, the 242nd-largest of South Dakota's cities and towns.

Census Population Estimates, 2025. Rank among South Dakota's cities and towns computed by the Almanac. Sources: Census Population Estimates

The workday

Every job here goes to someone who lives somewhere else.

100.0%

of 4 jobs located in Sherman are filled by in-commuters.

Census LEHD LODES, 2023. Sources: Census LEHD LODES

Rent

Median rent is $1,375 a month.

$1,375

a month. South Dakota's median is $946.

Census ACS 5-year, 2020-2024 (latest), with earlier 5-year windows. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year

The seam

Cross one tract line and median rent jumps $667.

A $667 gap between neighbors, the sharpest rent edge between adjacent tracts in Minnehaha County.

• $756 Tract 7.01
• $1,423 Tract 1

Census ACS 5-year, 2020-2024, adjacent tracts compared by the Almanac. Tract estimates carry wide margins of error. Sources: Census ACS 5-year

Room to build

The median rent is above what local wages can carry.

$188–$281

is the monthly rent range local workforce wages support.

• $1,375 median

Supportable rent computed by the Almanac from 2023 source wage data. Median rent: Census ACS 5-year, 2020-2024. Sources: Computed by the Almanac, Census ACS 5-year

Building

72% of the housing here was built before 2000.

• 5 homes permitted in ten years, 2016–2025
• 0% of those were in multifamily buildings
• 72% of all homes were built before 2000

Census Building Permits Survey, 2016–2025; Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census Building Permits Survey, Census ACS 5-year

Units needed

None of three estimates finds a housing shortfall here.

0

is the estimated number of missing housing units, from the lowest to the highest of three estimates.

Range computed by the Almanac from 2023 jobs and household data, using three demand models: 1% of jobs located here, 1% of renter households, and a rate by town size applied to renters. The low end is the lowest of the three and the high end the highest. It is an estimate, not a count. Sources: Computed by the Almanac

Home value

A median home costs 65% less than South Dakota's.

$90,000

median home value in Sherman.

• $90,000 Sherman
• $257,400 South Dakota
• $332,700 U.S.

Census ACS 5-year, 2020-2024. Survey estimates for a place this size carry wide margins of error. Sources: Census ACS 5-year