States › Arkansas › Sherwood

Is Sherwood, AR expensive to live in?

CheapRent takes 20 cents of every $1 people earn here.
🏠 Rent per month (2026)$1,45017% lower than U.S. average
💵 Families earn per year (2026)$87,712about $7,309/month · 1% higher than U.S. average
🔑 House price$199,50040% lower than U.S. average

Rent is lower than in 61% of U.S. cities. A typical house costs under 3 years of household income, which is easy by U.S. standards.

How much money do I need?

To rent here comfortably, you should earn about $58,000 a year. That is $28 an hour at a full-time job.

Is rent cheaper than other Arkansas cities?

No. Rent here is more expensive than in most of Arkansas. It is number 60 of 71 cities from cheapest to most expensive.

Sherwood
$1,450
Bella Vista
$1,887
Paragould
$1,152
Benton
$1,027
Jacksonville
$1,257
Texarkana
$1,071
Russellville
$1,068

How much do households earn in Sherwood?

Under $25k
11.7%
$25k–50k
21.2%
$50k–100k
37.8%
$100k–150k
16.4%
$150k+
8.9%

Share of households by yearly income. 25.4% of households earn $100,000 or more.

Rent by apartment size in Sherwood

SizeSherwoodU.S. average
1 bedroom$732$1,324
2 bedrooms$1,077$1,509
3 bedrooms$1,362$1,698
4 bedrooms$2,281$2,098

Median monthly rent plus utilities for all renters, by number of bedrooms.

How expensive is Sherwood overall?

Everyday prices in Arkansas overall are 13% below the U.S. average (index 86.9, U.S. = 100).

Housing
58
Goods (food, clothes…)
94
Utilities
75
Other services
95
U.S. average
100

Source: U.S. Bureau of Economic Analysis, Regional Price Parities 2024. City-level data is not published for Sherwood, so the Arkansas figure is shown.

Taxes and bills in Sherwood

🏛️ Property tax$1,455a year · 0.73% of home value · U.S. $3,119
⚡ Electric bill$147a month (typical) · U.S. $156

Life in Sherwood

Commute to work24.1 minU.S.: 26.4 min
College degree36.3%U.S.: 35.7%
Own their home70.8%U.S.: 65.2%
Below poverty line9%U.S.: 12.5%
Unemployment2.9%U.S.: 5.2%

Is it cheaper to rent or buy in Sherwood?

Buying is cheaper month to month: about $66 a month less than renting.

Renting
$1,450
Owning
$1,384

Owning assumes a typical $199,500 home, 10% down, a 30-year loan at 6.5% and about 1.5% a year for taxes and insurance. You would also need $19,950 for the down payment.

Frequently asked questions

What is the average rent in Sherwood, AR?

Renting in Sherwood costs a median of about $1,450 a month in 2026, including utilities. The Arkansas median is $1,068.

How much do I need to make to live in Sherwood?

To keep rent under 30% of income, you need about $58,000 a year, or $28 an hour at a full-time job.

Is Sherwood cheap or expensive?

Sherwood is rated Cheap: rent takes 19.8% of the typical household income of $87,712. It ranks 60th cheapest of 71 Arkansas cities we track.

How much are property taxes in Sherwood?

The median homeowner in Sherwood pays $1,455 a year in property taxes, about 0.73% of the median home value.

Is Sherwood more expensive than the national average?

Overall prices in Arkansas are 13% below the U.S. average, according to the U.S. Bureau of Economic Analysis.

How much does a house cost in Sherwood?

The median home value in Sherwood is $199,500, about 2.3 times the typical yearly household income.

33,070 people live in Sherwood. Numbers are typical (middle) values.