Dallas Area Residential Report – Single Family Rental Market – Sherman, Texas

In October 2025, the single-family rental market in Sherman, TX presented as relatively stable yet modest, reflecting a balance between affordability and demand that may interest both investors and long-term renters. The average rent across housing types hovered around the mid to upper $1,600s to low 1,700 range, which is noticeably below the national average, signaling that Sherman remains a more affordable rental alternative compared to many U.S. markets.

Demand appears steady: rental homes in Sherman tend to lease fairly quickly, indicating active interest from tenants — especially for well priced, well maintained properties. Meanwhile, the overall for-sale home market shows softness, with median sale prices of single-family homes trending downward and properties spending on average around 73 days on market — a factor that may redirect some potential buyers toward rentals in the short-term.

For investors or landlords, this environment suggests a cautious but viable rental landscape: rents are affordable, demand remains sufficient to support occupancy, and home-purchase pressures may keep a portion of would-be buyers in the rental pool. For tenants, Sherman offers rental housing that remains more budget-friendly than many metropolitan areas, with a broad range of rents and generally quicker lease-up times for desirable properties.

Looking forward, the market’s appeal lies in affordability and stability — but success for landlords or investors will depend on maintaining rental homes in good condition and pricing them appropriately relative to local competition.