1st Advantage MortgageIn Sherman County, Texas, the typical household earns $61,250 a year and the typical rent is $835. Those figures describe the county, not you: compare at least three written offers by APR and total cost, and confirm the lender's license before you apply.
On this page
- Sherman County, TX: the basics
- How much Sherman County households make
- What it costs to live in Sherman County
- Employment and commuting in Sherman County
- Cities, towns and CDPs in Sherman County
- Regional comparison for Sherman County
- Budget math at the Sherman County median
- Local borrowing considerations for Sherman County
- People and households in Sherman County
- Four steps for Sherman County borrowers
- Who licenses lenders for Sherman County residents
- More guides for Sherman County
- Frequently asked questions
Sherman County, TX: the basics
Sherman County is home to about 2,295 people, according to the Census Bureau's 2020 to 2024 American Community Survey, which makes it the 230th most populous of 254 county-level areas in Texas. It covers 923 square miles of land, or about 2 people per square mile. Under the July 2023 OMB definitions, Sherman County is not part of any metropolitan area. Stratford is the biggest of its 2 Census places, at roughly 1,326 people (58% of the county total). Because Sherman County is small, the survey's margins of error are wide; treat the numbers as approximate.
How much Sherman County households make
Half of Sherman County households take in less than $61,250 a year and half take in more, 22% below the Texas median of $78,476.
| Band | Sherman County | Compared with Texas |
|---|---|---|
| Under $35,000 | 15.4% | -6.0 pts |
| $35,000 to $99,999 | 50.5% | +11.2 pts |
| $100,000 to $199,999 | 23.5% | -3.2 pts |
| $200,000 or more | 10.6% | -1.9 pts |
Some 15% of households here live on less than $35,000 a year; 34% have six-figure incomes. The poverty rate is 10.4%, 3 points lower than the state's 13.8%. None of these numbers decides a Sherman County application. Lenders weigh your own documented income against your own debts.
What it costs to live in Sherman County
Renters in Sherman County pay a median of $835 a month, 40% below the Texas figure of $1,403. 25% of renting households spend 30% or more of income on rent. With a median value of $146,900, a typical Sherman County house costs 2.4 times what the median household earns in a year. Owners occupy 76% of homes.
| Measure | Sherman County | Texas | Median U.S. county |
|---|---|---|---|
| Median gross rent | $835/mo | $1,403/mo | $877/mo |
| Median home value | $146,900 | $283,800 | $185,300 |
| Owners | 76% | 63% | 75% |
| Rent-burdened renters | 25% | 52% | 45% |
| Burdened owners | 29% | 29% | n/a |
Because most Sherman County households own, home repairs are a frequent reason to borrow. An unsecured personal loan leaves the house out of the deal, while a HELOC uses it as collateral.
Employment and commuting in Sherman County
By the Census industry count, 33% of employed Sherman County residents work in agriculture, forestry and mining and 12% in education and health care. The sharpest difference from the state is in agriculture, forestry and mining, at 33% locally and 2% for Texas. The survey's unemployment rate for Sherman County averages 1.9% over 2020 to 2024 (state: 5.3%). 9% of commuters travel 45 minutes or more each way, and 4% work from home. Households without a car make up 0.0% of the total (5.4% statewide).
| Top industries | Sherman County share | +/- vs Texas |
|---|---|---|
| Agriculture, forestry and mining | 33.4% | +31.1 pts |
| Education and health care | 11.7% | -9.9 pts |
| Transportation, warehousing and utilities | 10.0% | +3.3 pts |
| Manufacturing | 9.7% | +1.1 pts |
| Public administration | 8.1% | +4.0 pts |
| Finance, insurance and real estate | 6.5% | -0.5 pts |
Industry shapes paperwork. Salaried and public jobs are easy to verify, while hourly, tipped, commission or contract earners in Sherman County should have bank statements and tax returns ready.
Cities, towns and CDPs in Sherman County
Here are the 2 most populous of the county's 2 Census places, with income and rent from the same 2020 to 2024 survey. About 72% of Sherman County residents live in one of the 2. None of the 2 has its own city guide, so this page covers all of them.
| Place | Type | Population | Median income | Median rent | From county center |
|---|---|---|---|---|---|
| Stratford | city | 1,326 | $49,286 | n/a | 11 mi |
| Texhoma | city | 336 | $53,875 | n/a | 16 mi |
Regional comparison for Sherman County
Six nearby counties, 30 to 47 miles away by the straight-line distance between their centers. Dallam County leads the group on income ($71,500), Texas County trails ($60,069), and Sherman County out-earns 1 of the six. The list crosses into Oklahoma, where different lending rules and regulators apply.
| Neighbor | Distance | Income | Rent | Own |
|---|---|---|---|---|
| Sherman County | - | $61,250 | $835/mo | 76% |
| Hansford County, TX | 30 mi | $69,441 | $939/mo | 81% |
| Moore County, TX | 31 mi | $61,762 | $939/mo | 62% |
| Dallam County, TX | 39 mi | $71,500 | $1,081/mo | 64% |
| Texas County, OK | 40 mi | $60,069 | $873/mo | 66% |
| Hutchinson County, TX | 43 mi | $67,228 | $932/mo | 83% |
| Cimarron County, OK | 47 mi | $62,188 | $718/mo | 78% |
Budget math at the Sherman County median
How much room does a median Sherman County budget have? Take median income, subtract median rent, and check what is left under a few common debt-to-income limits.
- Start: $5,104 gross per month ($61,250 / 12)
- Less median rent of $835, which is 16% of it
- At 35%, room after rent is $951 a month
- 45% debt-to-income limit: $1,462 left for all other debt payments
Lenders set their own limits and look beyond the ratio. The DTI calculator uses your figures instead of Sherman County's.
Local borrowing considerations for Sherman County
A few patterns in the Sherman County data, and the practical point behind each:
- Uninsured care. 16% lack coverage here; nonprofit hospitals must publish an assistance policy, so ask for it first (guide).
- Know your credit. Review all three bureau reports for free (AnnualCreditReport.com).
- Requirements. Lenders weigh credit history, documented income and existing debt (what to gather).
People and households in Sherman County
College graduates make up 30% of the adult population. About 16% go without health insurance.
| Residents | Sherman County | Texas | Middle U.S. county |
|---|---|---|---|
| Median age | 39.7 | 35.6 | 41.5 |
| Bachelor's or higher | 30.2% | 33.8% | 22.2% |
| No high school diploma | 23.4% | 14.0% | n/a |
| No health insurance | 16.3% | 17.1% | 7.8% |
| No vehicle | 0.0% | 5.4% | 5.4% |
| Work from home | 4.4% | 14.4% | 8.7% |
| Poverty rate | 10.4% | 13.8% | 13.2% |
| Unemployment (ACS) | 1.9% | 5.3% | 4.4% |
| Trip time | Share |
|---|---|
| Under 15 min | 59.8% |
| 15 to 29 min | 18.2% |
| 30 to 44 min | 12.7% |
| 45 to 59 min | 3.0% |
| 60+ min | 6.3% |
Four steps for Sherman County borrowers
Steps that save money for Sherman County residents:
- Get a written quote for whatever you are paying for in Sherman County.
- Shop at least three lenders, including one Sherman County-area credit union.
- Check the license, then the reviews, then the offer.
- Keep a small cushion so one surprise bill does not mean another loan.
Who licenses lenders for Sherman County residents
Licensing happens at the state level, so a lender working with Sherman County borrowers answers to the Texas Department of Banking. Consumer lending in Texas is also overseen by the Office of Consumer Credit Commissioner. The Consumer Financial Protection Bureau accepts complaints nationwide. See the Texas state guide for the statewide picture.
More guides for Sherman County
The Texas guide covers the whole state.
Frequently asked questions
What is the median household income in Sherman County?
$61,250 a year in the 2020 to 2024 Census survey, versus $78,476 for Texas. It ranks 154th of 254 in the state.
Is Sherman County expensive for renters?
Median rent is $835 against $1,403 statewide, and 25% of renter households are cost-burdened.
I live in a small Sherman County town. Is this my guide?
Yes. If your town has no city guide, this county page is the local one; it covers Stratford, Texhoma.
Will a Sherman County address affect my match?
Beyond confirming Texas as your state, no. Your answers about amount, credit, income and payments are all that count.
Is there a Sherman County office that licenses lenders?
No, licensing is statewide. In Texas it is the Texas Department of Banking.