Sherman, MS Profile: Facts & Data

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Sherman, Mississippi - Basic Facts

The Town of Sherman had a population of 635 as of July 1, 2023.

The primary coordinate point for Sherman is located at latitude 34.3593 and longitude -88.8412 in Pontotoc County. The formal boundaries for the Town of Sherman encompass a land area of 1.74 sq. miles and a water area of 0 sq. miles. Pontotoc County is in the Central time zone (GMT -6).

While the primary coordinates for Town of Sherman are located in Pontotoc County, it should be noted that the formal boundaries for this community also extend into and Union County.

The Town of Sherman has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Sherman is located within Supervisor District 1, a minor civil division (MCD) of Pontotoc County.


Jump to... (On This Page!)
  1. Sherman 2023 Demographic Data
  2. Growth Rates for Sherman (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Mississippi Research Tools (Easy Tools & Current Data)
  3. Mississippi Data Comparison Tool - 2023 Demographics
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Sherman, MS Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 635 (100%)
Population in Households 635 (100.0%)
Population in Families 493 (77.6%)
Population in Group Quarters1 0
Population Density 365
Diversity Index2 36
 
 

INCOME

Median Household Income $47,553
Average Household Income $73,617
% of Income for Mortgage4 20%
Per Capita Income $31,302
Wealth Index5 59
Socioeconomic Status Index6 Moderate (45.5)
 

HOUSING

Total HU (Housing Units) 310 (100%)
Owner Occupied HU 172 (55.5%)
Renter Occupied HU 98 (31.6%)
Vacant Housing Units 40 (12.9%)
Median Home Value $159,722
Average Home Value $204,651
Housing Affordability Index3 126
 

HOUSEHOLDS

Total Households 270
Average Household Size 2.35
Family Households 162
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

2020-2023 2023-2028
Population 1.76% 1.50%
Households 2.27% 1.65%
Families   1.79%
Median Household Income   2.97%
Per Capita Income   2.34%
Owner Occupied HU   2.54%

Sherman, MS - Peer Comparisons by Rank and Percentile

The table below compares Sherman to the other 427 incorporated cities, towns and CDPs in Mississippi by rank and percentile using July 1, 2023 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 230 46th
Population Density # 207 52nd
Median Household Income # 150 65th
Housing Affordability Index # 150 35th
Per Capita Income # 85 80th
Diversity Index # 317 26th

Additional comparisons and rankings can be made with a VERY EASY TO USE Mississippi Census Data Comparison Tool.

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