Sherwood village, Michigan Demographics & Population 2026
As of 2026, Sherwood village, Michigan has a total population of 388, the 587th largest city in Michigan, with a median household income of $56,645, which is 20% lower than the state average. The poverty rate is 14.7%.
Key Takeaways
- Only 3.3% of adults have a bachelor's degree, well below the national average of 35.0%.
- Housing is very affordable with a home-value-to-income ratio of just 1.3x.
- Unemployment rate of 12.9% is notably above the national average.
Sherwood village Quick Facts
How Sherwood village Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A less diverse community where one racial or ethnic group represents a large majority.
State average: 44 | National average: 60
Education
Educational Attainment (Adults 25+)
Sherwood village Rankings in Michigan
Explore Michigan Rankings
Cities Similar to Sherwood village
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Vanderbilt village | 398 | $56,188 | $106,500 | 3.1% | 10.1% |
| Luther village | 375 | $58,125 | $107,100 | 17.0% | 24.5% |
| New Troy CDP | 379 | $60,250 | $174,400 | 9.9% | 29.1% |
| Kinde village | 390 | $62,500 | $93,800 | 3.9% | 9.8% |
| Eastport CDP | 369 | $54,457 | $506,900 | 35.3% | 14.6% |
Population Overview
Sherwood village is a small community located in Michigan. The total population is 388. It ranks as the 587th most populous out of 745 cities and towns in Michigan.
Age Demographics
The median age in Sherwood village is 34.7 years. This is 13% lower than the state median of 40.1 years.
Economy, Income & Housing
The median household income in Sherwood village is $56,645. This is 20% lower than the state median of $71,149. Compared to the national median of $78,538, household income here is 28% lower. The poverty rate stands at 14.7%. This is 13% higher than the state poverty rate of 13.1%. The unemployment rate is 12.9%. This is 122% higher than the state rate of 5.8%. The median home value is $72,500. Housing costs are 67% lower than the state median of $217,600. With a home-value-to-income ratio of just 1.3x, Sherwood village is one of the most affordable housing markets in the area. 87.4% of occupied housing units are owner-occupied. This homeownership rate is 20% higher than the state average of 72.9%.
Race & Ethnicity
Sherwood village has a predominantly White (non-Hispanic) population, comprising 93.0% of all residents. Hispanic or Latino residents account for 1.6%. The Hispanic or Latino population (1.6%) is well below the state average of 5.7%.
Education
3.3% of residents aged 25 and older hold a bachelor's degree or higher. This is among the lowest rates in the state, which may correlate with employment and income patterns. This is 90% lower than the state rate of 31.8%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 75.1%.
Data Sources & Methodology
All demographic data for Sherwood village, Michigan is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Michigan state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 745 Census-designated places in Michigan. For official data, visit data.census.gov.
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Frequently Asked Questions
What is the population of Sherwood village, Michigan?
Sherwood village, Michigan has a population of 388 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Sherwood village, MI?
The median household income in Sherwood village is $56,645, which is 28% lower the national median of $78,538.
What is the poverty rate in Sherwood village, MI?
The poverty rate in Sherwood village is 14.7%. This means approximately 57 residents live below the federal poverty line.
What is the racial makeup of Sherwood village, Michigan?
Sherwood village's population is 93.0% White, 0.0% Black, 1.6% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Sherwood village, MI?
The median home value in Sherwood village is $72,500. The home-value-to-income ratio is 1.3x.
How educated is Sherwood village, Michigan?
3.3% of adults (25+) in Sherwood village hold a bachelor's degree or higher, and 1.2% hold a graduate or professional degree.