Sherwood, MI Profile: Facts & Data


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Sherwood, Michigan - Basic Facts

The Village of Sherwood had a population of 279 as of July 1, 2023. Sherwood ranks in the lower quartile for Population Density and the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Michigan. See peer rankings below.

The primary coordinate point for Sherwood is located at latitude 42.0014 and longitude -85.2386 in Branch County. The formal boundaries for the Village of Sherwood encompass a land area of 0.98 sq. miles and a water area of 0 sq. miles. Branch County is in the Eastern time zone (GMT -5).

The Village of Sherwood 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 Village of Sherwood is located within Township of Sherwood, a minor civil division (MCD) of Branch County.

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

Sherwood, MI Data & Demographics (As of July 1, 2023)


Total Population 279 (100%)
Population in Households 279 (100.0%)
Population in Families 237 (84.9%)
Population in Group Quarters1 0
Population Density 278
Diversity Index2 33


Median Household Income $54,977
Average Household Income $74,606
% of Income for Mortgage4 13%
Per Capita Income $29,682
Wealth Index5 71
Socioeconomic Status Index6 Moderate (45.6)


Total HU (Housing Units) 118 (100%)
Owner Occupied HU 93 (78.8%)
Renter Occupied HU 18 (15.3%)
Vacant Housing Units 7 ( 5.9%)
Median Home Value $116,346
Average Home Value $169,624
Housing Affordability Index3 184


Total Households 111
Average Household Size 2.51
Family Households 78
Average Family Size 3.00
  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.


2020-2023 2023-2028
Population -0.65% -0.14%
Households 0.00% 0.00%
Families   0.51%
Median Household Income   0.16%
Per Capita Income   2.13%
Owner Occupied HU   0.85%

Sherwood, MI - Peer Comparisons by Rank and Percentile

The table below compares Sherwood to the other 745 incorporated cities, towns and CDPs in Michigan 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 # 645 14th
Population Density # 631 15th
Median Household Income # 467 37th
Housing Affordability Index # 679 91st
Per Capita Income # 507 32nd
Diversity Index # 181 76th

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

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