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Sherman Terrace

Sherman Terrace

Neighborhood in Madison, Wisconsin

Dane County 53704

$244,565 Average Value
$257 Average Price per Sq Ft

Small community minutes from downtown

Nestled between the Yahara River and Lake Mendota, the small neighborhood of Sherman Terrace provides residents with an abundance of recreational activities and is less than three miles northeast of downtown Madison. Located on the isthmus next to the downtown area, this community offers access to many of the city’s best outdoor amenities in addition to several local shops and eateries. Convenient access to public transportation and local roads make it easy for residents to travel through Dane County with ease.

The Tenney Park breakwater is a great place for fresh air and exercise.
The Tenney Park breakwater is a great place for fresh air and exercise.
The Yahara River runs along side Tenny Park.
The Yahara River runs along side Tenny Park.
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Condos and classic homes

Residents of Sherman Terrace occupy one of the neighborhood’s condominium or apartment complexes or one of the few waterfront homes that can be found where the neighborhood meets Lake Mendota. Condo units have recently sold between $160,000 and $200,000, often featuring modern kitchen appliances, fresh flooring and paint among other amenities. The neighborhood’s waterfront homes were built between the 1930s and 50s and feature private docks.

A Single-Family Cape Cod-Style Home off Sherman Avenue in the Sherman Terrace Neighborhood.
A Single-Family Cape Cod-Style Home off Sherman Avenue in the Sherman Terrace Neighborhood.
Several Large Multi-Story Lakefront Homes on Lake Mendota in the Sherman Terrace Neighborhood
Several Large Multi-Story Lakefront Homes on Lake Mendota in the Sherman Terrace Neighborhood
A Brick Seven-Story Apartment Building at 1622 Fordem Avenue in the Sherman Terrace Neighborhood
A Brick Seven-Story Apartment Building at 1622 Fordem Avenue in the Sherman Terrace Neighborhood
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Easy access to downtown

Sherman Terrace is conveniently located under 3 miles from the downtown Madison area, allowing residents easy access to various city amenities. Public transportation through Metro Transit is also available, with several stops along East Johnson Street and Fordem Avenue.

You can take East Washington or East Johnson to head downtown.
You can take East Washington or East Johnson to head downtown.
Madison Metro serves Sherman Terrace.
Madison Metro serves Sherman Terrace.
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Local shops and eateries

Head down Fordem Avenue and stop by JiggyJamz Records and CDs to listen to live mixing or to pick up a new vinyl for your collection. Chocolate Shoppe Ice Cream Co is right next door, offering residents a place to satisfy their sweet tooth with hand scooped ice cream or a milkshake. There are several other eateries close by, including fresh croissants at Far Breton Bakery, Mediterranean fare at Banzo. Lola’s Hi/Lo Lounge is popular for its laid back ambience, offering tasty cocktails and food options.

Signage for East Side Ink and Tyrant.
Signage for East Side Ink and Tyrant.
Mural on Fordem Ave in the Sherman Terrace Neighborhood, Reading
Mural on Fordem Ave in the Sherman Terrace Neighborhood, Reading "New Orleans Take Out"
Logo for Far Breton Bakery, A Local Independent Bakery Truck that was Established in 2019
Logo for Far Breton Bakery, A Local Independent Bakery Truck that was Established in 2019
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Spend the day at the park

Locals of Sherman Terrace can enjoy the fresh air at Filene Park where you can have a picnic under the shade of the park’s tall trees or cast a line from the water’s edge. Bordering the park to the east you can find the Tenney Park Boat Launch where boat owners can launch for a day out on Lake Mendota. Across the street, paddlers can launch their canoe or kayak for a drift down the flowing Yahara River.

A Jogger Runs across the Tenney Park Breakwater on Lake Mendota in Sherman Terrace.
A Jogger Runs across the Tenney Park Breakwater on Lake Mendota in Sherman Terrace.
Ducks Splash in the Waters of Lake Mendota off the Shore of Filene Park in Sherman Terrace.
Ducks Splash in the Waters of Lake Mendota off the Shore of Filene Park in Sherman Terrace.
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Madison Metropolitan Schools

Young learners in the area will likely start their education at Emerson Elementary School, part of the Madison Metropolitan School District with an A-minus overall Niche grade. Named after the famous poet, Emerson Elementary has a Music con Brio program that offers instruction in violin, cello and piano among others. Students will then head to Sherman Middle School, which has an A-plus diversity grade on Niche and a student-teacher ratio of 14-to-1. Madison East High School is the last stop for students, offering an Academic and Career Planning program for students along with a B-plus Niche grade.

The entrance and signage for Madison East High School in Emerson East.
The entrance and signage for Madison East High School in Emerson East.
Sherman Middle School has a C+ rating according to Niche.
Sherman Middle School has a C+ rating according to Niche.
Emerson elementary School is located in Madison.
Emerson elementary School is located in Madison.
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Jillian Pillow
Written By
Jillian Pillow
Scott Mason Bittinger
Photography Contributed By
Scott Mason Bittinger
Robert Edmonds
Video By
Robert Edmonds

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Jean Armendariz-Kerr, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Dane County Regional/Truax Field

8 min drive

Bus

Sherman & Sherman (Eb)

Bus

E Johnson & Fordem (Wb)

Crime and Safety

1 - Low Crime, 10 - High Crime Sherman Terrace US
Homicide 3 4
Sexual Assault 5 4
Assault with Weapon 4 4
Robbery 6 4
Burglary 6 4
Motor Vehicle Theft 7 4
Larceny 6 4
Crime Score 5 4

Source: WhatIsMyCrimeRisk.com

Demographics and Home Trends

Home Trends

Median Price (12 Mo)
$218,000
Median 2 Bedroom Price
$218,000
Average Price Per Sq Ft
$257
Last 12 months Home Sales
12
Median List Price
$215,000
Median Discount From 1st List Price
0%
Median Home Sale Price YoY Change
11%

Home Facts

Number of Homes in Neighborhood
218
Median Year Built
1949
Avg. Single Family Home Size Sq Ft
3,191
Significantly above the national average
1,935
Average 2 Bedroom Size Sq Ft
852
Average 1 Bedroom Size Sq Ft
779
Median Lot Size Sq Ft
13,068

Distribution of Home Values

Source: Public Records

Homes for Rent

Interested in learning more about homes in this area? Reach out to Jean Armendariz-Kerr, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
1,490
Median Age
34
Population Density
28 ppl/acre
Population under 18
17.4%
Below the national average
23.8%
Population over 65
9%
Below the national average
19.1%

Finances

Median Household Income
$47,608
Significantly below the national average
$71,702
Average Household Income
$57,403

Education and Workforce

High School Graduates
86.4%
College Graduates
41.7%
Above the national average
34.1%
Advanced Degrees
15.4%
% Population in Labor Force
80.3%
Above the national average
65.1%

Weather

Annual Precipitation
37''
Average Winter Low Temperature
12°F
Average Summer High Temperature
82°F
Annual Snowfall
44''

Area Factors

Very Bikeable

Bike Score®

88 / 100

Car-Dependent

Walk Score®

35 / 100

Some Transit

Transit Score®

48 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Sherman Terrace
Jean Armendariz-Kerr
Mode Realty Network
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