Sherman TX Real Estate • Heritage Ranch Market Report
Heritage Ranch Sherman TX: What New Construction Homes Actually Sold For
27 closed sales • $275,000 – $472,900 • Data from NTREIS MLS • Updated July 2026
If you’re looking at Heritage Ranch in Sherman, TX, you want real numbers, not a builder’s price sheet. I’m Wayne Wallace, SVP of Mortgage Solutions at Homewood Mortgage — and I’ve lived in Sherman for 20 years, with family roots in Grayson County going back to the 1920s. This report breaks down every home that closed in Heritage Ranch straight from MLS records: 27 sales between January and June 2026, all new construction from builder K. Hovnanian Homes.
Heritage Ranch sits in the 75092 corridor off Hwy 75/82 — right in the path of Sherman’s Texas Instruments semiconductor build-out. Every home in this dataset is brand-new construction, which makes it a cleaner read than most subdivision reports: there’s no 1990s resale mixed in to muddy the price-per-square-foot picture. Here’s what actually closed.
Heritage Ranch Sherman TX — 6-Month Sold Summary (Jan–Jun 2026)
| Metric | Value |
|---|---|
| Total Closings | 27 homes |
| Lowest Sale Price | $275,000 |
| Highest Sale Price | $472,900 |
| Average Sale Price | $352,773 |
| Median Sale Price | $350,000 |
| Total Sales Volume | $9,524,860 |
| Price Per Sq Ft Range | ~$125 – $192/sqft |
| Homes Under $350K | 13 (48% of closings) |
| Homes at $400K+ | 4 (15% of closings) |
| Builder | K. Hovnanian Homes (100% new construction) |
| HOA Dues | $800–$804/year |
| School District | Sherman ISD (Percy W Neblett Elem / Sherman Middle / Sherman High) |
| Financing Types Seen | Conventional, FHA, VA, Cash |
Price Tier Breakdown: What Each Budget Gets You in Heritage Ranch
Because every home here is new construction from a single builder, the price spread comes down almost entirely to floor plan and square footage rather than condition or age. Here’s how the 27 closings break out:
| Price Range | # of Sales | % of Market | Typical Home Profile |
|---|---|---|---|
| Under $300,000 | 2 | 7% | Smallest 1-story plan, 1,524 sqft, 3 bed/2 bath |
| $300,000 – $349,999 | 11 | 41% | 1,636–2,472 sqft, 3–5 bed, entry and move-up 1-story plans |
| $350,000 – $399,999 | 10 | 37% | 2,000–2,879 sqft, 3–5 bed, larger great-room plans |
| $400,000 – $449,999 | 3 | 11% | 3,159–3,217 sqft, 4 bed/4 bath, 2-story plans |
| $450,000+ | 1 | 4% | 2,815 sqft, 4 bed/4 bath, premium finish-out |
Key insight: Nearly half of Heritage Ranch buyers in this period closed under $350K — squarely inside the affordability window Sherman is known for. Only one sale crossed $450K — the community’s top closing at $472,900 — and it still used FHA financing, with a down payment sized to keep the loan amount under the 2026 FHA limit ($472,030). Nearly every price point in this community stays within reach of FHA and conventional conforming financing.
Complete List of Heritage Ranch Homes Sold — January through June 2026
Below is every closed sale from MLS records, sorted by closing date. Data sourced from NTREIS/MLS Matrix. Information deemed reliable but not guaranteed.
| Address | Bed/Bath | SqFt | Close Price | $/SqFt | Financing | Closed |
|---|---|---|---|---|---|---|
| 3504 Cloverleaf Lane | 5/3 | 2,386 | $316,000 | $132.44 | Cash | 01/21/2026 |
| 3615 Arrowhead Lane | 4/3 | 2,171 | $355,000 | $163.52 | Conventional | 01/22/2026 |
| 411 Sagebrush Trail | 3/2 | 2,002 | $332,000 | $165.83 | Conventional | 02/06/2026 |
| 619 Sagebrush Trail | 5/3 | 2,386 | $320,000 | $134.12 | Cash | 02/10/2026 |
| 3517 Hickory Street | 3/3 | 2,237 | $392,000 | $175.23 | FHA | 02/20/2026 |
| 511 Heritage Ranch Trail | 4/4 | 3,217 | $436,000 | $135.53 | Cash | 02/25/2026 |
| 504 Sagebrush Lane | 5/3 | 2,472 | $309,000 | $125.00 | Cash | 03/27/2026 |
| 418 Sagebrush Trail | 5/3 | 2,472 | $315,000 | $127.43 | Cash | 03/30/2026 |
| 3709 Arrowhead Lane | 3/2 | 2,000 | $350,000 | $175.00 | VA | 04/07/2026 |
| 3513 Hickory Street | 3/2 | 2,000 | $320,000 | $160.00 | VA | 04/08/2026 |
| 401 Heritage Ranch Trail | 3/3 | 2,237 | $375,000 | $167.64 | Conventional | 04/29/2026 |
| 405 Heritage Ranch Trail | 3/2 | 1,861 | $310,000 | $166.58 | VA | 04/29/2026 |
| 3521 Hickory Street | 3/3 | 2,302 | $350,000 | $152.04 | Conventional | 05/08/2026 |
| 403 Sagebrush Trail | 3/3 | 2,026 | $340,000 | $167.82 | FHA | 05/08/2026 |
| 615 Sagebrush Trail | 3/2 | 1,524 | $278,000 | $182.41 | Conventional | 05/12/2026 |
| 603 Sagebrush Trail | 3/3 | 2,098 | $316,000 | $150.62 | Conventional | 05/14/2026 |
| 3807 Hickory Street | 3/2 | 2,000 | $345,000 | $172.50 | Conventional | 05/18/2026 |
| 3614 River Creek Trail | 4/3 | 2,184 | $386,000 | $176.74 | Conventional | 05/21/2026 |
| 723 Sagebrush Trail | 3/2 | 1,636 | $314,000 | $191.93 | Conventional | 05/29/2026 |
| 727 Sagebrush Trail | 4/3 | 2,402 | $380,160 | $158.27 | Conventional | 06/08/2026 |
| 3704 Hickory Street | 5/4 | 2,879 | $444,800 | $154.50 | Conventional | 06/08/2026 |
| 806 Sagebrush Trail | 3/2 | 1,524 | $275,000 | $180.45 | VA | 06/08/2026 |
| 3516 River Creek Trail | 3/3 | 2,237 | $370,000 | $165.40 | FHA | 06/12/2026 |
| 407 Sagebrush Trail | 3/2 | 1,861 | $353,000 | $189.68 | FHA | 06/24/2026 |
| 309 Sagebrush Trail | 4/4 | 3,159 | $420,000 | $132.95 | VA | 06/25/2026 |
| 504 Heritage Ranch Trail | 3/2 | 2,002 | $350,000 | $174.83 | FHA | 06/29/2026 |
| 417 Heritage Ranch Trail | 4/4 | 2,815 | $472,900 | $167.99 | FHA | 06/30/2026 |
Source: NTREIS MLS data compiled July 2026. Information deemed reliable but not guaranteed. All sales are in Heritage Ranch, Sherman, TX 75092, Grayson County. Builder: K. Hovnanian Homes.
What These Numbers Mean for Heritage Ranch Buyers
$275,000 – $299,000: The entry point in Heritage Ranch — the builder’s smallest 1-story plan at 1,524 sqft, 3 bedrooms, 2 baths. Both sales in this band closed in this exact floor plan, one financed VA with zero down.
$300,000 – $349,000: The busiest price band in the community — 11 of 27 closings. Plans here run 1,636–2,472 sqft with 3–5 bedrooms. A mix of Cash, Conventional, and VA buyers landed here, and it’s the range where a 5-bedroom plan at nearly the same price as a 3-bedroom plan shows up more than once — worth a look if bedroom count matters more to you than finish level.
$350,000 – $399,000: Ten sales in this range, 2,000–2,879 sqft, with FHA financing showing up more frequently as buyers stretch into larger great-room layouts.
$400,000+: Only four sales crossed $400K, topping out at $472,900 for a 2,815 sqft, 4-bed/4-bath home — the community’s largest and most upgraded floor plan in this dataset. The three homes in the $400K–$449K band were the 3,159–3,217 sqft two-story plans, the biggest footprints Heritage Ranch offers.
Mortgage Financing in Heritage Ranch: What Buyers Used
Of the 27 closings, financing split across four types — a healthy mix that reflects Heritage Ranch’s affordability relative to the rest of North Texas:
| Financing Type | Closings | % of Sales | Notes |
|---|---|---|---|
| Conventional | 11 | 41% | The most common path; every Heritage Ranch home falls well under the 2026 conforming loan limit |
| FHA | 6 | 22% | Used across the $340K–$473K range — including the community’s top sale, financed with a down payment sized to keep the loan under the 2026 FHA limit ($472,030) |
| VA | 5 | 19% | Zero-down financing used across a wide price spread, from $275K to $420K |
| Cash | 5 | 19% | Concentrated in the $309K–$436K range, several on the same streets — likely investor or relocation buyers |
Every single closing in this dataset — 27 of 27 — priced under the 2026 conforming loan limit, so no Heritage Ranch buyer in this period needed jumbo financing. That’s a meaningfully different picture than the luxury-tier subdivisions I cover elsewhere in North Texas, and it’s part of what makes this community approachable for first-time buyers and relocating semiconductor workers alike.
What Does a Heritage Ranch Home Cost Per Month?
Using a few reference points from this dataset, with 10% and 20% down on a 30-year conventional loan at approximate current market rates:
| Target Price | 10% Down | 20% Down | Loan Type |
|---|---|---|---|
| $310,000 | ~$1,810/mo* | ~$1,610/mo* | Conventional / VA |
| $350,000 | ~$2,040/mo* | ~$1,820/mo* | Conventional / FHA |
| $400,000 | ~$2,335/mo* | ~$2,080/mo* | Conventional / FHA |
| $472,900 | ~$2,760/mo* | ~$2,455/mo* | Conventional / FHA |
*P&I estimates only at a sample rate for illustration. Does not include taxes, insurance, HOA, or PMI. Contact me for a personalized payment analysis.
Buying in Heritage Ranch?
Get Pre-Approved Before You Tour
Whether you’re looking at an entry-level plan in the $270s or the largest floor plan in the community, I can structure the right loan for your situation and typically have a pre-approval back to you within 24 hours.
Call or text: 945-300-4644
About Heritage Ranch: What Buyers Should Know
Heritage Ranch is a new-construction community in Sherman, TX 75092, built entirely by K. Hovnanian Homes. Every home in this dataset was constructed in 2025 or 2026, with floor plans ranging from a compact 1,524 sqft 1-story starter plan up to a 3,217 sqft 2-story layout. Construction is brick and stone with slab foundations, and the community sits off the Hwy 75/82 corridor — a short drive from the Texas Instruments semiconductor campus that’s reshaping Sherman’s economy.
The HOA is mandatory at $800–$804 per year and covers maintenance of common grounds and management fees. Community amenity plans include a pool, walking trails, and a neighborhood park — some of which were still being built out during the earlier phases of this dataset and have come online as the community has matured. Heritage Ranch is zoned to Sherman ISD: Percy W Neblett Elementary, Sherman Middle School, and Sherman High School.
Because this is a builder community rather than a resale neighborhood, pricing tracks floor plan and finish level far more predictably than in older subdivisions — which is part of why the $/sqft spread here ($125–$192) is tighter than what you’ll typically see in an established resale market.
Frequently Asked Questions: Heritage Ranch Sherman TX Real Estate
What is the average home price in Heritage Ranch Sherman TX?
Based on 27 closed sales between January and June 2026, the average sale price is $352,773 and the median is $350,000. Prices range from $275,000 for the smallest floor plan up to $472,900 for the community’s largest home.
Who is the builder in Heritage Ranch?
Every home in this dataset was built by K. Hovnanian Homes. Heritage Ranch is a 100% new-construction community, so there’s no older resale inventory mixed into the pricing picture.
What are the HOA fees in Heritage Ranch?
HOA dues in Heritage Ranch run $800 to $804 per year, mandatory, covering maintenance of common grounds and management fees. Planned community amenities include a pool, walking trails, and a park.
What school district is Heritage Ranch Sherman TX in?
Heritage Ranch is zoned to Sherman ISD. Students attend Percy W Neblett Elementary, Sherman Middle School, and Sherman High School.
Can I use a VA loan to buy in Heritage Ranch?
Yes. VA financing is fully eligible in Heritage Ranch, and 5 of the 27 closings in this dataset used VA loans, ranging from $275,000 to $420,000. Sherman has a strong veteran community, and $0-down VA financing is one of the most underused benefits I see buyers leave on the table. Call 945-300-4644 or apply online.
Is Heritage Ranch a good investment given the Texas Instruments build-out?
The data shows steady, affordable demand — 27 closings in six months with prices concentrated between $300K and $400K, well under both the FHA and conforming loan limits for the area. Sherman is in the early stages of a major semiconductor-driven employment ramp, and buyers purchasing new construction in Heritage Ranch today are getting in before that full workforce wave arrives. As with any purchase decision, timing and financing structure depend on individual circumstances.
Ready to Buy or Finance in Heritage Ranch?
I’m Wayne Wallace, SVP of Mortgage Solutions at Homewood Mortgage — and I’ve called Sherman home for 20 years, with family roots in Grayson County going back to the 1920s. I help Heritage Ranch buyers navigate conventional, FHA, VA, and cash-to-close scenarios every week, and with the semiconductor build-out bringing relocating workers into this market, I’ve built specific experience structuring loans for out-of-state buyers with employment-letter documentation.