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These days, finding an affordable place to live in the Sheridan area can be challenging. Home prices in Sheridan are now at a median cost of $186,616, lower than the Arkansas average of $207,061.
The average cost of rent is $817/mo in Sheridan, primarily driven by the current value of real estate in the Sheridan area. In Sheridan, 24.91% of households rent, and 49.63% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sheridan is $6,032 per month. Households that rent pay about 13.55% of their income on rent here. Sheridan’s most expensive areas are in the southwestern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Center Grove, AR: less expensive homes
- Cross Roads, AR: higher priced homes
- Prattsville, AR: less expensive homes
- Prague, AR: less expensive homes
- Sardis, AR: higher priced homes
- Orion, AR: less expensive homes
- Tull, AR: less expensive homes
- Jefferson, AR: less expensive homes
- Poyen, AR: less expensive homes
- Redfield, AR: less expensive homes
Cities with Similar Populations
- Fort Pierce South, FL: higher priced homes
- Struthers, OH: less expensive homes
- Stonegate, CO: higher priced homes
- Geismar, LA: higher priced homes
- Fruitland, ID: higher priced homes
- Franklin Park, NJ: higher priced homes
- Franklin, PA: less expensive homes
- Frankfort Square, IL: higher priced homes
- Fortson, GA: higher priced homes
- Fort White, FL: equally priced homes
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