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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 $366,684, lower than the Colorado average of $579,698.
The average cost of rent is $1,481/mo in Sheridan, primarily driven by the current value of real estate in the Sheridan area. In Sheridan, 44.22% of households rent, and 43.85% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sheridan is $5,594 per month. Households that rent pay about 26.48% of their income on rent here. Sheridan’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Bow Mar, CO: higher priced homes
- Columbine Valley, CO: higher priced homes
- Littleton, CO: higher priced homes
- Cherry Hills Village, CO: higher priced homes
- Columbine, CO: higher priced homes
- Lakewood, CO: higher priced homes
- Englewood, CO: higher priced homes
- Glendale, CO: higher priced homes
- Dakota Ridge, CO: higher priced homes
- Ken Caryl, CO: higher priced homes
Cities with Similar Populations
- Shenandoah, PA: less expensive homes
- Goodview, VA: less expensive homes
- Goshen, KY: higher priced homes
- Gotha, FL: higher priced homes
- Graceville, FL: less expensive homes
- Granby, MA: equally priced homes
- Grant, MI: less expensive homes
- Grass Lake, MI: less expensive homes
- Gravette, AR: less expensive homes
- Harrisburg, AR: less expensive homes
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