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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 $363,695, higher than the Indiana average of $232,932.
The average cost of rent is $1,115/mo in Sheridan, primarily driven by the current value of real estate in the Sheridan area. In Sheridan, 20.16% of households rent, and 28.97% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sheridan is $9,514 per month. Households that rent pay about 11.72% of their income on rent here. Sheridan’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Lamong, IN: higher priced homes
- Jolietville, IN: less expensive homes
- Big Springs, IN: higher priced homes
- Terhune, IN: less expensive homes
- Deming, IN: higher priced homes
- Boxley, IN: less expensive homes
- Westfield, IN: higher priced homes
- Pickard, IN: less expensive homes
- Elizaville, IN: equally priced homes
- Kirklin, IN: less expensive homes
Cities with Similar Populations
- Guadalupe, CA: higher priced homes
- Gleneagle, CO: higher priced homes
- Glenmont, NY: equally priced homes
- Glenn Dale, MD: higher priced homes
- Goldendale, WA: less expensive homes
- Gooding, ID: less expensive homes
- Goodrich, MI: equally priced homes
- Woodbine, NJ: less expensive homes
- Wisconsin Dells, WI: less expensive homes
- Greenville, RI: higher priced homes
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