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These days, finding an affordable place to live in the Sheridan Lake area can be challenging. Home prices in Sheridan Lake are now at a median cost of $196,999, lower than the Colorado average of $579,698.
The average cost of rent is $872/mo in Sheridan Lake, primarily driven by the current value of real estate in the Sheridan Lake area. In Sheridan Lake, 37.57% of households rent, and 65.69% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sheridan Lake is $4,448 per month. Households that rent pay about 19.60% of their income on rent here. Sheridan Lake’s most expensive areas are in the central 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
- Towner, CO: equally priced homes
- Bristol, CO: equally priced homes
- May Valley, CO: equally priced homes
- Hartman, CO: higher priced homes
- Eads, CO: less expensive homes
- Goodale, CO: equally priced homes
- Cheyenne Wells, CO: equally priced homes
- Koen, CO: less expensive homes
- Horace, KS: less expensive homes
- Arapahoe, CO: less expensive homes
Cities with Similar Populations
- Topsfield, ME: less expensive homes
- Choteau Junction, MT: higher priced homes
- Cibola, AZ: less expensive homes
- Circle City, AZ: higher priced homes
- Claresville, VA: less expensive homes
- Claytonville, IL: less expensive homes
- Cleopatra, KY: less expensive homes
- Coalport, OH: equally priced homes
- Tilden, IN: higher priced homes
- Tilly, AR: less expensive homes
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