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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 $384,665, lower than the Montana average of $409,886.
The average cost of rent is $869/mo in Sheridan, primarily driven by the current value of real estate in the Sheridan area. In Sheridan, 16.28% of households rent, and 56.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sheridan is $6,305 per month. Households that rent pay about 13.78% of their income on rent here. Sheridan’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Laurin, MT: higher priced homes
- Twin Bridges, MT: equally priced homes
- Ruby, MT: higher priced homes
- Alder, MT: higher priced homes
- Silver Star, MT: higher priced homes
- Virginia City, MT: higher priced homes
- Mc Allister, MT: higher priced homes
- Pony, MT: higher priced homes
- Norris, MT: higher priced homes
- Varney, MT: higher priced homes
Cities with Similar Populations
- Lake Kiowa, TX: higher priced homes
- Satanta, KS: less expensive homes
- Sanator, SD: equally priced homes
- San Fidel, NM: less expensive homes
- Ralph, AL: less expensive homes
- Pueblo Of Acoma, NM: less expensive homes
- Paradis, LA: less expensive homes
- Padelford, NY: less expensive homes
- Londonderry, VT: equally priced homes
- Linton, ND: less expensive homes
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