In Sheridan, a typical home is worth $187,700 and typical rent is $780 a month. Compared with all of Grant County, the typical home value is 16% higher, typical household income is 13% lower, and the share of households that own their home is 15 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $180,941 to $226,297.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Sheridan is in Grant County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Grant County. See the county
What this place has that others do not, from public data, most unusual first.
1
Sheridan has the largest share of rent-burdened renters of the 65 cities in Arkansas with more than 5,000 people: 72%.
2
Nearby, in Malvern, the typical home value is $104,500: 44% less than in Sheridan ($187,700).
3
66% of households in Sheridan own their home, against 81% in Grant County.
4
According to Zillow, in the 12 months to September 2026 the typical home value in Sheridan rose 7.3%; in Arkansas, it rose 3.4%.
5
The typical home in Sheridan is worth $187,700,16% more than in Grant County as a whole ($161,700).
6
19% of households in Sheridan have no internet at home (10% in Grant County).
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Sheridan
What homes there are in Sheridan, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Sheridan
Grant County
Arkansas
United States
Kind of home: Sheridan and its comparisons
Measure
Sheridan
Grant County
Arkansas
United States
Detached house
79%
70%
70%
61%
Attached house
Unreliable estimate
Unreliable estimate
2%
6%
Building of 2 to 4
Unreliable estimate
Unreliable estimate
7%
8%
Apartments (5 or more)
Unreliable estimate
Unreliable estimate
11%
19%
Mobile home
Unreliable estimate
22%
11%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Sheridan, 8 in 10 homes are single-family detached houses; in Grant County, 7.
Year built
Before 19601960–19791980–19992000–20092010 or later
Sheridan
Grant County
Arkansas
United States
Year built: Sheridan and its comparisons
Measure
Sheridan
Grant County
Arkansas
United States
Before 1960
10%
6%
13%
26%
1960–1979
22%
25%
26%
24%
1980–1999
47%
36%
30%
25%
2000–2009
11%
14%
16%
14%
2010 or later
11%
20%
14%
11%
In Sheridan, half of the homes were built before 1989; in Grant County, before 1991.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K15%
$100K–$200K44%
$200K–$300K20%
$300K–$500K17%
$500K–$750KUnreliable
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Sheridan and its comparisons
Measure
Sheridan
Under $100K
15%
$100K–$200K
44%
$200K–$300K
20%
$300K–$500K
17%
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable
With an FHA limit of $541,287, at least 96% of owner-occupied homes in Sheridan sit below it: they are worth less than $500,000.
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99971%
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Sheridan and its comparisons
Measure
Sheridan
Under $500
Unreliable estimate
$500–$999
71%
$1,000–$1,499
Unreliable estimate
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
With a mortgage
$1,315 a month
Grant County: $1,325 a month
Without a mortgage
$442 a month
Grant County: $416 a month
Owners with a mortgage
49%
Grant County: 47%
Owning costs about the same in Sheridan as in Grant County: with a mortgage, $1,315 a month; without one, $442.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Sheridan+42%
Grant County+30%
Arkansas+47%
United States+53%
Typical rent
SheridanNo clear change
Grant CountyNo clear change
Arkansas+27%
United States+33%
Typical household income
SheridanNo clear change
Grant County+29%
Arkansas+28%
United States+29%
Change since 2015–2019: Sheridan and its comparisons
Measure
Sheridan
Grant County
Arkansas
United States
Typical home value
+42%
+30%
+47%
+53%
Typical rent
No clear change
No clear change
+27%
+33%
Typical household income
No clear change
+29%
+28%
+29%
Since 2015–2019, homes in Sheridan gained value faster than in Grant County: 42% against 30%.
The typical rent in Sheridan stayed about the same over that time: the difference is within the Census margin of error.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Sheridan and its comparisons
Measure
Sheridan
Grant County
Arkansas
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
6.4%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
1.1%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
2.7%
3.4%
People per household
2.44
2.59
2.46
2.53
Drive alone
77%
79%
79%
69%
Carpool
Unreliable estimate
10%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
0%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
2%
3%
Work from home
Unreliable estimate
10%
9%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
10 to 19 minutes
20 to 29 minutes
Fewer people live in each home here: 2.44 on average, against 2.59 in Grant County.
To get to work, 77% of workers in Sheridan drive alone; in Grant County, 79%.
Do the math
What would you pay each month for a home in Sheridan?
A typical home is tight for the typical income
We start with a typical home in Sheridan, worth $187,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 29% of the typical household income in Sheridan, which is $62,453 a year. For that payment to be 28% of income, a household would need to earn about $63,970 a year.
The calculator's FHA and conventional loan limits are those of all of Grant County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Sheridan. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $6,570 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,493
at 7.18% · 30 years
Loan amount
$184,300
Total interest
$265,164
Paid off in
November 2056
Includes $3,170 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,457 a month
Tight
$1,457 to $1,874 a month
Your payment · 29%
Hard
more than $1,874 a month
Compared with the typical household income in Sheridan ($62,453 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,249
Property tax
$83
Home insurance
$78
FHA mortgage insurance (MIP)
$83
You need at least $6,570 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,493; principal and interest $1,249.
The city and its county
Sheridan and Grant County
Sheridan is in Grant County, Arkansas. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Sheridan
Map of Grant County, Arkansas, with Sheridan marked. Around it, the neighboring counties.
Sheridan
Grant County
Other cities with a page
Sheridan's own numbers
Typical home value
$187,700
Typical monthly rent
$780
Typical yearly household income
$62,453
Households that own their home
66%
Effective property tax rate
0.53%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Grant County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$909
Price change over 5 years (FHFA)
+55%
Homes in a high flood-risk zone
1.8%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Grant County.
A typical home in Sheridan is worth $187,700: 16% above the county and about the same as Arkansas. With the typical household income in Sheridan ($62,453 a year), a typical home costs 3.0 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Sheridan3.0 years
Grant2.3 years
Arkansas3.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Grant County
According to FHFA’s house price index, home prices in Grant County rose 71% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Grant County.
Yearly change in FHFA’s price index in Grant County, 2016 to 2025
2016: +1.7% +1.7% 2016
2017: +1.9% +1.9% 2017
2018: +1.2% +1.2% 2018
2019: +2.9% +2.9% 2019
2020: +2.4% +2.4% 2020
2021: +11.4% +11.4% 2021
2022: +17.7% +17.7% 2022
2023: +11.0% +11.0% 2023
2024: +0.2% +0.2% 2024
2025: +6.2% +6.2% 2025
Change in FHFA’s price index in Grant County, Arkansas and the United States
Period
County
Arkansas
U.S.
Last year (2025)
+6.2%
+3.4%
+2.9%
5 years (2020–2025)
+55%
+52%
+47%
10 years (2015–2025)
+71%
+79%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Sheridan next to Grant County, Arkansas and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Sheridan$187,700
Grant$161,700
Arkansas$188,000
United States$332,700
Typical monthly rent
Sheridan$780
Grant$788
Arkansas$947
United States$1,413
Typical yearly household income
Sheridan$62,453
Grant$71,549
Arkansas$60,773
United States$80,734
See the full table
Sheridan next to Grant County and Arkansas
Measure
Sheridan
Grant County
Arkansas
U.S.
Typical home value
$187,700 ▲16% above the county
$161,700
$188,000
$332,700
Typical monthly rent
$780
$788
$947
$1,413
Typical yearly household income
$62,453 ▼13% below the county
$71,549
$60,773
$80,734
Households that own their home
66% ▼15 points below the county
81%
66%
65%
Typical yearly property tax
$999 ▲14% above the county
$880
$1,040
$3,119
Effective property tax rate
0.53% ▼0.01 points below the county
0.54%
0.55%
0.94%
Renters with high rent for their income
72% ▲22 points above the county
50%
45%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Grant County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Sheridan
For a typical $187,700 home in Sheridan, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Sheridan's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,493a month
Least cash to close
Down payment
$6,570
Cash to close
$12,201
Rate
7.18%
Mortgage insurance
FHA MIP · $83
Conventional, 5% down$1,458a month
Down payment
$9,385
Cash to close
$15,016
Rate
7.18%
Mortgage insurance
PMI · $89
Conventional, 20% down, no PMI$1,178a month
Down payment
$37,540
Cash to close
$43,171
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,352a month
Down payment
$28,155
Cash to close
$33,786
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Sheridan
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,493
$6,570
$184,300
7.18%
FHA MIP · $83
$12,201
580
Conventional, 5% down
$1,458
$9,385
$178,315
7.18%
PMI · $89
$15,016
620*
Conventional, 20% down, no PMI
$1,178
$37,540
$150,160
7.18%
None
$43,171
620*
ITIN, 15% down (example)
$1,352
$28,155
$159,545
8.18%
None
$33,786
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Sheridan is $780 a month: about the same as the county. In Sheridan, 72% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Grant County, by unit size. To pay the 2-bedroom one ($909 a month) without spending more than 30% of your income, you would need to earn $17.48 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Grant County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$802
$15.42
$32,080
1 bedroom
$805
$15.48
$32,200
2 bedrooms
$909
$17.48
$36,360
3 bedrooms
$1,196
$23.00
$47,840
4 bedrooms
$1,468
$28.23
$58,720
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Sheridan
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Sheridan is in ZIP code 72150.
For 2 bedrooms it is $910: $1 more than the fair market rent for Grant County ($909).
Fair market rent by ZIP code and size in Sheridan, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
72150
$800
$810
$910
$1,200
$1,470
ZIP code2 bd3 bd
72150 $910$1,200
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Sheridan when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Grant County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Sheridan or Grant County. The ones below are statewide in Arkansas: they work in Sheridan the same as in the rest of the state.
Arkansas state authority second mortgage of $1,000 to $15,000 for the down payment and closing costs, over 10 years and at the same rate as the ADFA first mortgage (Move-Up or StartSmart).Offered by Arkansas Development Finance Authority (ADFA).
No legal help resource on our list is for Sheridan or Grant County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Sheridan and all of Grant County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Sheridan?
The typical home value in Sheridan is $187,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Grant County it is $161,700.
How much does it cost to rent in Sheridan?
Typical rent in Sheridan is $780 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Grant County is $909.
What is the FHA loan limit in Sheridan?
Sheridan uses the FHA limit for all of Grant County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Sheridan?
The typical homeowner in Sheridan pays $999 a year, according to the U.S. Census Bureau. That is 0.53% of the home’s value; in Grant County, the rate is 0.54%.
Where can I find free help to buy or rent in Sheridan?
We found no HUD-approved counseling agencies with an office in Grant County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
