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City · 6,005 residents · Arapahoe County, Colorado

Sheridan , Colorado

In Sheridan, a typical home is worth $380,600 and typical rent is $1,622 a month. Compared with all of Arapahoe County, typical household income is 40% lower, the typical home value is 32% lower, and the share of households that own their home is 6 points lower.

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  • Typical home value

    $380,600

    32% below the county

    29% below Colorado

    • Sheridan
    • Arapahoe
    • Colorado

  • Typical rent

    $1,622a month

    14% below the county

    8% below Colorado

    • Sheridan
    • Arapahoe
    • Colorado

  • Typical household income

    $60,608a year

    40% below the county

    37% below Colorado

    • Sheridan
    • Arapahoe
    • Colorado

  • Households that own their home

    59%

    6 points below the county

    7 points below Colorado

    • Sheridan
    • Arapahoe
    • Colorado

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$415,432
4.1% less than 12 months ago
Typical rent
$1,657 a month
2.6% less than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Sheridan is in Arapahoe County. The FHA loan limit ($862,500 for a one-unit home), the fair market rents and the help on this page are those of all of Arapahoe County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Sheridan apart

What this place has that others do not, from public data, most unusual first.

  1. The typical household income in Sheridan is $60,608, 40% less than in Arapahoe County as a whole ($101,087).

  2. The typical home in Sheridan is worth $380,600, 32% less than in Arapahoe County as a whole ($561,200).

  3. 59% of households in Sheridan own their home, against 65% in Arapahoe County.

Sources: U.S. Census Bureau (Average 2020–2024).

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

Homes in Sheridan are varied: detached houses are the largest group, at 50%, against 56% in Arapahoe County.

In Sheridan there are many mobile homes: 8% of homes; in Arapahoe County, 1%.

Year built

In Sheridan, half of the homes were built before 1974; in Arapahoe County, before 1986.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,296 a month

Arapahoe County: $2,423 a month

Without a mortgage

$467 a month

Arapahoe County: $742 a month

Owners with a mortgage

59%

Arapahoe County: 74%

In Sheridan, 59% of owners have a mortgage, and their typical cost is $2,296 a month, against $2,423 in Arapahoe County. Without one it drops to $467.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Sheridan gained value faster than in Arapahoe County: 67% against 57%.

The typical rent in Sheridan rose 32% over the same time; in Arapahoe County, it rose 36%.

While home values in Sheridan changed +67% and rent +32%, the typical household income rose 37%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSheridanArapahoe CountyColoradoUnited States
Rental vacancy Unreliable estimate5.5%5.1%5.5%
Homeowner vacancy Unreliable estimate0.6%0.8%0.9%
More than one person per room Unreliable estimate3.4%2.4%3.4%
People per household 2.592.552.422.53
Drive alone 72%66%65%69%
Carpool 12%8%8%9%
Public transit Unreliable estimate3%2%3%
Walk or bike Unreliable estimate2%3%3%
Work from home 12%21%21%15%
Other means Unreliable estimate2%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

Much as in Arapahoe County, a household in Sheridan has 2.59 people on average.

In Sheridan, 12% of workers share a car to get to work; in Arapahoe County, 8%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Sheridan?

A typical home costs more than the typical income allows

We start with a typical home in Sheridan, worth $380,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 60% of the typical household income in Sheridan, which is $60,608 a year. For that payment to be 28% of income, a household would need to earn about $129,713 a year.

The calculator's FHA and conventional loan limits are those of all of Arapahoe County.

Your numbers

Local data
$

Starts at the typical home value in Sheridan. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $13,321 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,027

at 7.18% · 30 years

Loan amount
$373,706
Total interest
$537,676
Paid off in
November 2056

Includes $6,427 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,414 a month

  • Tight

    $1,414 to $1,818 a month

  • Hard

    more than $1,818 a month

    Your payment · 60%

Compared with the typical household income in Sheridan ($60,608 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,027
Principal & interest$2,532
Property tax$168
Home insurance$159
FHA mortgage insurance (MIP)$168

You need at least $13,321 for the down payment, plus closing costs.

Next step

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.

The city and its county

Sheridan and Arapahoe County

Sheridan is in Arapahoe County, Colorado. 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's own numbers

Typical home value
$380,600
Typical monthly rent
$1,622
Typical yearly household income
$60,608
Households that own their home
59%
Effective property tax rate
0.53%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Arapahoe County

FHA limit, one-unit home
$862,500
Conventional limit, one unit
$862,500
HUD fair market rent, 2 bedrooms
$2,169
Price change over 5 years (FHFA)
+36%
Homes in a high flood-risk zone
0.2%

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 Arapahoe County.

Everything about Arapahoe County

Buying

Buying a home in Sheridan

A typical home in Sheridan is worth $380,600: 32% below the county and 29% below Colorado. With the typical household income in Sheridan ($60,608 a year), a typical home costs 6.3 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.

  • Sheridan 6.3 years
  • Arapahoe 5.6 years
  • Colorado 5.6 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Arapahoe County

According to FHFA’s house price index, home prices in Arapahoe County rose 94% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Arapahoe County.

Period County Colorado U.S.
Last year (2025) −0.1% +0.1% +2.9%
5 years (2020–2025) +36% +38% +47%
10 years (2015–2025) +94% +93% +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 Arapahoe County, Colorado and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Sheridan $380,600
  • Arapahoe $561,200
  • Colorado $539,400
  • United States $332,700
Typical monthly rent
  • Sheridan $1,622
  • Arapahoe $1,891
  • Colorado $1,761
  • United States $1,413
Typical yearly household income
  • Sheridan $60,608
  • Arapahoe $101,087
  • Colorado $95,470
  • United States $80,734
See the full table
Sheridan next to Arapahoe County and Colorado
Measure Sheridan Arapahoe County Colorado U.S.
Typical home value $380,600 $561,200 $539,400 $332,700
Typical monthly rent $1,622 $1,891 $1,761 $1,413
Typical yearly household income $60,608 $101,087 $95,470 $80,734
Households that own their home 59% 65% 66% 65%
Typical yearly property tax $2,003 $2,938 $2,602 $3,119
Effective property tax rate 0.53% 0.52% 0.48% 0.94%
Renters with high rent for their income 65% 56% 53% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Arapahoe 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 $380,600 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 $3,027a month

    Least cash to close
    Down payment
    $13,321
    Cash to close
    $24,739
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $168

  • Conventional, 5% down $2,957a month

    Down payment
    $19,030
    Cash to close
    $30,448
    Rate
    7.18%
    Mortgage insurance
    PMI · $181

  • Conventional, 20% down, no PMI $2,389a month

    Down payment
    $76,120
    Cash to close
    $87,538
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,741a month

    Down payment
    $57,090
    Cash to close
    $68,508
    Rate
    8.18%
    Mortgage insurance
    None

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.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Sheridan and for Arapahoe County.

Property tax

Effective rate in Sheridan

0.53%of the home’s value each year

$2,003 a year for the typical owner in Sheridan.

  • Sheridan 0.53%
  • Arapahoe 0.52%
  • Colorado 0.48%

What Colorado publishes Senior homestead exemption (owners 65 and older) (Colorado General Assembly (Colorado Revised Statutes 2024, Title 39))

Exemptions and deadlines in Colorado

Flood risk in Arapahoe County

FEMA does not publish these numbers by city: they are for all of Arapahoe County.

Homes in the high-risk zone
0.2%
397
Of those, with NFIP insurance
48%
County Colorado U.S.
Homes in the high-risk zone 0.2% 1.1% 3.5%
Of those, with NFIP insurance 48% 24% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Sheridan

Typical rent in Sheridan is $1,622 a month: 14% below the county. In Sheridan, 65% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Arapahoe County, by unit size. To pay the 2-bedroom one ($2,169 a month) without spending more than 30% of your income, you would need to earn $41.71 an hour working full time.

HUD fair market rent for all of Arapahoe County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,751 $33.67 $70,040
1 bedroom $1,831 $35.21 $73,240
2 bedrooms $2,169 $41.71 $86,760
3 bedrooms $2,846 $54.73 $113,840
4 bedrooms $3,183 $61.21 $127,320

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 80110.

For 2 bedrooms it is $1,910: $259 less than the fair market rent for Arapahoe County ($2,169).

  • 80110 $1,910$2,510

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 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Sheridan

HUD lists 4 buildings with rents for lower incomes in Sheridan. These are the largest.

  • Renaissance at Loretto Heights 3131 W Girard Ave, Sheridan 80110 76 low-income homes · 1 bd: 8 · 2 bd: 40 · 3 bd: 24 · 4 bd: 4 · In service since 1997
  • Sheridan Gardens 4300 S Lowell Blvd, Sheridan 80110 48 low-income homes · 2 bd: 36 · 3 bd: 12 · In service since 2019 · For families
  • Sheridan Gardens 4300 S Lowell Blvd, Sheridan 80110 48 low-income homes · For families (303) 797-0242
  • Sheridan Gardens Apts Ahpc 4300 S Lowell Blvd, Sheridan 80110 48 homes, 47 low-income · 2 bd: 36 · 3 bd: 12 · In service since 2003 · For families

See all 65 buildings in Arapahoe County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Sheridan

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.

There is 1 HUD-approved agency with an office in Arapahoe County; 1 says it serves in Spanish.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Sheridan

No down payment, repair or rent-help program on our list is for Sheridan or Arapahoe County. The ones below are statewide in Colorado: they work in Sheridan the same as in the rest of the state.

Which programs do I qualify for? All programs in Colorado

  • CHFA Down Payment Assistance

    Statewide in Colorado

    Colorado state agency help with the down payment or closing costs: a grant of up to 3% of the mortgage or a deferred second mortgage of up to 4%, both capped at $25,000. Offered by Colorado Housing and Finance Authority (CHFA).

    GrantDeferred

    See the program Official page

  • CHFA FirstGeneration

    Statewide in Colorado

    Open, per the source

    $25,000 from the Colorado state agency for the down payment of first-generation buyers (neither you nor your parents have owned a home); repaid when you sell, refinance or pay off the mortgage. Offered by Colorado Housing and Finance Authority (CHFA).

    Deferred

    See the program Official page

Housing counselors near Sheridan

The HUD-approved agencies closest to the center of Sheridan, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Southwest Improvement Council

    5045 W 1st Ave, Denver · 5 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (303) 934-0923

  • Colorado Housing Assistance Corporation

    670 Santa Fe Dr, Denver · 6 miles away

    • Mortgage delinquency and default
    • Pre-purchase counseling
    • and 1 more
    (303) 572-9445

  • Newsed CDC

    901 W 10th Ave Ste 2A, Denver · 6 miles away · Spanish

    Also serves in French.

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (036) 534-8342

Every agency in Arapahoe County All counseling agencies in Colorado

Help in Spanish near Sheridan

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Sheridan

HUD’s record names them for Sheridan or Arapahoe County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

3 other authorities have an office in Arapahoe County: see the list Source: HUD

Cities

Other cities in Arapahoe County

These cities are also in Arapahoe County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Arapahoe County Housing in Colorado

Nearby cities

The cities closest to Sheridan, with the typical home value.

Neighboring counties

If Arapahoe County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Sheridan.

All guides
A couple spread mulch under the avocado trees of their family orchard, he on the tractor and she with a shovel.

Questions

Housing questions about Sheridan

Short answers with the numbers for Sheridan and all of Arapahoe 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 $380,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Arapahoe County it is $561,200.

How much does it cost to rent in Sheridan?

Typical rent in Sheridan is $1,622 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Arapahoe County is $2,169.

What is the FHA loan limit in Sheridan?

Sheridan uses the FHA limit for all of Arapahoe County (2026): $862,500 for a one-unit home and $1,658,700 for a four-unit home.

How much property tax do owners pay in Sheridan?

The typical homeowner in Sheridan pays $2,003 a year, according to the U.S. Census Bureau. That is 0.53% of the home’s value; in Arapahoe County, the rate is 0.52%.

Where can I find free help to buy or rent in Sheridan?

There is 1 HUD-approved counseling agency with an office in Arapahoe County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).