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City · 6,339 residents · Yamhill County, Oregon

Sheridan , Oregon

In Sheridan, a typical home is worth $328,800 and typical rent is $1,220 a month. Compared with all of Yamhill County, the typical home value is 30% lower, typical household income is 21% lower, and the share of households that own their home is 9 points lower.

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  • Typical home value

    $328,800

    30% below the county

    31% below Oregon

    • Sheridan
    • Yamhill
    • Oregon

  • Typical rent

    $1,220a month

    18% below the county

    20% below Oregon

    • Sheridan
    • Yamhill
    • Oregon

  • Typical household income

    $70,785a year

    21% below the county

    15% below Oregon

    • Sheridan
    • Yamhill
    • Oregon

  • Households that own their home

    61%

    9 points below the county

    3 points below Oregon

    • Sheridan
    • Yamhill
    • Oregon

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

Market now, with Zillow data

Zillow data
Typical home value
$398,278
about the same as 12 months ago

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

Sheridan is in Yamhill County. The FHA loan limit ($701,500 for a one-unit home), the fair market rents and the help on this page are those of all of Yamhill 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 home in Sheridan is worth $328,800, 30% less than in Yamhill County as a whole ($471,700).

  2. The typical household income in Sheridan is $70,785, 21% less than in Yamhill County as a whole ($90,063).

  3. The typical rent in Sheridan is $1,220 a month, 18% less than in Yamhill County as a whole ($1,480).

  4. 61% of households in Sheridan own their home, against 69% in Yamhill 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

In Sheridan, 6 in 10 homes are single-family detached houses; in Yamhill County, 7.

Year built

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

$1,651 a month

Yamhill County: $2,091 a month

Without a mortgage

$539 a month

Yamhill County: $652 a month

Owners with a mortgage

65%

Yamhill County: 67%

Owning costs less in Sheridan: with a mortgage, the typical cost is $1,651 a month; in Yamhill County, $2,091. Without one, $539.

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

The typical home value in Sheridan rose 92% since 2015–2019, more than in Yamhill County (59%).

Since 2015–2019, the typical rent in Sheridan rose 31%, less than in Yamhill County (41%).

The typical household income in Sheridan rose 36% over that time; home values changed +92% and rent +31%.

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

MeasureSheridanYamhill CountyOregonUnited States
Rental vacancy Unreliable estimate3.5%4.2%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.7%0.9%
More than one person per room Unreliable estimate3.2%3.2%3.4%
People per household 2.582.612.422.53
Drive alone 71%71%65%69%
Carpool 9%8%9%9%
Public transit Unreliable estimateUnreliable estimate2%3%
Walk or bike 10%6%5%3%
Work from home Unreliable estimate14%19%15%
Other means Unreliable estimate2%1%2%
Typical commute 20 to 29 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

A household in Sheridan has 2.58 people on average, about the same as in Yamhill County (2.61).

More people walk or bike to work in Sheridan: 10%, against 6% in Yamhill County.

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 $328,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 45% of the typical household income in Sheridan, which is $70,785 a year. For that payment to be 28% of income, a household would need to earn about $114,055 a year.

The calculator's FHA and conventional loan limits are those of all of Yamhill 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 $11,508 (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

$2,661

at 7.18% · 30 years

Loan amount
$322,845
Total interest
$464,498
Paid off in
November 2056

Includes $5,553 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,652 a month

  • Tight

    $1,652 to $2,124 a month

  • Hard

    more than $2,124 a month

    Your payment · 45%

Compared with the typical household income in Sheridan ($70,785 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,661
Principal & interest$2,187
Property tax$192
Home insurance$137
FHA mortgage insurance (MIP)$145

You need at least $11,508 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 Yamhill County

Sheridan is in Yamhill County, Oregon. 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
$328,800
Typical monthly rent
$1,220
Typical yearly household income
$70,785
Households that own their home
61%
Effective property tax rate
0.7%

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

Numbers for all of Yamhill County

FHA limit, one-unit home
$701,500
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,878
Price change over 5 years (FHFA)
+40%
Homes in a high flood-risk zone
4.1%

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 Yamhill County.

Everything about Yamhill County

Buying

Buying a home in Sheridan

A typical home in Sheridan is worth $328,800: 30% below the county and 31% below Oregon. With the typical household income in Sheridan ($70,785 a year), a typical home costs 4.6 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 4.6 years
  • Yamhill 5.2 years
  • Oregon 5.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Yamhill County

According to FHFA’s house price index, home prices in Yamhill County rose 105% in the 10 years through 2025.

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

Period County Oregon U.S.
Last year (2025) +3.1% +0.9% +2.9%
5 years (2020–2025) +40% +35% +47%
10 years (2015–2025) +105% +86% +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 Yamhill County, Oregon and the U.S.

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

Typical home value
  • Sheridan $328,800
  • Yamhill $471,700
  • Oregon $477,600
  • United States $332,700
Typical monthly rent
  • Sheridan $1,220
  • Yamhill $1,480
  • Oregon $1,525
  • United States $1,413
Typical yearly household income
  • Sheridan $70,785
  • Yamhill $90,063
  • Oregon $83,011
  • United States $80,734
See the full table
Sheridan next to Yamhill County and Oregon
Measure Sheridan Yamhill County Oregon U.S.
Typical home value $328,800 $471,700 $477,600 $332,700
Typical monthly rent $1,220 $1,480 $1,525 $1,413
Typical yearly household income $70,785 $90,063 $83,011 $80,734
Households that own their home 61% 69% 63% 65%
Typical yearly property tax $2,306 $3,425 $3,876 $3,119
Effective property tax rate 0.7% 0.73% 0.81% 0.94%
Renters with high rent for their income 57% 56% 52% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Yamhill 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 $328,800 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 $2,661a month

    Least cash to close
    Down payment
    $11,508
    Cash to close
    $21,372
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $145

  • Conventional, 5% down $2,601a month

    Down payment
    $16,440
    Cash to close
    $26,304
    Rate
    7.18%
    Mortgage insurance
    PMI · $156

  • Conventional, 20% down, no PMI $2,111a month

    Down payment
    $65,760
    Cash to close
    $75,624
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,415a month

    Down payment
    $49,320
    Cash to close
    $59,184
    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 Yamhill County.

Property tax

Effective rate in Sheridan

0.7%of the home’s value each year

$2,306 a year for the typical owner in Sheridan.

  • Sheridan 0.7%
  • Yamhill 0.73%
  • Oregon 0.81%

What Oregon publishes 3 percent cap on maximum assessed value (Measure 50) (Oregon Legislature (Oregon Revised Statutes))

Exemptions and deadlines in Oregon

Flood risk in Yamhill County

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

Homes in the high-risk zone
4.1%
1,507
Of those, with NFIP insurance
20%
County Oregon U.S.
Homes in the high-risk zone 4.1% 2.8% 3.5%
Of those, with NFIP insurance 20% 25% 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 $1,220 a month: 18% below the county. In Sheridan, 57% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Yamhill County, by unit size. To pay the 2-bedroom one ($1,878 a month) without spending more than 30% of your income, you would need to earn $36.12 an hour working full time.

HUD fair market rent for all of Yamhill 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 $1,527 $29.37 $61,080
1 bedroom $1,633 $31.40 $65,320
2 bedrooms $1,878 $36.12 $75,120
3 bedrooms $2,550 $49.04 $102,000
4 bedrooms $3,069 $59.02 $122,760

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 97378.

For 2 bedrooms it is $1,730: $148 less than the fair market rent for Yamhill County ($1,878).

  • 97378 $1,730$2,360

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?

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 Yamhill County; 1 says it serves in Spanish.

A grandmother smiles, seated at home.

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 Yamhill County. The ones below are statewide in Oregon: they work in Sheridan the same as in the rest of the state.

Which programs do I qualify for? All programs in Oregon

  • OHCS Down Payment Assistance

    Statewide in Oregon

    Oregon state funds for the down payment and closing costs, delivered by local organizations: up to $60,000 or 20% of the price, sometimes as a grant or as a forgivable second mortgage, for first-time or first-generation buyers with income up to 100% of the area median. Offered by Oregon Housing and Community Services (OHCS).

    GrantForgivable

    See the program Official page

  • FirstHome (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for low- and moderate-income first-time buyers, with down payment assistance of 4% or 5% of the loan as a second mortgage. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    See the program Official page

  • NextStep (Flex Lending)

    Statewide in Oregon

    Oregon Housing and Community Services mortgage for any buyer, including people who have owned a home before, with down payment assistance of 4% or 5% of the loan as a second mortgage that can be forgivable or repayable. Offered by Oregon Housing and Community Services (OHCS).

    Type not stated

    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.

  • Housing Authority of Yamhill County

    135 NE Dunn Pl, McMinnville · 13 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 5 more
    (503) 883-4300

  • DevNW

    528 Cottage St NE Ste 304, Salem · 21 miles away · Spanish

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 7 more
    (503) 779-2680

  • OPEN DOOR COUNSELING CENTER DBA Open Door Housingworks

    34420 SW Tualatin Valley Hwy, Hillsboro · 34 miles away · Spanish

    Also serves in Polish, Russian, and Ukrainian.

    • Mortgage delinquency and default
    • Mortgage delinquency workshops
    • and 6 more
    (503) 748-0407

Every agency in Yamhill County All counseling agencies in Oregon

Help in Spanish near Sheridan

3 of the 3 agencies on this list say they serve 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 Yamhill County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of Yamhill County Public housing and Section 8 vouchers (503) 883-4300

All housing agencies in Oregon Source: HUD

Cities

Other cities in Yamhill County

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

Everything about Yamhill County Housing in Oregon

Nearby cities

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

Neighboring counties

If Yamhill 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 mother and her daughters smile together on a mountain trail with a snowy peak behind them.

Questions

Housing questions about Sheridan

Short answers with the numbers for Sheridan and all of Yamhill 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 $328,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Yamhill County it is $471,700.

How much does it cost to rent in Sheridan?

Typical rent in Sheridan is $1,220 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Yamhill County is $1,878.

What is the FHA loan limit in Sheridan?

Sheridan uses the FHA limit for all of Yamhill County (2026): $701,500 for a one-unit home and $1,349,050 for a four-unit home.

How much property tax do owners pay in Sheridan?

The typical homeowner in Sheridan pays $2,306 a year, according to the U.S. Census Bureau. That is 0.7% of the home’s value; in Yamhill County, the rate is 0.73%.

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

There is 1 HUD-approved counseling agency with an office in Yamhill 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).