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City · 19,285 residents · Sheridan County, Wyoming

Sheridan , Wyoming

In Sheridan, a typical home is worth $340,600 and typical rent is $936 a month. Compared with all of Sheridan County, the typical home value is 14% lower, typical household income is 12% lower, and the share of households that own their home is 9 points lower.

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  • Typical home value

    $340,600

    14% below the county

    10% above Wyoming

    • Sheridan
    • County
    • Wyoming

  • Typical rent

    $936a month

    About the same as the county

    6% below Wyoming

    • Sheridan
    • County
    • Wyoming

  • Typical household income

    $62,867a year

    12% below the county

    17% below Wyoming

    • Sheridan
    • County
    • Wyoming

  • Households that own their home

    62%

    9 points below the county

    10 points below Wyoming

    • Sheridan
    • County
    • Wyoming

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

Market now, with Zillow data

Zillow data
Typical home value
$435,825
about the same as 12 months ago
Typical rent
$1,680 a month

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

Sheridan is in Sheridan 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 Sheridan 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. Nearby, in Riverton, the typical home value is $219,400: 36% less than in Sheridan ($340,600).

  2. Nearby, in Powell, the typical rent is $764: 18% less than in Sheridan ($936).

  3. 62% of households in Sheridan own their home, against 71% in Sheridan 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

The detached house is still the most common home in Sheridan, but it weighs less than in Sheridan County: 64% against 74%.

Year built

The typical home in Sheridan was built in 1978, 5 years before the typical one in Sheridan County.

There are fewer big homes in Sheridan than in Sheridan County: 50% have 3 bedrooms or more, against 59%.

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

The FHA loan limit for Sheridan County is $541,287, and about 83% of owner-occupied homes in Sheridan are worth less than that.

Monthly rent with utilities

About 65% of rented homes in Sheridan cost less than HUD's 2-bedroom fair market rent for Sheridan County ($1,168); the rest cost more.

With a mortgage

$1,754 a month

Sheridan County: $1,889 a month

Without a mortgage

$532 a month

Sheridan County: $592 a month

Owners with a mortgage

60%

Sheridan County: 56%

Owning costs less in Sheridan: with a mortgage, the typical cost is $1,754 a month; in Sheridan County, $1,889. Without one, $532.

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 49% since 2015–2019, more than in Sheridan County (45%).

Rents in Sheridan rose at about the same pace as in Sheridan County: 14% since 2015–2019, against 12%.

The typical household income in Sheridan rose 16% over that time; home values changed +49% and rent +14%.

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

MeasureSheridanSheridan CountyWyomingUnited States
Rental vacancy Unreliable estimateUnreliable estimate6.0%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimateUnreliable estimate1.9%3.4%
People per household 2.162.252.342.53
Drive alone 83%80%75%69%
Carpool 6%7%9%9%
Public transit Unreliable estimateUnreliable estimate1%3%
Walk or bike 5%4%4%3%
Work from home 6%10%9%15%
Other means Unreliable estimateUnreliable estimate1%2%
Typical commute Unreliable estimate10 to 19 minutes10 to 19 minutes20 to 29 minutes

Much as in Sheridan County, a household in Sheridan has 2.16 people on average.

In Sheridan, 83% of workers drive alone to work; in Sheridan County, 80%.

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 $340,600, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 52% of the typical household income in Sheridan, which is $62,867 a year. For that payment to be 28% of income, a household would need to earn about $116,080 a year.

The calculator's FHA and conventional loan limits are those of all of Sheridan 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 $11,921 (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

$2,709

at 7.18% · 30 years

Loan amount
$334,431
Total interest
$481,168
Paid off in
November 2056

Includes $5,752 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,467 a month

  • Tight

    $1,467 to $1,886 a month

  • Hard

    more than $1,886 a month

    Your payment · 52%

Compared with the typical household income in Sheridan ($62,867 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$2,709
Principal & interest$2,266
Property tax$150
Home insurance$142
FHA mortgage insurance (MIP)$151

You need at least $11,921 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 Sheridan County

Sheridan is in Sheridan County, Wyoming. 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
$340,600
Typical monthly rent
$936
Typical yearly household income
$62,867
Households that own their home
62%
Effective property tax rate
0.53%

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

Numbers for all of Sheridan County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,168
Price change over 5 years (FHFA)
+55%
Homes in a high flood-risk zone
3.4%

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 Sheridan County.

Everything about Sheridan County

Buying

Buying a home in Sheridan

A typical home in Sheridan is worth $340,600: 14% below the county and 10% above Wyoming. With the typical household income in Sheridan ($62,867 a year), a typical home costs 5.4 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 5.4 years
  • County 5.5 years
  • Wyoming 4.1 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Sheridan County

According to FHFA’s house price index, home prices in Sheridan County rose 87% in the 10 years through 2025.

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

Period County Wyoming U.S.
Last year (2025) +7.6% +4.1% +2.9%
5 years (2020–2025) +55% +44% +47%
10 years (2015–2025) +87% +68% +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 Sheridan County, Wyoming and the U.S.

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

Typical home value
  • Sheridan $340,600
  • County $394,900
  • Wyoming $309,700
  • United States $332,700
Typical monthly rent
  • Sheridan $936
  • County $939
  • Wyoming $992
  • United States $1,413
Typical yearly household income
  • Sheridan $62,867
  • County $71,388
  • Wyoming $76,176
  • United States $80,734
See the full table
Sheridan next to Sheridan County and Wyoming
Measure Sheridan Sheridan County Wyoming U.S.
Typical home value $340,600 $394,900 $309,700 $332,700
Typical monthly rent $936 $939 $992 $1,413
Typical yearly household income $62,867 $71,388 $76,176 $80,734
Households that own their home 62% 71% 72% 65%
Typical yearly property tax $1,794 $2,177 $1,767 $3,119
Effective property tax rate 0.53% 0.55% 0.57% 0.94%
Renters with high rent for their income 48% 48% 43% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Sheridan 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 $340,600 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 $2,709a month

    Least cash to close
    Down payment
    $11,921
    Cash to close
    $22,139
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $151

  • Conventional, 5% down $2,646a month

    Down payment
    $17,030
    Cash to close
    $27,248
    Rate
    7.18%
    Mortgage insurance
    PMI · $162

  • Conventional, 20% down, no PMI $2,138a month

    Down payment
    $68,120
    Cash to close
    $78,338
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,453a month

    Down payment
    $51,090
    Cash to close
    $61,308
    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 Sheridan County.

Property tax

Effective rate in Sheridan

0.53%of the home’s value each year

$1,794 a year for the typical owner in Sheridan.

  • Sheridan 0.53%
  • County 0.55%
  • Wyoming 0.57%

What Wyoming publishes Homeowner's exemption: 25% of value (Wyoming State Legislature (Wyoming Statutes, Title 39))

Exemptions and deadlines in Wyoming

Flood risk in Sheridan County

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

Homes in the high-risk zone
3.4%
497
Of those, with NFIP insurance
6.2%
County Wyoming U.S.
Homes in the high-risk zone 3.4% 1.8% 3.5%
Of those, with NFIP insurance 6.2% 15% 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 $936 a month: about the same as the county. In Sheridan, 48% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Sheridan County, by unit size. To pay the 2-bedroom one ($1,168 a month) without spending more than 30% of your income, you would need to earn $22.46 an hour working full time.

HUD fair market rent for all of Sheridan 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 $887 $17.06 $35,480
1 bedroom $893 $17.17 $35,720
2 bedrooms $1,168 $22.46 $46,720
3 bedrooms $1,392 $26.77 $55,680
4 bedrooms $1,952 $37.54 $78,080

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 82801.

For 2 bedrooms it is $1,160: $8 less than the fair market rent for Sheridan County ($1,168).

  • 82801 $1,160$1,380

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 14 buildings with rents for lower incomes in Sheridan. These are the largest.

  • Heritage Towers of the Christian Church 428 N Jefferson St, Sheridan 82801 75 low-income homes · For older adults (307) 674-9632
  • Sheridan Square 200 Smith St, Sheridan 82801 75 low-income homes · 1 bd: 69 · 2 bd: 6 · In service since 2020 · For older adults (307) 672-8283
  • Courtyards at Sheridan 1751 S Sheridan Ave, Sheridan 82801 59 low-income homes · 2 bd: 20 · 3 bd: 29 · 4 bd: 10 · In service since 2003 · For families
  • Creekside Court 2076 S Sheridan Ave, Sheridan 82801 50 low-income homes · 1 bd: 32 · 2 bd: 18 · In service since 2003 · For older adults
  • Stadium Place Apts 1120 Mydland Rd, Sheridan 82801 48 low-income homes · 2 bd: 12 · 3 bd: 36 · In service since 2008 · For families

See all 15 buildings in Sheridan 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.

We found no HUD-approved agencies with an office in Sheridan County. The nearest ones are below; many serve by phone or online.

A pregnant woman reads paperwork on the sofa while the grandmother plays with the girl on the floor.

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

Which programs do I qualify for? All programs in Wyoming

  • Home$tretch Down Payment Assistance

    Statewide in Wyoming

    Wyoming state authority loan of up to $15,000 for the down payment, at 0% with no monthly payments, repaid when you sell, refinance or after 30 years; alongside WCDA's First-time Homebuyer, Spruce Up or Edge mortgages. Offered by Wyoming Community Development Authority (WCDA).

    Deferred

    See the program Official page

  • Amortizing DPA Loan Product

    Statewide in Wyoming

    Wyoming state authority loan of up to $15,000 for the down payment, closing costs and prepaid expenses, at a fixed rate with low monthly payments for up to 10 years; only with WCDA's Advantage mortgage, which does not require you to be a first-time buyer. Offered by Wyoming Community Development Authority (WCDA).

    Repayable

    See the program Official page

  • Mortgage Credit Certificate (MCC)

    Statewide in Wyoming

    Wyoming state authority certificate that turns part of your mortgage interest into a credit on your federal taxes for the life of the loan, as long as you keep qualifying; for first-time buyers, only with WCDA's HFA Preferred or Advantage mortgages; if you pay the federal recapture tax, you may get a refund from WCDA. Offered by Wyoming Community Development Authority (WCDA).

    Tax credit

    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.

  • Wyoming Housing Network, Inc.

    2345 E 2nd St, Casper · 139 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    (307) 472-5843

All counseling agencies in Wyoming

Help in Spanish near Sheridan

None of the 1 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 lists no housing authority with an office in Sheridan County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Wyoming Source: HUD

Cities

Nearby cities

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

Everything about Sheridan County Housing in Wyoming

Neighboring counties

If Sheridan 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
Three generations of a family gather on the porch of their home.

Questions

Housing questions about Sheridan

Short answers with the numbers for Sheridan and all of Sheridan 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 $340,600, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Sheridan County it is $394,900.

How much does it cost to rent in Sheridan?

Typical rent in Sheridan is $936 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Sheridan County is $1,168.

What is the FHA loan limit in Sheridan?

Sheridan uses the FHA limit for all of Sheridan 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 $1,794 a year, according to the U.S. Census Bureau. That is 0.53% of the home’s value; in Sheridan County, the rate is 0.55%.

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

We found no HUD-approved counseling agencies with an office in Sheridan County; the nearest ones are on this page. 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).