Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 19,235, 8,254 total housing units (homes and apartments), and a median house value of $355,883, Sheridan real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Sheridan, accounting for 65.11% of the city's housing units. Other types of housing that are prevalent in Sheridan include large apartment complexes or high rise apartments ( 13.59%), duplexes, homes converted to apartments or other small apartment buildings ( 8.99%), and a few row houses and other attached homes ( 5.92%).
People in Sheridan primarily live in small (one, two or no bedroom) single-family detached homes. Sheridan has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Sheridan built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sheridan built between 2000 and later ( 23.48%). A lesser amount of the housing stock also hails from before 1939 ( 21.48%). There's also some housing in Sheridan built between 1940-1969 ( 19.87%).
Appreciation rates for homes in Sheridan have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 84.20%, which ranks in the top 50% nationwide. This equates to an annual average Sheridan house appreciation rate of 6.30%.
Over the last year, Sheridan appreciation rates have trailed the rest of the nation. In the last twelve months, Sheridan's appreciation rate has been 2.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sheridan were at 2.01%, which equates to an annual appreciation rate of 8.28%.
Relative to Wyoming, our data show that Sheridan's latest annual appreciation rate is higher than 60% of the other cities and towns in Wyoming.
$355,883
for Wyoming
for nation
8,254
$1,351 / per month