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 5,103 people, 1,965 houses or apartments, and a median cost of homes of $269,780, Sheridan real estate is some of the most expensive in Arkansas, although Sheridan home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Sheridan, accounting for 72.03% of the city's housing units. Other types of housing that are prevalent in Sheridan include large apartment complexes or high rise apartments ( 13.16%), mobile homes or trailers ( 7.45%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.06%).
The most prevalent building size and type in Sheridan are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 59.84% owning and 40.16% renting.
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 ( 12.80%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.03%). There's also some housing in Sheridan built before 1939 ( 8.04%).
Vacant housing appears to be an issue in Sheridan. Fully 11.76% of the housing stock is classified as vacant. Left unchecked, vacant Sheridan homes and apartments can be a drag on the real estate market, holding Sheridan real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Sheridan's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sheridan during the period has been just 5.51%, which is lower than 70% of US communities.
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 3.48%, 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 0.44%, which equates to an annual appreciation rate of 1.78%.
Notably, Sheridan's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Arkansas, our data show that Sheridan's latest annual appreciation rate is lower than 80% of the other cities and towns in Arkansas.
$269,780
for Arkansas
for nation
1,965
$1,214 / per month