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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Sheridan, WY Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Sheridan, WY Housing Market Trends

With a population of 19,235, 8,254 total housing units (homes and apartments), and a median house value of $361,781, 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%).

Sheridan Home Appreciation Rates

Real estate appreciation rates in Sheridan's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 6.23% during the period.

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 3.57%, 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 4.60%, which equates to an annual appreciation rate of 19.69%.

Importantly, this makes Sheridan one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Wyoming, our data show that Sheridan's latest annual appreciation rate is lower than 70% of the other cities and towns in Wyoming.

Average Home Values

Median Home Value

$361,781

Sheridan, WY Home Prices
> $1,314,000
$986,001 - $1,314,000
$657,001 - $986,000
$526,001 - $657,000
$394,001 - $526,000
$263,001 - $394,000
$131,001 - $263,000
$66,001 - $131,000
$0 - $66,000
1.9%
1.9%
1.2%
1.2%
11.2%
11.2%
8.7%
8.7%
25.8%
25.8%
27.8%
27.8%
15.3%
15.3%
3.8%
3.8%
4.4%
4.4%
0% 100.0%
% of Homes
Average

for Wyoming

High

for nation

Number of Homes And Apartments:

8,254

Sheridan Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,399 / per month

Homeownership Rate

Owners
Renters
58.1%
58.1%
41.9%
41.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.4%
7.4%
92.6%
92.6%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.5%
23.5%
35.2%
35.2%
19.9%
19.9%
21.5%
21.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
65.1%
65.1%
5.9%
5.9%
9.0%
9.0%
13.6%
13.6%
5.9%
5.9%
0.5%
0.5%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.5%
2.5%
15.1%
15.1%
31.2%
31.2%
34.1%
34.1%
12.2%
12.2%
5.0%
5.0%
0% 100.0%
% of Homes

Popular Communities Near Sheridan, WY

Zip Codes in Sheridan, WY