The typical owner-occupied home in Sheridan County is worth about $394,900, 28% above the Wyoming median of $309,700 and 19% above the national median of $332,700. Owners pay a median $2,177 a year in property taxes, about 0.55% of their home's value, close to the Wyoming rate of 0.57%. The median household earns $71,388 a year, so the median home costs 5.5 times the median income (4.1 times for Wyoming). 71% of occupied homes here are lived in by their owners, and 56% of those owners still have a mortgage.
Sheridan County at a glance
| Sheridan County | Wyoming | U.S. | |
|---|---|---|---|
| Median home value | $394,900 | $309,700 | $332,700 |
| Median property tax paid per year | $2,177 | $1,767 | $3,119 |
| Property tax as a share of value | 0.55% | 0.57% | 0.94% |
| Median household income | $71,388 | $76,176 | $80,734 |
| Homes lived in by their owners | 71% | 72% | 65% |
| Owner homes with a mortgage | 56% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,889 | $1,754 | $1,963 |
| Those costs as a share of the owners' income | 22.7% | 21.0% | 21.0% |
| Median rent | $939 | $992 | $1,413 |
| Rent as a share of renters' income | 29.0% | 27.0% | 30.6% |
| Median year homes were built | 1983 | 1981 | 1980 |
| Vacant homes | 10.5% | 12.2% | 10.1% |
| Population | 32,055 | 582,397 | 334,922,499 |
What a typical home costs per month in Sheridan County
At this week's average 30-year rate of 7.11%, buying the median Sheridan County home of $394,900 with 20% down costs about $2,471 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,129, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $105,889 for the 20%-down payment. That payment is 42% of the median Sheridan County household income of $71,388; at that income and 20% down, the 28% guideline points to a home of about $266,000.
The median rent here is $939 a month, so owning the median home costs about $1,532 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $78,980 |
|---|---|
| Loan amount | $315,920 |
| Principal and interest | $2,125 |
| Property taxes (0.55% a year) | $181 |
| Homeowners insurance (our estimate, 0.5% a year) | $165 |
| PMI | $0 |
| Total per month | $2,471 |
Change the numbers in the calculator
| Down payment | $13,822 |
|---|---|
| Loan amount | $387,747 |
| Principal and interest | $2,608 |
| Property taxes (0.55% a year) | $181 |
| Homeowners insurance (our estimate, 0.5% a year) | $165 |
| FHA mortgage insurance | $175 |
| Total per month | $3,129 |
Change the numbers in the calculator
Questions about home buying in Sheridan County
What is the median home value in Sheridan County?
About $394,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sheridan County?
Homeowners pay a median $2,177 a year, which is about 0.55% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Sheridan County?
For the median home with 20% down at 7.11%, the payment is about $2,471 a month. Keeping that under 28% of gross income takes about $105,889 a year.
More about Sheridan County
- Mortgage Refinance in Sheridan County
- Debt Relief in Sheridan County
- Home Equity Loans in Sheridan County
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data