Sheridan County, North Dakota Housing Market Prices
Sheridan County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 176% above the North Dakota median Among the 5 most expensive counties in North Dakota$347,500
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Median rent 61% below the North Dakota median Cheapest county in North Dakota$372
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sheridan County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $347,500 | $125,877 | $248,835 |
| Price Trend (Annual %) | 10.4% | 0.5% | 7.5% |
| Median Gross Rent | $372 | $953 | $1,407 |
| Rent Trend (Annual %) | 3.9% | 3.3% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sheridan County is about 176% higher than in North Dakota. Rent is about 61% lower than the North Dakota average.
Median Home and Rent Price Trends
Median Home Prices, 2022-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Sheridan County, up about 10.4% and 3.9% a year respectively. Home prices are changing faster.
Median rent in Sheridan County rose about 4.5% between 2015 and 2024, from $356 to $372. Over the same span, rent in North Dakota rose about 34.4%.
Affordability
On average, housing unit costs 5.7 yearly household incomes in Sheridan County.
Buying the median-priced home in Sheridan County costs roughly 77.8 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Sheridan County. The price-to-rent ratio in North Dakota is about 11.0.
| Metric | Sheridan County | North Dakota Avg | US Average |
|---|---|---|---|
| Median Home Price | $347,500 | $125,877 | $248,835 |
| Median Household Income | $61,352 | $76,862 | $80,455 |
| Price-to-Income Ratio | 5.7 | 1.6 | 3.1 |
Home Prices vs Income Over Time
Between 2022 and 2024, the median home price in Sheridan County rose about 20.9%, while median household income rose about 69.9% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Sheridan County | North Dakota Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.7% | 55.2% | 58.5% |
| Rental Rate | 12.9% | 32.6% | 31.2% |
| Vacancy Rate | 19.5% | 12.3% | 10.2% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Sheridan County has a homeownership rate of 67.7%, higher than the North Dakota average of 55.2%. Its housing vacancy rate is 19.5%, compared with 12.3% in North Dakota.
Housing Stock
| Metric | Sheridan County | North Dakota Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.91 people | 2.29 people | 2.53 people |
| Median Structure Built Year | 1968 | 1984 | 1978 |
| Median Number of Rooms | 6.2 | 5.7 | 5.5 |
The typical housing unit in Sheridan County was built around 1968. On average, 1.9 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Sheridan County, ND Housing Compared With Nearby Counties
How Sheridan County, ND compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sheridan County, ND | 1,303 | $347,500 #1/2 | $372 #2/2 | 84.0% #1/2 |
| Burleigh County, ND | 100,591 | $27,777 | $997 | 71.2% |
Frequently Asked Questions
Common questions about the housing market in Sheridan County, North Dakota.
What is the median home price in Sheridan County, North Dakota?
The median home price in Sheridan County, North Dakota is $347,500, higher than the North Dakota average of $125,877.
What is the average home price in Sheridan County, North Dakota?
The typical home price in Sheridan County, North Dakota, reported as the median sale price, is $347,500. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Sheridan County, North Dakota?
The median gross rent in Sheridan County, North Dakota is $372 per month, lower than the North Dakota average of $953.
What was the median gross rent in Sheridan County in 2020?
In 2020, the median gross rent in Sheridan County, North Dakota was $436 per month.
What is the price-to-rent ratio in Sheridan County, North Dakota?
The price-to-rent ratio in Sheridan County, North Dakota is about 77.8, meaning it would take roughly 77.8 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Sheridan County.
Are home prices or rent rising faster in Sheridan County, North Dakota?
Both home prices and rent are rising in Sheridan County, up about 10.4% and 3.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sheridan County, North Dakota?
67.7% of households in Sheridan County, North Dakota own their home, higher than the North Dakota average of 55.2%.
What is the vacancy rate in Sheridan County, North Dakota?
The housing vacancy rate in Sheridan County, North Dakota is 19.5%, higher than the North Dakota average of 12.3%.
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