Sheridan County, Wyoming 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 138% above the Wyoming median Among the 3 most expensive counties in Wyoming$624,999
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Median rent 5% below the Wyoming median$939
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sheridan County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $624,999 | $262,084 | $248,835 |
| Price Trend (Annual %) | 18.7% | 6.9% | 7.5% |
| Median Gross Rent | $939 | $991 | $1,407 |
| Rent Trend (Annual %) | 2.7% | 2.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sheridan County is about 138% higher than in Wyoming. Rent is about 5% lower than the Wyoming average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Sheridan County, up about 18.7% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Sheridan County rose about 28.6% between 2015 and 2024, from $730 to $939. Over the same span, rent in Wyoming rose about 25.7%.
Affordability
On average, housing unit costs 8.7 yearly household incomes in Sheridan County.
Buying the median-priced home in Sheridan County costs roughly 55.5 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 Wyoming is about 22.0.
| Metric | Sheridan County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $624,999 | $262,084 | $248,835 |
| Median Household Income | $72,117 | $76,390 | $80,455 |
| Price-to-Income Ratio | 8.7 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sheridan County rose about 138.1%, while median household income rose about 47.3% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Sheridan County | Wyoming Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.3% | 63.0% | 58.5% |
| Rental Rate | 26.3% | 24.8% | 31.2% |
| Vacancy Rate | 10.5% | 12.2% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Sheridan County has a homeownership rate of 63.3%, about the same as the Wyoming average of 63.0%. Its housing vacancy rate is 10.5%, compared with 12.2% in Wyoming.
Housing Stock
| Metric | Sheridan County | Wyoming Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.34 people | 2.53 people |
| Median Structure Built Year | 1981 | 1980 | 1978 |
| Median Number of Rooms | 5.6 | 5.8 | 5.5 |
The typical housing unit in Sheridan County was built around 1981. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sheridan County, Wyoming.
What is the median home price in Sheridan County, Wyoming?
The median home price in Sheridan County, Wyoming is $624,999, higher than the Wyoming average of $262,084.
What is the average home price in Sheridan County, Wyoming?
The typical home price in Sheridan County, Wyoming, reported as the median sale price, is $624,999. 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, Wyoming?
The median gross rent in Sheridan County, Wyoming is $939 per month, lower than the Wyoming average of $991.
What was the median gross rent in Sheridan County in 2020?
In 2020, the median gross rent in Sheridan County, Wyoming was $858 per month.
What is the price-to-rent ratio in Sheridan County, Wyoming?
The price-to-rent ratio in Sheridan County, Wyoming is about 55.5, meaning it would take roughly 55.5 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, Wyoming?
Both home prices and rent are rising in Sheridan County, up about 18.7% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sheridan County, Wyoming?
63.3% of households in Sheridan County, Wyoming own their home, about the same as the Wyoming average.
What is the vacancy rate in Sheridan County, Wyoming?
The housing vacancy rate in Sheridan County, Wyoming is 10.5%, lower than the Wyoming average of 12.2%.
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