Sheridan, CO


Highest Appreciating Sheridan Neighborhoods Since 2000

Sheridan, CO Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sheridan Housing Market Information

With 6,039 people, 2,300 houses or apartments, and a median cost of homes of $180,284, 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 50.86% of the city's housing units. Other types of housing that are prevalent in Sheridan include large apartment complexes or high rise apartments ( 27.38%), mobile homes or trailers ( 9.43%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.65%).

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.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Sheridan's housing was primarily built during this period, from the '40s through the '60s. A full 41.86% of the city's housing hails from this era. Other housing ages represented in Sheridan include homes built between 1970-1999 ( 31.08%) and housing constructed between 2000 and later ( 22.44%). There's also some housing in Sheridan built before 1939 ( 4.62%).

Sheridan Home Appreciation Rates

In the last 10 years, Sheridan has experienced some of the highest home appreciation rates of any community in the nation. Sheridan real estate appreciated 36.06% over the last ten years, which is an average annual home appreciation rate of 3.13%, putting Sheridan in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sheridan definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Sheridan that despite a nationwide downturn in the housing market, Sheridan real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sheridan appreciation rates continue to be some of the highest in America, at 11.41%, which is higher than appreciation rates in 96.61% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sheridan. Sheridan appreciation rates in the latest quarter were at 2.55%, which equates to an annual appreciation rate of 10.59%.

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 Colorado, our data show that Sheridan's latest annual appreciation rate is higher than 80% of the other cities and towns in Colorado.

Average Home Values


Median Home Value:


Value Range
> $1,421,000 1.1
$1,066,001 - $1,421,000 0.0
$711,001 - $1,066,000 0.5
$569,001 - $711,000 0.2
$427,001 - $569,000 2.3
$284,001 - $427,000 17.6
$143,001 - $284,000 50.3
$71,001 - $143,000 8.5
$0 - $71,000 19.6

Low for CO
High for Nation

Value Relative to Nation Value Relative to State
38.046408062815 74.235807860262

Number Of Homes And Apartments:

Sheridan Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
53.37% 2.51% 4 7
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,414 / per month

Homeownership Rate

Owners 51.91
Renters 48.09
Vacant 8.48

Housing Market Details


Age of Homes

2000 or Newer 22.4
1970 - 1999 31.1
1940 - 1969 41.9
1939 or Older 4.6

Types of Homes

Single-Family 50.9
Townhomes 0.4
Small Apt. Buildings 6.6
Apt. Complexes 27.4
Mobile Homes 9.4
Other 5.3

Home Size

No Bedroom 0.00
1 Bedroom 24.23
2 Bedrooms 35.54
3 Bedrooms 26.26
4 Bedrooms 10.62
5 or more bedrooms 3.34