Sheridan, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sheridan Neighborhoods Since 2000




Sheridan, CO Real Estate Data


Sheridan Housing Market Information

With a population of 6,039, 2,300 total housing units (homes and apartments), and a median house value of $175,187, 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 29.56% over the last ten years, which is an average annual home appreciation rate of 2.62%, 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 9.96%, which is higher than appreciation rates in 93.07% 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 0.36%, which equates to an annual appreciation rate of 1.43%.

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

Average Home Values

 

Median Home Value:
$175,187

Sheridan, CO HOME PRICES

Value Range
> $1,381,000 0.9
$1,036,001 - $1,381,000 0.0
$691,001 - $1,036,000 0.5
$552,001 - $691,000 0.2
$415,001 - $552,000 2.3
$276,001 - $415,000 17.6
$139,001 - $276,000 50.3
$69,001 - $139,000 8.5
$0 - $69,000 19.6

Low for CO
High for Nation

Value Relative to Nation Value Relative to State
39.5464666588539 75.1091703056769

Number Of Homes And Apartments:
2,300

Rent & Ownership

 

Average Market Rent:
$1,276 / per month

Homeownership Rate

Homeownership
Owners 51.91
Renters 48.09
Vacant 8.48

Housing Market Details

 

Age of Homes

AGE OF Sheridan HOMES
2000 or Newer 22.4
1970 - 1999 31.1
1940 - 1969 41.9
1939 or Older 4.6

Types of Homes

TYPE OF Sheridan 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

SIZE OF Sheridan HOMES
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

Sheridan Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
48.05% 2.30% 4 6
* 10 is highest