Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$175,449+10.1% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 0% have cut their price
Income needed to buy, per year$38,034About 0.6× the local median income ($62,725): affordable for a typical household
Days on market106 daysFaster than a year ago: sellers have the edge
The typical home in Sheridan County, MT is worth $175,449, up 10.1% from a year ago. That is well above what local incomes have historically supported: fair value is about $154,286, so the area is 13.7% overvalued. It is a balanced market, leaning toward sellers: homes take about 106 days to sell, listings are down 53% from a year ago, 0% of listings have had a price cut. A household needs about $38,034 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $62,725. In the latest IRS figures, 74 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$175,449
Change in 1 year
+10.1%
Overvalued %
+13.7%
Show 6 more
Fair home value
$154,286
Change in 5 years
+24.8%
Home value to income
2.8×
Monthly mortgage payment (20% down)
$951
Income needed to afford it
$38,034
Property tax rate
1.23%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,214
Market activity
Listings vs a year ago
−53.3%
Days on market
106
Listings with a price cut
0.0%
Show 3 more
Homes for sale
7
Pending sales per 100 listings
14
Asking price per sq ft
$92
People and jobs
Median household income
$62,725
Population change (1 year)
−1.2%
Unemployment rate
2.1%
Show 4 more
Population
3,436
Income adjusted for cost of living
$68,477
Net moves in (IRS)
−74
Cost of living (US = 100)
91.6
Schools, risk and environment
School rating (1 to 10)
7.1
FEMA hazard risk score (0 to 100)
15.1
Unhealthy air days a year
4
Show 4 more
Flood risk score
13.3
Wildfire risk score
51.2
Walkability (1 to 20)
5.9
Road, rail and air noise
53 dB
Questions people ask
Is Sheridan County, MT overvalued?
Home prices in Sheridan County, MT are well above what local incomes have historically supported: fair value is about $154,286, so the area is 13.7% overvalued.
Is Sheridan County, MT a buyer's or seller's market?
Sheridan County, MT is a balanced market, leaning toward sellers: homes take about 106 days to sell, listings are down 53% from a year ago, 0% of listings have had a price cut.
Are home prices going down in Sheridan County, MT?
Home values in Sheridan County, MT are up 10.1% over the last year.
How much do you need to earn to buy a home in Sheridan County, MT?
A household needs about $38,034 a year to afford the typical home in Sheridan County, MT at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $62,725.