Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$117,383−6.9% YoY · prices are falling fast
Market right nowBalanced marketFewer homes for sale than last year, 0% have cut their price
Income needed to buy, per year$25,446About 0.4× the local median income ($60,820): affordable for a typical household
Days on market78 daysSlower than a year ago: buyers have time to negotiate
The typical home in Sheridan County, ND is worth $117,383, down 6.9% from a year ago. That is well below what local incomes have historically supported: fair value is about $188,173, so the area is 37.6% undervalued. It is a balanced market: homes take about 78 days to sell, listings are down 0% from a year ago, 0% of listings have had a price cut. A household needs about $25,446 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 $60,820. In the latest IRS figures, 35 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
$117,383
Change in 1 year
−6.9%
Overvalued %
−37.6%
Show 6 more
Fair home value
$188,173
Change in 5 years
−44.7%
Home value to income
1.9×
Monthly mortgage payment (20% down)
$636
Income needed to afford it
$25,446
Property tax rate
0.70%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,078
Market activity
Listings vs a year ago
0.0%
Days on market
78
Listings with a price cut
0.0%
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Homes for sale
2
Pending sales per 100 listings
50
Asking price per sq ft
$90
People and jobs
Median household income
$60,820
Population change (1 year)
+1.7%
Unemployment rate
1.1%
Show 4 more
Population
1,296
Income adjusted for cost of living
$69,668
Net moves in (IRS)
−35
Cost of living (US = 100)
87.3
Schools, risk and environment
FEMA hazard risk score (0 to 100)
5.0
Flood risk score
4.1
Wildfire risk score
63.3
Show 2 more
Walkability (1 to 20)
5.7
Road, rail and air noise
52 dB
Questions people ask
Is Sheridan County, ND overvalued?
Home prices in Sheridan County, ND are well below what local incomes have historically supported: fair value is about $188,173, so the area is 37.6% undervalued.
Is Sheridan County, ND a buyer's or seller's market?
Sheridan County, ND is a balanced market: homes take about 78 days to sell, listings are down 0% from a year ago, 0% of listings have had a price cut.
Are home prices going down in Sheridan County, ND?
Home values in Sheridan County, ND are down 6.9% over the last year.
How much do you need to earn to buy a home in Sheridan County, ND?
A household needs about $25,446 a year to afford the typical home in Sheridan County, ND at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $60,820.