Sheridan, IN—46069
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sheridan, IN
As of Oct '25, the median home price in Sheridan, IN is $325,000, with a year-over-year change of 2.8%. This indicates that home prices in Sheridan, IN are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $325,000 | 2.8% |
| Single Family | $325,000 | 3.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $234,000 | 4.0% |
3 Bed | $303,000 | 3.1% |
4 Bed | $397,000 | 3.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sheridan, IN
As of July '25, Rentcast reports the average rent in Sheridan, IN is $1,970, with a year-over-year rent change of 15.9%. Per bedroom, the median rent as of July '25 in Sheridan, IN is 2-bedrooms: $1,320, 3-bedrooms: $1,880, 4-bedrooms: $2,100. The most common rental property sizes in Sheridan, IN are 3-bedroom and 1-bedroom, accounting for 39.8% and 29.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,980 | $1,970 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,320 | $1,320 |
| 3 Bed Rent | $1,980 | $1,880 |
| 4 Bed Rent | $2,050 | $2,100 |
% of Rental Stock
Property Listings — Sheridan, IN
As of Oct '25, Realtor.com reports that the median days on market for a home in Sheridan, IN is 64. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $311,000 | -4.0% |
Listing Count | 36 | -11.0% |
| Listings as % of Homes | 0.5% | -11.0% |
Days on Market | 64 | 20.0% |
Demographics — Sheridan, IN
As of the latest ACS Survey released in 2023, Sheridan, IN has a population of 6,920, which has decreased by -6.6% over the past 5 years. Sheridan, IN is a moderately popular place for families, as children make up 18.7% of the population. The area has a moderately educated workforce, with 26.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 6,920 | -6.6% |
% Under 18 | 18.7% | -16.1% |
% Seniors | 21.9% | 31.9% |
% WFH | 4.0% | -49.4% |
% w/ College Degree | 26.1% | 24.3% |
As of the latest ACS Survey released in 2023, Sheridan, IN is a predominantly white area, with 93.6% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Sheridan, IN is hispanic, making up 3.5% of the population. Foreign-born residents account for 1.9% of the population in Sheridan, IN, and this percentage has increased by 18.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.6% | -1.9% |
% Black | 0.0% | N/A |
% Hispanic | 3.5% | 105.9% |
% Asian | 0.1% | -85.7% |
% Foreign Born | 1.9% | 18.8% |
Mortgage and Risk — Sheridan, IN
According to HUD data as of 2023, there were 168 mortgage originations in Sheridan, IN, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Sheridan, IN. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 168 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Sheridan, IN
Sheridan, IN lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 13 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | 3.1% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | -$100 | $1,320 | $1,220 |
| 3 Bedroom | -$390 | $1,980 | $1,590 |
| 4 Bedroom | -$130 | $2,050 | $1,920 |
Affordability — Sheridan, IN
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.1 |
| Median Home Price | $325,000 |
| Median Household Income | $70,800 |