Sheridan, CO—80110
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sheridan, CO
As of Oct '25, the median home price in Sheridan, CO is $485,000, with a year-over-year change of -3.4%. This indicates that home prices in Sheridan, CO are decreasing. According to Zillow, the 1-year price projection is -1.4%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $485,000 | -3.4% |
| Single Family | $490,000 | -3.4% |
| Condos | $240,000 | -4.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $288,000 | -5.6% |
2 Bed | $428,000 | -3.6% |
3 Bed | $490,000 | -3.4% |
4 Bed | $565,000 | -2.9% |
| 5 Bed | $576,000 | -3.4% |
% of Housing Stock
Rental Trends — Sheridan, CO
As of July '25, Rentcast reports the average rent in Sheridan, CO is $1,900, with a year-over-year rent change of -3.6%. Per bedroom, the median rent as of July '25 in Sheridan, CO is studios: $1,240, 1-bedrooms: $1,380, 2-bedrooms: $1,800, 3-bedrooms: $2,800, 4-bedrooms: $2,890. The most common rental property sizes in Sheridan, CO are 2-bedroom and 1-bedroom, accounting for 37.1% and 35.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,740 | $1,900 |
| Studio Rent | $950 | $1,240 |
| 1 Bed Rent | $1,320 | $1,380 |
| 2 Bed Rent | $1,760 | $1,800 |
| 3 Bed Rent | $2,750 | $2,800 |
| 4 Bed Rent | $3,000 | $2,890 |
% of Rental Stock
Property Listings — Sheridan, CO
As of Oct '25, Realtor.com reports that the median days on market for a home in Sheridan, CO is 37. This is a decrease of -15.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 50.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | -7.0% |
Listing Count | 84 | 2.0% |
| Listings as % of Homes | 0.4% | 2.0% |
Days on Market | 37 | -15.0% |
Demographics — Sheridan, CO
As of the latest ACS Survey released in 2023, Sheridan, CO has a population of 23,800, which has increased by 5.6% over the past 5 years. Sheridan, CO is a moderately popular place for families, as children make up 18.4% of the population. The area has a moderately educated workforce, with 37.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,800 | 5.6% |
% Under 18 | 18.4% | -1.6% |
% Seniors | 12.4% | 0.8% |
% WFH | 15.5% | 369.7% |
% w/ College Degree | 37.4% | 14.4% |
As of the latest ACS Survey released in 2023, Sheridan, CO is a predominantly white area, with 61.9% of the population identifying as white. The white population has shrunk by 10.9% in the last 5 years. The second most common race or ethnicity in Sheridan, CO is hispanic, making up 25.6% of the population. Foreign-born residents account for 8.5% of the population in Sheridan, CO, and this percentage has decreased by 9.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 61.9% | -10.9% |
% Black | 3.7% | 48.0% |
% Hispanic | 25.6% | 6.2% |
% Asian | 3.4% | 88.9% |
% Foreign Born | 8.5% | -9.6% |
Mortgage and Risk — Sheridan, CO
According to HUD data as of 2023, there were 229 mortgage originations in Sheridan, CO, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Sheridan, CO. Investor activity is low, as 4.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 229 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Sheridan, CO
As of 2024, the percent of homes in Sheridan, CO under the Section 8 program is 7.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Sheridan, CO, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 347 |
Total Units Section 8 | 339 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 83.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $340 | $1,320 | $1,660 |
| 2 Bedroom | $230 | $1,760 | $1,990 |
| 3 Bedroom | -$160 | $2,750 | $2,590 |
| 4 Bedroom | -$90 | $3,000 | $2,910 |
Affordability — Sheridan, CO
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $485,000 |
| Median Household Income | $82,000 |