Sheridan, OR 97378 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sheridan, OR—97378

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$393,000

0.2% YoY Growth

Household Income

$80,700

49.5% YoY Growth

Days on Market

29.0% Longer YoY

Home Price Forecast

-0.2%

Median Rent

$1,850

32.5% YoY Growth

1-Bed Rent

$1,300

N/A

2-Bed Rent

$1,100

N/A

3-Bed Rent

$1,980

1.5% YoY Growth

Home Price Trends — Sheridan, OR

As of Dec '25, the median home price in Sheridan, OR is $393,000, with a year-over-year change of 0.2%. This indicates that home prices in Sheridan, OR are flat. According to Zillow, the 1-year price projection is -0.2%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$393,000	0.2%
Single Family	$393,000	0.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Sheridan, OR

As of July '25, Rentcast reports the average rent in Sheridan, OR is $1,680, with a year-over-year rent change of -32.5%. Per bedroom, the median rent as of July '25 in Sheridan, OR is 1-bedrooms: $1,300, 2-bedrooms: $1,100, 3-bedrooms: $2,010. The most common rental property sizes in Sheridan, OR are 2-bedroom and 3-bedroom, accounting for 45.1% and 22.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,850	$1,680
Studio Rent	N/A	N/A
1 Bed Rent	$1,300	$1,300
2 Bed Rent	$1,100	$1,100
3 Bed Rent	$1,980	$2,010
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

17.9%

1 Bedroom

10.4%

2 Bedrooms

45.1%

3 Bedrooms

22.3%

4 Bedrooms

4.3%

Property Listings — Sheridan, OR

As of Dec '25, Realtor.com reports that the median days on market for a home in Sheridan, OR is 121. This is a increase of 71.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$617,000	13.0%
Listing Count	36	38.0%
Listings as % of Homes	0.9%	38.0%
Days on Market	87	29.0%

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Demographics — Sheridan, OR

As of the latest ACS Survey released in 2023, Sheridan, OR has a population of 9,610, which has increased by 15.2% over the past 5 years. Sheridan, OR is a moderately popular place for families, as children make up 18.3% of the population. The area has a poorly educated workforce, with 14.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 17.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	9,610	15.2%
% Under 18	18.3%	-4.7%
% Seniors	18.4%	26.0%
% WFH	17.3%	71.3%
% w/ College Degree	14.6%	25.9%

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As of the latest ACS Survey released in 2023, Sheridan, OR is a predominantly white area, with 76.0% of the population identifying as white. The white population has shrunk by 2.9% in the last 5 years. The second most common race or ethnicity in Sheridan, OR is hispanic, making up 12.0% of the population. Foreign-born residents account for 4.0% of the population in Sheridan, OR, and this percentage has increased by 5.3% 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	76.0%	-2.9%
% Black	3.1%	-22.5%
% Hispanic	12.0%	8.1%
% Asian	1.6%	-11.1%
% Foreign Born	4.0%	5.3%

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Mortgage and Risk — Sheridan, OR

According to HUD data as of 2023, there were 174 mortgage originations in Sheridan, OR, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 34.0% above 90% LTV (very high). This implies large mortgage risk in Sheridan, OR. Investor activity is low, as 1.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	174
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	1.0%
% Second Loans	1.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Sheridan, OR

Sheridan, OR lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	129
Total Units Section 8	129
% Rentals under Section 8	14.7%
% Occupied Section 8	88.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$300	$1,300	$1,600
2 Bedroom	$730	$1,100	$1,830
3 Bedroom	$550	$1,980	$2,530
4 Bedroom	N/A	N/A	$2,930

Sheridan, OR—97378

Key Metrics at a Glance

Home Price Trends — Sheridan, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sheridan, OR

% of Rental Stock

Property Listings — Sheridan, OR

Demographics — Sheridan, OR

Race and Ethnicity

Mortgage and Risk — Sheridan, OR

Mortgages

Rentals and Section 8 — Sheridan, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Sheridan, OR

Home Price to Income Ratio

Sheridan, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Willamina, OR

Dallas, OR

McMinnville, OR

Falls City, OR

Amity, OR

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.6
Median Home Price	$393,000
Median Household Income	$80,700

Sheridan, OR—97378

Key Metrics at a Glance

Home Price Trends — Sheridan, OR

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sheridan, OR

% of Rental Stock

Property Listings — Sheridan, OR

Demographics — Sheridan, OR

Race and Ethnicity

Mortgage and Risk — Sheridan, OR

Mortgages

Rentals and Section 8 — Sheridan, OR

Section 8 Market Size

Section 8 Opportunity

Affordability — Sheridan, OR

Home Price to Income Ratio

Sheridan, OR — ZIP Code Boundary Map

Nearby ZIP Codes

Willamina, OR

Dallas, OR

McMinnville, OR

Falls City, OR

Amity, OR

Frequently Asked Questions

What is the average home price in Sheridan, OR 97378?

How have home prices in Sheridan, OR 97378 changed over the past year?

What is the home price projection for Sheridan, OR 97378?

What are the demographics of Sheridan, OR 97378?

How long does it take homes to sell in Sheridan, OR 97378?

What is the average rent price in Sheridan, OR 97378?