Sheridan, OR—97378
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sheridan, OR
As of Oct '25, the median home price in Sheridan, OR is $393,000, with a year-over-year change of 0.6%. This indicates that home prices in Sheridan, OR are flat. According to Zillow, the 1-year price projection is -0.7%, 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 | 0.6% |
| Single Family | $393,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $327,000 | 2.2% |
3 Bed | $385,000 | 0.0% |
4 Bed | $452,000 | 0.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Sheridan, OR
As of Oct '25, Realtor.com reports that the median days on market for a home in Sheridan, OR is 99. This is a increase of 77.0% 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 32.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $479,000 | -1.0% |
Listing Count | 31 | 17.0% |
| Listings as % of Homes | 0.9% | 17.0% |
Days on Market | 99 | 77.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Sheridan, OR
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $393,000 |
| Median Household Income | $80,700 |