Sheridan, MI—48884
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sheridan, MI
As of Oct '25, the median home price in Sheridan, MI is $208,000, with a year-over-year change of 0.8%. This indicates that home prices in Sheridan, MI are flat. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $208,000 | 0.8% |
| Single Family | $208,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $219,000 | 1.4% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sheridan, MI
Sheridan, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sheridan, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Sheridan, MI is 21. This is a increase of 34.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $216,000 | -9.0% |
Listing Count | 4 | -37.0% |
| Listings as % of Homes | 0.2% | -37.0% |
Days on Market | 21 | 34.0% |
Demographics — Sheridan, MI
As of the latest ACS Survey released in 2023, Sheridan, MI has a population of 4,780, which has increased by 3.2% over the past 5 years. Sheridan, MI is a popular place for families, as children make up 26.4% of the population. The area has a poorly educated workforce, with 15.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,780 | 3.2% |
% Under 18 | 26.4% | 16.8% |
% Seniors | 15.6% | 4.7% |
% WFH | 4.3% | -12.2% |
% w/ College Degree | 15.6% | 41.8% |
As of the latest ACS Survey released in 2023, Sheridan, MI is a predominantly white area, with 90.8% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Sheridan, MI is hispanic, making up 6.2% of the population. Foreign-born residents account for 0.9% of the population in Sheridan, MI, and this percentage has decreased by 18.2% 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 | 90.8% | -6.0% |
% Black | 0.3% | -25.0% |
% Hispanic | 6.2% | 226.3% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 0.9% | -18.2% |
Mortgage and Risk — Sheridan, MI
Sheridan, MI lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Sheridan, MI
Sheridan, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 15 |
Total Units Section 8 | 15 |
% Rentals under Section 8 | 13.8% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $900 |
| 2 Bedroom | N/A | N/A | $1,080 |
| 3 Bedroom | N/A | N/A | $1,320 |
| 4 Bedroom | N/A | N/A | $1,430 |
Affordability — Sheridan, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $208,000 |
| Median Household Income | $60,000 |