Mortgage payment estimates, closing cost breakdowns, and homebuying data for Sheridan, Wyoming.
Pre-filled with Sheridan median home price and Wyoming tax/insurance rates. Adjust for your property.
Estimated closing costs based on Wyoming rates and fees applied to Sheridan prices.
The median home price in Sheridan is $345,000, roughly in line with the Wyoming state median of $340,000. With a population of 18,186, Sheridan is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Wyoming average 0.61% annually. This low property tax rate is a significant advantage for Sheridan buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Wyoming runs approximately $1,800 per year. This is within the normal range nationally.
Average rent in Sheridan is $1,180/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Sheridan presents moderate affordability. The $345K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.