Market Overview
Home Prices in Sheridan, MT
The median home value in Sheridan, MT is $500,304 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.7% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Sheridan are priced22% above average.
Over the past five years, Sheridan home values have risen by approximately32.7%, reflecting strong long-term appreciation in this market.
Price History
Sheridan Home Price Trend
2020
$290,796
$291K
—
2021
$376,959
$377K
+29.6%
2022
$459,924
$460K
+22.0%
2023
$429,853
$430K
-6.5%
2024
$455,969
$456K
+6.1%
2025
$477,644
$478K
+4.8%
2026
$500,304
$500K
+4.7%
City Comparison
Sheridan vs. National Median
🏠 Sheridan
$500,304
National Median
$410,000
At $500,304, homes in Sheridan cost 22% above the national median of $410,000. Buyers in Sheridan should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Sheridan?
20% Down Payment
$100,061
on $500,304
Monthly P&I
$2,609/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,313/mo
incl. taxes & insurance
Income Needed
$132,520
gross annual (30% rule)
10% Down Option
$50,030
+ PMI applies
Loan Amount (20% dn)
$400,243
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Sheridan, MT?
The median home value in Sheridan is $500,304 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.7% year-over-year.
How much have home prices changed in Sheridan?
Over the past year, home values in Sheridan have increased by 4.7%. Over five years, prices have risen approximately 32.7%.
How much do I need to earn to buy a home in Sheridan?
To comfortably afford the median home price of $500,304 with a 20% down payment ($100,061) at today's rates (6.8%), you'd need a gross annual income of approximately $132,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Sheridan compare to the national average home price?
The national median home value is approximately $410,000. At $500,304, homes in Sheridan are 22% above the national average.