Sheridan County, Montana Housing Market
In Sheridan County, Montana, the median home value is $124,000, with a median monthly rent of $746. This places Sheridan County at #2564 nationally out of 3134 counties by median home value, and #54 within Montana.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $946
- Establishments: 187
- BLS QCEW, 2025
Migration Patterns
- Inflow: 1,534 (avg $69,636)
- Outflow: 1,409 (avg $70,588)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Sheridan County Compares
| Metric | Sheridan County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $124,000 | $276,876 | $227,706 |
| Median Gross Rent | $746 | $842 | $968 |
| Owner Occupancy Rate | 71.8% | 73.0% | 73.3% |
| Price/Rent Ratio | 13.9 | 27.2 | 18.7 |
Market Analysis
The median home value in Sheridan County is 55.2% below the Montana state average and 45.5% below the U.S. national average. The median rent of $746/month is 11.4% below the state average.
With a price-to-rent ratio of 13.9, buying a home in Sheridan County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Sheridan County has an owner-occupancy rate of 71.8%, compared to 73.0% in Montana and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Miller County | Georgia | $124,000 | $810 |
| Perry County | Mississippi | $124,000 | $755 |
| Hyde County | North Carolina | $124,000 | $1,263 |
| Eddy County | North Dakota | $124,000 | $590 |
| Pickens County | Alabama | $123,900 | $648 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Roosevelt County | $118,800 | $705 | 66.6% |
| Big Horn County | $143,400 | $697 | 66.7% |
| Wibaux County | $98,600 | $963 | 72.5% |
| Blaine County | $155,500 | $660 | 65.7% |
| Glacier County | $165,100 | $548 | 63.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).