Sheridan County, North Dakota Housing Market
In Sheridan County, North Dakota, the median home value is $110,300, with a median monthly rent of $373. This places Sheridan County at #2790 nationally out of 3134 counties by median home value, and #47 within North Dakota.
📈 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: $870
- Establishments: 31
- BLS QCEW, 2025
Housing Supply
- Single-family: 4
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 510 (avg $65,700)
- Outflow: 510 (avg $65,700)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Sheridan County Compares
| Metric | Sheridan County | North Dakota Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $110,300 | $175,786 | $227,706 |
| Median Gross Rent | $373 | $772 | $968 |
| Owner Occupancy Rate | 84.0% | 73.6% | 73.3% |
| Price/Rent Ratio | 24.6 | 18.9 | 18.7 |
Market Analysis
The median home value in Sheridan County is 37.3% below the North Dakota state average and 51.6% below the U.S. national average. The median rent of $373/month is 51.7% below the state average.
With a price-to-rent ratio of 24.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Sheridan County has an owner-occupancy rate of 84.0%, compared to 73.6% in North Dakota and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Grant County | Kansas | $110,300 | $718 |
| Holmes County | Florida | $110,200 | $844 |
| Metcalfe County | Kentucky | $110,200 | $582 |
| Garden County | Nebraska | $110,400 | $700 |
| Stephens County | Texas | $110,200 | $846 |
Other Counties in North Dakota
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Adams County | $113,200 | $594 | 71.8% |
| Wells County | $114,500 | $648 | 77.1% |
| Rolette County | $103,800 | $505 | 62.8% |
| LaMoure County | $117,200 | $766 | 83.6% |
| Emmons County | $117,200 | $568 | 79.8% |
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).