2026 Affordability Data
Most Affordable Neighborhoods in Sheridan - 2026 Data
The median home value in Sheridan is $287,400, near national avg. Median rent is $1,087/month. With an affordability index of 111, Sheridan is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Sheridan, WY area.
Key Takeaways: Affordability in Sheridan
- 1The most affordable neighborhood in Sheridan is Cheyenne, with a median home value of $270,000.
- 2Sheridan's median home value is $287,400, near national avg (national: $281,900).
- 3Sheridan's affordability index is 111 (baseline 100), making it more affordable than the national average.
- 4Median rent in Sheridan is $1,087/month, 7% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Sheridan to find the most affordable areas based on home values, rent, and affordability index.
Sheridan Affordability Overview
Median Home Value
$287,400
Near nat'l avg
Median Rent
$1,087/mo
7% below nat'l avg
Median Income
$57,667
23% below nat'l avg
Affordability Index
111
11% above nat'l avg
Most Affordable Neighborhoods in Sheridan (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | CheyenneWY | $270,000 |
| 2 | EvanstonWY | $198,000 |
| 3 | JacksonWY | $921,100 |
| 4 | CasperWY | $242,800 |
| 5 | Green RiverWY | $244,600 |
| 6 | CodyWY | $301,900 |
| 7 | Rock SpringsWY | $243,100 |
| 8 | RivertonWY | $194,600 |
| 9 | GilletteWY | $242,900 |
| 10 | LaramieWY | $274,800 |
| 11 | NewcastleWY | $178,900 |
| 12 | TorringtonWY | $182,600 |
| 13 | MillsWY | $150,500 |
| 14 | WheatlandWY | $223,300 |
| 15 | DouglasWY | $231,200 |
Detailed Neighborhood Profiles
Home Value: $270,000
Rent: $998/mo
Affordability: 112
Population: 65,132
Walk Score: 69/100
Home Value: $198,000
Rent: $1,087/mo
Affordability: 111
Population: 11,801
Home Value: $921,100
Rent: $1,087/mo
Affordability: 111
Population: 10,748
4
Home Value: $242,800
Rent: $1,087/mo
Affordability: 111
Population: 58,631
5
Home Value: $244,600
Rent: $1,087/mo
Affordability: 111
Population: 11,772
6
Home Value: $301,900
Rent: $1,087/mo
Affordability: 111
Population: 10,081
7
Home Value: $243,100
Rent: $1,087/mo
Affordability: 111
Population: 23,361
8
Home Value: $194,600
Rent: $1,087/mo
Affordability: 111
Population: 10,733
9
Home Value: $242,900
Rent: $900/mo
Population: 33,158
10
Home Value: $274,800
Rent: $929/mo
Population: 31,735
11
Home Value: $178,900
Rent: $743/mo
Population: 3,380
12
Home Value: $182,600
Rent: $742/mo
Population: 6,161
13
Home Value: $150,500
Rent: $882/mo
Population: 4,218
14
Home Value: $223,300
Rent: $699/mo
Population: 3,575
15
Home Value: $231,200
Rent: $877/mo
Population: 6,356
Frequently Asked Questions About Affordability in Sheridan
What is the most affordable neighborhood in Sheridan, WY?▾
Based on 2026 data, Cheyenne is the most affordable neighborhood in Sheridan with a median home value of $270,000. Kurby analyzed 15 neighborhoods in the Sheridan area to compile these rankings.
What is the median home price in Sheridan, WY?▾
The median home price in Sheridan is $287,400, which is near national avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Sheridan affordable compared to the national average?▾
Sheridan has an affordability index of 111, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Sheridan, WY?▾
The median monthly rent in Sheridan is $1,087. This is 7% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Sheridan?▾
The median household income in Sheridan is $57,667 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Sheridan are below the national average home price?▾
13 out of 15 ranked neighborhoods in Sheridan have a median home value below the national average of $281,900. The most affordable is Cheyenne at $270,000 (Source: Kurby, 2026).