2026 Affordability Data
Most Affordable Neighborhoods in Sheridan - 2026 Data
The median home value in Sheridan is $260,500, 8% below nat'l avg. Median rent is $1,112/month. We ranked 15 neighborhoods by affordability to help you find the best value in the Sheridan, OR area.
Key Takeaways: Affordability in Sheridan
- 1The most affordable neighborhood in Sheridan is Independence, with a median home value of $302,300.
- 2Sheridan's median home value is $260,500, 8% below nat'l avg (national: $281,900).
- 3Median rent in Sheridan is $1,112/month, 4% below nat'l avg (national: $1,163/month).
- 4We 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
$260,500
8% below nat'l avg
Median Rent
$1,112/mo
4% below nat'l avg
Median Income
$56,989
24% below nat'l avg
Affordability Index
N/A
Most Affordable Neighborhoods in Sheridan (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | IndependenceOR | $302,300 |
| 2 | Lake OswegoOR | $825,000 |
| 3 | MonmouthOR | $343,900 |
| 4 | SilvertonOR | $406,000 |
| 5 | TigardOR | $525,100 |
| 6 | GreshamOR | $411,700 |
| 7 | HillsboroOR | $452,300 |
| 8 | CorneliusOR | $379,400 |
| 9 | SandyOR | $435,100 |
| 10 | SpringfieldOR | $293,200 |
| 11 | OntarioOR | $174,900 |
| 12 | CorvallisOR | $436,000 |
| 13 | AlbanyOR | $321,600 |
| 14 | NewportOR | $373,400 |
| 15 | TualatinOR | $548,900 |
Detailed Neighborhood Profiles
Home Value: $302,300
Rent: $719/mo
Affordability: 89
Population: 9,981
Home Value: $825,000
Rent: $719/mo
Affordability: 89
Population: 40,457
Home Value: $343,900
Rent: $719/mo
Affordability: 89
Population: 11,054
4
Home Value: $406,000
Rent: $719/mo
Affordability: 89
Population: 10,439
5
Home Value: $525,100
Rent: $719/mo
Affordability: 89
Population: 55,161
6
Home Value: $411,700
Rent: $719/mo
Affordability: 89
Population: 113,525
7
Home Value: $452,300
Rent: $719/mo
Affordability: 89
Population: 106,612
8
Home Value: $379,400
Rent: $719/mo
Affordability: 89
Population: 13,245
9
Home Value: $435,100
Rent: $719/mo
Affordability: 89
Population: 12,592
10
Home Value: $293,200
Rent: $719/mo
Affordability: 89
Population: 61,740
11
Home Value: $174,900
Rent: $719/mo
Affordability: 89
Population: 11,610
12
Home Value: $436,000
Rent: $719/mo
Affordability: 89
Population: 60,050
13
Home Value: $321,600
Rent: $719/mo
Affordability: 89
Population: 56,348
14
Home Value: $373,400
Rent: $719/mo
Affordability: 89
Population: 10,319
15
Home Value: $548,900
Rent: $719/mo
Affordability: 89
Population: 27,804
Frequently Asked Questions About Affordability in Sheridan
What is the most affordable neighborhood in Sheridan, OR?▾
Based on 2026 data, Independence is the most affordable neighborhood in Sheridan with a median home value of $302,300. Kurby analyzed 15 neighborhoods in the Sheridan area to compile these rankings.
What is the median home price in Sheridan, OR?▾
The median home price in Sheridan is $260,500, which is 8% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
What is the average rent in Sheridan, OR?▾
The median monthly rent in Sheridan is $1,112. This is 4% 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 $56,989 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?▾
1 out of 15 ranked neighborhoods in Sheridan have a median home value below the national average of $281,900. The most affordable is Ontario at $174,900 (Source: Kurby, 2026).