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Sheridan

Learn about the people, housing, costs and businesses in Sheridan, Arkansas

Median Home$186,798
Median Rent$802/month
Population4,943
Leading IndustryRetail23% of local workforce
Home Value Growth⬆⬆+15.5% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners71% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Sheridan
AR

Frequently Asked Questions

What are today's mortgage rates in Sheridan?

As of today, the 30-year fixed mortgage rate for Sheridan is approximately 6.968% (7.007% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Sheridan?

The median home value in Sheridan is $187k. The median monthly rent is $802. Annual property taxes average $939. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sheridan?

Home values in Sheridan have increased 15.5% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Sheridan?

Based on a typical all-in ownership cost of $795/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $34k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sheridan is $65k/year.

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What industries drive the economy in Sheridan?

The largest employment sectors in Sheridan are retail (23%) and public administration (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.