Sheridan, OR housing market
The typical Sheridan home is worth about $399,000, about the same as a year ago, 20% below the Oregon typical home.
Home values, sales, trends and how Sheridan compares with the towns next door — updated as new data is published.
Sheridan at a glance
Only 4 sales in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Sheridan | Oregon |
|---|---|---|
| 2017 | $211,000 | $313,000 |
| 2018 | $236,000 | $337,000 |
| 2019 | $256,000 | $354,000 |
| 2020 | $278,000 | $369,000 |
| 2021 | $318,000 | $411,000 |
| 2022 | $376,000 | $480,000 |
| 2023 | $381,000 | $490,000 |
| 2024 | $387,000 | $495,000 |
| 2025 | $402,000 | $504,000 |
| 2026 | $401,000 | $500,000 |
| August 2026 | $399,000 | $496,000 |
No new homes permitted in 2019
No permits for new homes were issued in Sheridan in 2019. The last year with any was 2018 (6 new homes).
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Sheridan's population fell by 1,488 even though 62 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Oregon: 2.6 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2019 | 0 | 0 | 0 | — |
| 2018 | 6 | 6 | 0 | $1.2 million |
| 2017 | 5 | 5 | 0 | $788,000 |
| 2016 | 7 | 7 | 0 | $1.2 million |
| 2015 | 10 | 10 | 0 | $1.7 million |
| 2014 | 10 | 10 | 0 | $1.7 million |
| 2013 | 15 | 15 | 0 | $2.1 million |
| 2012 | 1 | 1 | 0 | $137,000 |
| 2011 | 1 | 1 | 0 | $119,000 |
| 2010 | 7 | 7 | 0 | $909,000 |
| 2009 | 5 | 5 | 0 | $694,000 |
| 2008 | 13 | 13 | 0 | $2 million |
| 2007 | 21 | 19 | 2 | $3.4 million |
| 2006 | 30 | 30 | 0 | $5 million |
| 2005 | 43 | 41 | 2 | $6.3 million |
| 2004 | 25 | 25 | 0 | $3.3 million |
| 2003 | 12 | 12 | 0 | $1.4 million |
| 2002 | 6 | 6 | 0 | $698,000 |
| 2001 | 0 | 0 | 0 | — |
Sheridan's permit office didn't report to the Census in 2019, so the 2019 figures are Census estimates.
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
5.6 years of income
The typical Sheridan home costs about 5.6 years of the town's median household income, less than across Oregon (6 years).
How Sheridan ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,800
HUD's Fair Market Rent for a two-bedroom in Sheridan is $1,800 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Sheridan pay a median of $1,220, so moving in tends to cost more than staying put. A two-bedroom takes about 31% of the town's median household income, above the 30% guideline for affordable housing.
Studio $1,470 · 4 bedrooms $2,900
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (97378; Portland-Vancouver-Hillsboro, OR-WA MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Sheridan
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.