Sheridan, MT

This town of 791 residents needs 10 more housing units over the next five years.

Housing snapshot

Population
791 (2026)
Households
362
Median household income
$96,576 (2026)
Typical home value
$508,385
Owner-occupied
80%
Five-year housing need
10 units

Comparison to other Montana municipalities

Sheridan: $96,576 Median income (2026 estimate)
<$26K >$115K
Sheridan: None jobs to household ratio
<0.55 >2.13
Sheridan: No permit data
<0.1% >15.1%
On this page

How affordable is this community?

The typical home in Sheridan, MT is valued at $508,385, well above the Montana average of $296,624. At a median household income of $96,576 in Sheridan, MT, affordability is stretched, with households needing roughly $23,889 more to comfortably afford the typical home.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

With roughly 362 households, Sheridan, MT is growing modestly at 1.1% per year.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

The housing stock in Sheridan, MT is heavily oriented toward detached single-family, which makes up 84% of units. Sheridan, MT is a strongly owner-occupied community, with 80% of households owning their home.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How does this place compare to similar communities?