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Cost of homeownership in Sheridan County, Wyoming

Real dollar cost of ownership, rent-vs-buy analysis, and flood risk, backed by Census ACS, FEMA, and FHFA data. Population: 31,176.

Median home value
$342,400
Median property tax
$1,826
Monthly owner cost
$1,775
with mortgage
Affordability (cost % of income)
18.2%

Total annual ownership cost

Breakdown of what owning a typical home in Sheridan County costs each year.

  • Property taxes$1,826
  • Insurance estimate$1,500
  • Utilities / energy$1,445
  • Maintenance (1% of value)$3,424
  • Total$8,195/yr · $683/mo

Insurance and energy figures typically vary by property. Adjust in the calculators for a personalized estimate.

Total
$8,195
/ year

Rent vs. buy in Sheridan County

Pre-filled with local median home value, median gross rent (Census ACS / HUD FMR), and current FRED rate.

Flood risk

Historical signal from FEMA National Flood Insurance Program.

MODERATE RISK
Total claims
17
Avg claim
$4,091
Active policies
32
Avg premium
$611
NFIP policy

Risk bucket is normalized as historical claims per 1,000 housing units, not raw count, so dense urban counties aren't penalized for size alone. Buckets: low (<1), moderate (1–10), high (10–50), very-high (50+). Sheridan County: 1.30 per 1,000. Historical claims do not capture uninsured properties. For parcel-level flood-zone designations, use FEMA's Map Service Center.

Full flood-risk breakdown →

Home price trend in Wyoming

FHFA House Price Index, quarterly.

vs. Wyoming average
Home value above state average.
Property tax above state average.
Homeownership
69.0%

Share of units owner-occupied (Census ACS).

Median household income
$68,898

Census ACS 5-year estimate.

Housing cost burden in Sheridan County

Share of households paying 30% or more of income on housing (HUD CHAS 2017-2021). HUD does not publish county-level CHAS rollups through the public API, so Wyoming state data is shown for local context alongside the US average.

Wyoming: 30%+ cost burdened
31.5%
165,360 households surveyed
Wyoming: severely burdened (50%+)
13.6%
Paying at least half of income on housing.
Owner vs renter burden
Owner 30%+: 30.3%
Renter 30%+: 21.6%
Renters typically carry a heavier cost burden than owners with a fixed-rate mortgage.

Affordability by income bracket

Monthly 30% housing budget at each income vs the median owner cost in Sheridan County. Bars above the dashed line can absorb this county's typical ownership cost.

HUD area median income (4-person household) for Wyoming: $98,800. Income limits define 80% AMI at $79,450 and 50% AMI at $49,650.

Frequently asked questions

How much does it cost to own a home in Sheridan County?

Based on Census ACS, typical total annual cost in Sheridan County is around $8,195 ($683 per month), covering property tax, insurance estimate, utilities, and 1% maintenance. Your actual cost varies by home age, size, and location within the county.

What is the property tax in Sheridan County?

Median annual property tax is $1,826 on the county's median home value of $342,400 (Census ACS).

Is it cheaper to rent or buy in Sheridan County?

On a monthly cash-flow basis, the typical owner-cost-with-mortgage in Sheridan County runs about 93% above the county's median rent. That comparison doesn't account for the opportunity cost on your down payment, maintenance reserve, transaction costs, or how long you plan to stay — use the calculator below to model your specific break-even year against your time horizon.

What is the flood risk in Sheridan County?

moderate historical flood-risk signal from FEMA NFIP: 17 claims (1.30 per 1,000 housing units), average claim $4,091. Bucket reflects claim density, not absolute claim count.

Data sources

Disclaimer. HomeRule is not a real estate agent, lender, appraiser, or financial advisor. This content is for educational and informational purposes only. Actual costs vary significantly by property, location, and individual circumstances. Consult qualified professionals for personalized advice.