Real Estate Investing in Sheridan, Wyoming

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

3 ZIP codes • Population: 27,795 • Sheridan County

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Should you buy in Sheridan, WY? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (54/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 10.5% vacancy may signal weakening demand.

What’s happening in Sheridan, WY?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $509,299
Avg Monthly Rent $1,166
ZIP Codes 3

Investing in Sheridan Real Estate

Sheridan (Wyoming) spans 3 ZIPs and roughly a sizable population. decisively the fundamentals here skew distressed, with soft rents, soft appreciation, and structural headwinds worth respecting.

Sheridan is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. unambiguously out-of-state investors should be especially careful with the assumptions they carry in.

Transaction volume in Sheridan has thinned in a way that amplifies price discovery risk. From a cash-flow lens, investors without local context should treat every number on the page with skepticism.

Distressed-leaning demographics in Sheridan — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

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Best ZIP codes in Sheridan, WY

Sheridan is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Sheridan, WY. Anonymous, moderated, never written by AI.

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Avg Home Value
$509,299
Avg Monthly Rent
$1,166
1% Rule
✗ Below
Landlord Friendly (WY)

📉 Market Crash Risk Index

Based on Sheridan, WY metro

0/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
0/3
0%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Sheridan, WY metro
0
Days to pending
4.5%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

🎓 Colleges & Universities in Sheridan

1 College 3,298 Students 857 Off-Campus Renters
C+
Northern Wyoming Community College District
2-Year Public · 3,298 students
📍 ~857 students rent off-campus

Investor Insight: With 857 students living off-campus, Sheridan has substantial rental demand from the college population — typically stable, lease-renewing tenants.

ZIP Codes in Sheridan, WY

Screen every ZIP in Sheridan

Filter Sheridan’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Sheridan, WY

What do rentals go for in Sheridan, WY?

Rents in Sheridan, WY run near $1,166/mo. Compared with median home prices of $509K that produces solid gross yields for typical rentals.

What is the typical renter like in Sheridan, WY?

Tenant demand in Sheridan, WY is solid. The local workforce $1,166/mo rents across most rental classes.

Is Sheridan, WY a good market for buy-and-hold investors?

Sheridan, WY rates 3.0/5 for investability. With median values at $509K and rents near $1,166/mo, the market offers reasonable fundamentals for rental investors.

Is Sheridan, WY a good market for FHA house hackers?

The house hack math a challenging in Sheridan, WY. Owner-occupant buyers benefit from the $1,166/mo rents and $509K home values.

Should investors worry about vacancy in Sheridan, WY?

Vacancy risk in Sheridan, WY is elevated. That supports stable cash flow for typical rental holds.

Community Ratings

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