Cost of Living in Sheridan County, North Dakota

$373/mo
Median Monthly Rent
$107,700
Median Home Value
52% below state averageUnaffordable

At a Glance

Median Monthly Rent
$373/mo
52% below state average
Median Home Value
$107,700
62% below national
Rent-to-Income Ratio
17.0%
% of income spent on rent

Rent burden measured as median gross rent as a percentage of renter household income (Census ACS B25071)

Affordability Rating
Unaffordable
Rent over 50% of income

How Sheridan County Compares

Median monthly rent comparison

Sheridan County$373/mo
North Dakota Average$770/mo
National Median$1,163/mo

Detailed Housing Stats

$373/mo
Median Gross Rent
$107,700
Median Home Value
$543/mo
Monthly Owner Cost
17.0%
Rent-to-Income Ratio

Data Story

About Cost of Living in Sheridan County, North Dakota

Sheridan's rent deals beat national average

Sheridan County's 6.6% rent-to-income ratio is less than half the national norm, making it one of the most affordable rental markets in the country. At just $373 monthly, median rent leaves residents with far more disposable income than typical American households.

Exceptional value in rural North Dakota

Sheridan County ranks as one of North Dakota's most affordable counties, with a rent-to-income ratio of 6.6% compared to the state average of 12.8%. This rural gem's $373 median rent is half the state average of $770, making it a haven for cost-conscious renters.

Unbeatable rents in the region

Sheridan's $373 rent dramatically undercuts nearby Sargent County ($835) and Slope County ($719), though median income here ($67,361) also trails these wealthier neighbors. Home prices reflect the rural character, with median values at just $107,700—the lowest among comparable counties.

Rent leaves room for savings

At $373 monthly, rent consumes only 6.6% of median household income, compared to 12.5% for homeowners paying $543 in monthly costs. This efficiency means Sheridan County residents pocket substantially more of their earnings than peers elsewhere in the state.

Remote workers: consider Sheridan seriously

If housing affordability is your priority, Sheridan County offers unmatched value at less than half the state's median rent. Bring remote income, and you'll experience genuine financial breathing room in one of North Dakota's most economical counties.

Affordability Calculator

See how your income compares to housing costs in Sheridan County

$

Rent Burden

6.6%

of gross income

Max Housing (28% Rule)

$1,572

per month

Owner Cost Burden

9.7%

of gross income

You can likely afford the median home in Sheridan County

Median home value is $107,700. Estimated monthly cost: $860 vs. your max of $1,572.

Rent Affordability Guide

Your rent-to-income ratio6.6%
Recommended max30.0%

Frequently Asked Questions

What is the cost of living in Sheridan County, North Dakota?
Sheridan County, North Dakota has a median monthly rent of $373/mo and a median home value of $107,700. The affordability rating is Unaffordable, with rent making up approximately 17.0% of median household income.
What is the median rent in Sheridan County?
The median gross rent in Sheridan County is $373/mo. This is 52% below state average for North Dakota.
Is Sheridan County affordable?
Sheridan County is rated Unaffordable based on rent-to-income ratio of 17.0%. Spending over 50% of income on rent is generally considered unaffordable.
How does Sheridan County's rent compare to the state average?
Sheridan County's median rent of $373/mo is 52% below state average of $770/mo for North Dakota.
What is the median home value in Sheridan County?
The median home value in Sheridan County, North Dakota is $107,700. This is 62% below the national median home value of $281,900.
Sponsored

Planning a Move?

Researching the cost of living in Sheridan County, North Dakota? Compare moving quotes from top providers and save on your relocation.

Compare Moving Quotes

Counties with Similar Housing Costs

Sponsored

Compare Mortgage Rates in Sheridan County

Whether you're buying your first home or refinancing, compare rates from top lenders to find the best deal.

See Today's Rates

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.