Median home value: $375K (+4.2% YoY). Rent: $1,450/mo. Price-to-rent: 21.6x. Part of Indianapolis-Carmel-Anderson, IN.
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, Indianapolis-Carmel-Anderson, IN metro page.
Home Value$375,486
+4.2%
Rent$1,450/mo
AFFORDABILITYRenting $750/mo cheaper ($1,450 rent)6.00% 30yr, 20% down, county tax + IN ins. 28% per HUD.
Enter your income for Sheridan.
$75,097 on $375,486
Stretch — 35.2% of income
Above 28% but manageable with cuts.
PITI$2,200
P/I35.2%
Afford$299K
Gap-$77K
P&I $1,801Tax $266Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing