The median home in Sheridan, Indiana is valued at $375,486, up 4.2% year over year. Typical monthly rent is $1,450, producing a price-to-rent ratio of 21.6x — well above the national average of 18x. Sheridan is part of the Indianapolis-Carmel-Anderson, IN metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

See the full metro analysis: Indianapolis-Carmel-Anderson, IN stress score, crash risk, and 12-month forecast →

Home Value$375,486

+4.2%

Rent$1,450/mo

AFFORDABILITY

Enter your income for Sheridan.

Income (annual)

Down Payment

$75,097 on $375,486

Out of reach — 36.8% of income

Need $98,486/yr to afford.

PITI$2,298

P/I36.8%

Afford$286K

Gap-$90K

P&I $1,899Tax $266Ins $133

Renting $848/mo cheaper ($1,450 rent)6.50% 30yr, 20% down, county tax + IN ins. 28% per HUD.

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Indiana

Compare Sheridan with other housing markets across Indiana.

Dune Acres$889K Clear Lake$747K Long Beach$720K Zionsville$661K Carmel$548K Michiana Shores$540K Ogden Dunes$467K Westfield$460K

Full Indianapolis-Carmel-Anderson, IN analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Indianapolis-Carmel-Anderson, IN metro.

View Indianapolis-Carmel-Anderson, IN metro →

SHERIDAN, IN