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Market MapNorth DakotaSheridan

Sheridan County

North DakotaPopulation: 1,338
45
/100
Hold
#681 of 1,000 counties
#36 in North Dakota (43 counties)
Analysis by RentalCalcs Research·Independent data + algorithm-driven scoring
Updated January 1, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$120,651
Median Home Price
47% below national median
$7,290/mo
Est. Rent
Based on regional data
6.04%
Rent-to-Price Ratio
Estimated from price data
+$0
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Historical data from Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score
45/100
45
Cash Flow(30%)
0/100

Rent data not available for cash flow calculation.

Appreciation(25%)
0/100

Based on -13.4% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Population data not available.

Affordability(20%)
100/100

Price-to-income ratio of 1.8x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

  • +Affordable relative to local incomes

Challenges

  • -Declining home values (-13.4% YoY)
  • -Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
  • -Limited rent data (estimates used)

Economic Indicators

Population
1,338
Median Income
$68,684
vs $54,857 national est.
Unemployment Rate
—
Data pending
Price-to-Income
1.8x
Very affordable

Who this market fits

Skip if
  • −You can't tolerate negative leverage (cap rate below mortgage rate today)
  • −You expect appreciation to carry the deal, but prices have declined year over year

Compare to Nearby Counties

CountyVerdict
NelsonND
47$142,128Est. pending—HoldView
CurrentSheridanND
45$120,651Est. pending—Hold
LamoureND
45$137,271Est. pending—HoldView
TownerND
45$118,594Est. pending—HoldView
BurkeND
45$128,086Est. pending—HoldView
WellsND
44$129,526Est. pending—AvoidView

The Bottom Line

HoldSheridan is a neutral market.

Sheridan County in North Dakota scores 45/100, ranking #681 of 1,000 US counties (top 87%). At 20% down and current rates, a median-priced rental roughly breaks even on cash flow. The deal works on appreciation or with better terms, not on month-one cash flow.

Monthly Cash Flow
+$0/mo
Cap Rate
0.0%
Cash-on-Cash
0.0%

Related markets

Cheaper alternatives to Sheridan

  • Towner County, lower entry price

Head-to-head comparisons

  • Sheridan vs Lamoure for rentals
  • Sheridan vs Towner for rentals
  • Sheridan vs Burke for rentals
All counties in North Dakota →

Rent vs buy in North Dakota cities

Rent vs buy in Fargo, NDMedian $326,439 · rent $1,161/moRent vs buy in Bismarck, NDMedian $352,675 · rent $1,307/moRent vs buy in Grand Forks, NDMedian $276,329 · rent $1,151/moRent vs buy in Minot, NDMedian $272,772 · rent $1,018/moRent vs buy in West Fargo, NDMedian $326,439 · rent $1,161/moAll North Dakota citiesFull rent-vs-buy directory for the state

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