Sheridan, Montana.
Typical home $495,806 (+3.6% in a year).
to buy the typical home at today's mortgage rate — +$1,589 (+157%) since Jan 2020.
- 1 year
- Up $17,006 +4%
- $478,800$495,806 since Sep 2025
- 5 years
- Up $93,834 +23%
- $401,972$495,806 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Sheridan$2,602
- Montana$2,453
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 17 years.
Typical home values in Sheridan, MT rose 3.6% over the past year — faster than the nation's +1.2%.
Living in Sheridan, Madison County, Montana
Sheridan is a town of 694 people in Madison County. 88% of its homes are lived in by their owners and 12% are rented. Unemployment in Madison County was 4.8% in August 2026, and the county had 0.4% fewer jobs in 2025 than the year before. The most people in Madison County work in schools and health care, then farming.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Sheridan is a small town where most people are older than in the typical American community, and nearly everyone lives in a home they own. Very few residents fall below the poverty line, and fewer adults hold a four-year degree than is common nationally. Winters are cold, with December days that stay around freezing and nights well below it, while July is pleasantly warm; the year brings little rain and melted snow in total.
Work. Many residents work in schools, hospitals and social care, with others in farming, forestry and mining, in restaurants, hotels and entertainment, or in the building trades. Few work from home. Across Madison County, some of the largest workplaces are Big Sky Resort, Madison Valley Medical Center and the Ennis K-12 Schools. Unemployment in the county has risen a little over the past year, and the number of jobs has slipped slightly.
Things to do. The Big Hole River and the Ruby River are both a short drive away, and both are rivers for fishing, floating or simply walking the banks. Farther out, a longer drive takes you to Clark's Lookout State Park, a protected area with a place to stop and take in the surroundings. Twin Lakes, also a longer drive away, offers a lake to visit when you want some time by the water.
Report a mistake
- 26%of adults have a degree
- 4%below the poverty line
- 6%work from home
What people in Madison County work in
Employed residents by industry, from the Census survey. Madison County had 2,981 jobs in 2025, 0.4% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 32° and lows near 14°; warmest in July, with highs near 80° and lows near 50°. About 13 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Laurin 2NE weather station, 8 miles away (NOAA).
Largest workplaces in Madison County
- Big Sky ResortAlpine skiing facilities with accommodations1,100
- Bozeman Health Big Sky Medical CenterHospitals, general medical and surgical94
- Madison Valley Medical CenterCritical access hospital84FTE
- Big SKY Medical CenterCritical access hospital72FTE
- Williams Plumbing and Heating- Big SkyBathroom plumbing fixture and sanitary ware installation70
- Ennis K-12 SchoolsSchool district65FTE
- Ruby Valley HospitalCritical access hospital52FTE
- HighlineResidential construction, single-family, general contractors51
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 7 workplaces with 20 or more staff, 1,569 people in all across the county; Sheridan has two of its own. Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Winter weatherVery high
- LandslidesRelatively high
- AvalanchesRelatively high
- Cold wavesRelatively high
- LightningRelatively high
- WildfireRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Sheridan’s census tracts, against the rest of the country; all of them together, very high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Madison County.
Sheridan home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Sheridan$495,806
- Montana$467,275
- United States$366,157
Sellers are cutting prices on about 1 in 5 Sheridan listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Sheridan19.85%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Sheridan27
New listings per month
Sellers arriving at the market.
- Sheridan5
Zip codes with a Sheridan address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Sheridan — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.