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Sheridan, MI
Full City Profile · Michigan · Montcalm County County
3.4
/5.0
B
Good
816
Population
742/sq mi density
$56,786
Median Income
$28,515 per capita
$140,600
Home Value
$283,118 Zillow
$777
Median Rent
42.5% income on rent
47°F
Avg Temperature
260 sunny days/yr
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$56,786 median income, 1.5% unemployment
A+
Affordability
5.0 / 5.0
$140,600 home value, $777/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C
Education
2.2 / 5.0
14.7% bachelor's degree or higher
Housing Overview
Median Home Value
$140,600
50% below
US avg: $281,900
Median Rent
$777/mo
33% below
US avg: $1,163/mo
Homeownership Rate
85.9%
31% above US avg (65.4%)
Total Housing Units
375
Median year built: 1959
Home Value by Source
Census Median
$140,600
Zillow (ZHVI)
$283,118
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
85.9%
Owner-Occupied
14.1%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$777/mo
Affordability & Housing Stock
Rent Burden
42.5%
of renters spending 30%+ of income on housing
37% above US avg (31.0%)
Median Year Built
1959
Average age of housing stock: 67 years
Homeownership Rate
85.9%
Complete Housing Data
Home Values
| Census Median Value | $140,600 |
| Zillow Home Value (ZHVI) | $283,118 |
Rent
| Census Median Rent | $777 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
Ownership & Stock
| Owner-Occupied | 85.9% |
| Renter-Occupied | 14.1% |
| Homeownership Rate | 85.9% |
| Total Housing Units | 375 |
| Median Year Built | 1959 |
| Rent Burden | 42.5% |