Rent to own Homes in Sheridan, WY
Set in a picturesque valley that practically screams Old West, Sheridan is part frontier outpost, part tourist destination, and part small town Americana. Home to just over 17,500 people, it is the seat of Sheridan County and the commercial center of the area. Founded in 1882, it's named after a Civil War general. The climate is semi-arid with distinct seasons. Here, wide-open spaces and beautiful scenery meet western hospitality and colorful history.
Sheridan, WY is a great place for affordable rent-to-own homes! With a median household income of over $52,167 and a median rent of $840, the Sheridan, WY rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Sheridan, WY. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Sheridan, WY
Neighborhoods in Sheridan, WY
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Sheridan, WY is seeing rapid growth and Sheridan, WY's' housing market remains not optimal with an average home price that is 8% above the 2024 national average. Sheridan, WY is part of Sheridan county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Sheridan is 0.6% which is below the national average, which is 0.99%.
Median Home Price in Sheridan, WY
Median Rent in Sheridan, WY
6 Reasons to Love Living in Sheridan, WY
Historic Main Street! Main Street, along with 46 structures, is listed on the National Register of Historic Places. Most of the brick and stone buildings were built between 1910 and 1920. Specialty cowboy shops, the historic Sheridan Inn, and interesting boutiques and galleries invite your exploration.
Nice home values! Sheridan median home prices are higher than much of the state. The market is steady and growing, meaning rent to own opportunities are likely to be sound investments. In the city itself, the median list price in late 2014 stood at $340,771. In the zip code immediately to the west, it was $1,832,500. Some of the more affordable homes are along Soldier Creek where it winds through town or east of Kendrick Park. There are nice areas east of Sheridan Cemetery as well.
Bighorn Mountains! Framing Sheridan's western and southern vistas with stark mountain peaks, the Bighorn Mountains are wilderness epitomized. Find incredible hiking, fishing, mountain biking, winter sports and more. The Bighorn National Forest starts about 10 minutes out-of-town. Drive by farms and ranches strung along drainages, like Soldier Creek Road.
Kendrick Park! Kendrick Park features a pool with water slide, famous ice cream, and play areas that make it everything a small town park should be. Plus, there are buffalo and elk roaming the grounds. Washington Acres Park, Rotary Park and Hume Draw Park are other neighborhood green spaces.
Old West flavor! With past honors like being voted the #1 Western Town, King of Cowboy Towns, and Top Town for Outdoorsmen, this place lives and breathes western. Visit King's Saddlery and Museum or Trail End Historic Site to see for yourself. Afterward, grab a cool one at the Blacktooth Brewing Company.
Wide choice of available properties! The vacancy rate here typically runs a few percentage points above the national average. While part of that is because of seasonal factors, it also indicates a market favorable to those looking to buy. Choose from authentic log cabins on grassland on the edge of town or historic homes on streets near the Big Goose Creek neighborhood. The community near Thorne-Rider Park also has a nice variety.