Total monthly cost of ownership
Cost to Own a Home in Sheridan, Arkansas
A $182,000 home here costs
$1,499per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $936. The real number is $564 higher every month — 60% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Sheridan against Grant County and Arkansas
| Measure | Sheridan | Grant County |
|---|---|---|
| Median home value | $182,300 | $154,500 |
| Median property tax | $949 | $840 |
| Effective tax rate | 0.521% | 0.544% |
| Median gross rent | $757 | $779 |
| Population | 5,063 | 18,111 |
The weather behind that power bill
Sheridan sits in Grant County, which averages a high of 92.0°F in its hottest month and a low of 29.2°F in its coldest, with 55.21" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 1,920 cooling and 3,255 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Grant County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Grant County
No other places of this size are published in Grant County.
Common questions
How much does it cost to own a home in Sheridan?
A $182,000 home in Sheridan, Arkansas costs approximately $1,499 per month with 20% down at 6.66%. That is $936 principal and interest, $79 property tax, $136 homeowners insurance, $197 utilities and $152 set aside for maintenance.
What is the property tax rate in Sheridan?
Sheridan has an effective property tax rate of 0.521%, based on a median home value of $182,300 and median real estate taxes of $949. That is lower than the Grant County average of 0.544%.
What is the average home price in Sheridan?
The median owner-occupied home value in Sheridan, Arkansas is $182,300, against $154,500 across Grant County.
Is it cheaper to rent or buy in Sheridan?
Median gross rent in Sheridan is $757 a month, against $1,499 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Sheridan — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Arkansas.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.