Sheridan County, MT real estate

What the numbers say

Sheridan County, MT real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

Homeowners in Sheridan County pay a median of $1,521 a year in property taxes on a median home value of $124,000, an effective rate of about 1.23%. The Montana average is 0.72%, which makes Sheridan County the #54 lowest-tax of 56 counties in the state with published tax data.

Renters pay a median of $746 a month, and $712 for a two-bedroom. At today's prices a typical home costs about 14 times a year's rent, which generally favors buying.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $124,000 home here comes to about $854 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $37,000 a year (the median household here earns $70,147).