Mortgage Rates in Sheridan, Wyoming — March 2026
Updated March 2026 | Based on Sheridan market data and regional lending conditions
Sheridan is a growing city in Wyoming with a population of 18,186. The current 30-year fixed mortgage rate in Sheridan is 6.7%, which is 0.05% above the national average. With a median home price of $345,000 and a 20% down payment of $69,000, homebuyers can expect a monthly principal and interest payment of approximately $1,781.
Current Mortgage Rates in Sheridan, WY
Below are the current average mortgage rates available in the Sheridan area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Sheridan Housing Market Overview
The Sheridan housing market reflects moderate demand with prices near the national average. The median household income in Sheridan is $52,250, and the cost of living index is 93.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $83,829 to comfortably afford the median-priced home in Sheridan, which exceeds the current median household income.
Monthly Payment Breakdown for Sheridan
Based on the median home price of $345,000 with 20% down ($69,000), here is what you can expect to pay monthly in Sheridan:
15-Year vs. 30-Year Mortgage in Sheridan
Choosing a 15-year mortgage in Sheridan at 5.94% instead of a 30-year at 6.7% would save you $223,560 in total interest over the life of the loan. However, your monthly payment would be $2,320 instead of $1,781 — an increase of $539 per month.
Calculate Your Sheridan Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Sheridan
What are the current mortgage rates in Sheridan, WY?
As of March 2026, the average 30-year fixed mortgage rate in Sheridan, Wyoming is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Sheridan?
Based on the median home price of $345,000 with 20% down, the estimated monthly mortgage payment in Sheridan is $1,781 for principal and interest. Including property taxes of $175/month, the total monthly housing cost is approximately $1,956.
What income do I need to buy a home in Sheridan?
Using the 28% rule, you would need an annual income of approximately $83,829 to afford the median-priced home in Sheridan at $345,000. The median household income in Sheridan is $52,250. This means most households would need to either earn above the median or consider homes below $345,000.
Is Sheridan a good place to buy a home in 2026?
Sheridan offers a below-average cost of living with a cost of living index of 93.5 (national average = 100). The property tax rate in Wyoming is 0.61%, which is below the national average. Sheridan has a population of 18,186 and offers a very affordable lifestyle.
Mortgage Rates in Other Wyoming Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Sheridan, Wyoming area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.