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Sheridan city, OR

ZIP 97378 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 97378

Median Home Value
$341,200
Median Rent
$1,007
Affordability Snapshot
$94,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,192/mo PITI).

15%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

4.2x
Home Price-to-Income Ratio

Within the typical 3-5x range for home affordability.

28.2 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 97378 in Sheridan city, OR, a household would need roughly $94,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,192. That is about 17% above the local median household income ($80,680), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
72.4%+11% vs US avg
x
Vacancy Rate
1.4%-87% vs US avg
x
Broadband Access
85.1%-2% vs US avg
x
4+ Bedrooms
4.4%-70% vs US avg
x
Built Pre-1939
8.7%-32% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
27.3%-45% vs US avg
x
Mortgage-Free
31.8%-17% vs US avg
x
$341,200
Home Value
$1,007
Rent
1989
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached72.7%
  • 1-unit attached2.6%
  • 2-9 units7.1%
  • 10+ units8.9%
  • Mobile home & other8.6%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$341,200
Median rent$1,007
Owner-occupied72.4%
Vacant1.4%
Price-to-income4.2x
Est. income to buy$94,000