Quick facts: Sheridan, AR

Quick Facts

92.7
Cost of Living
below US average
5,103
Population
8.03
Crime Rate per 1000
below US average
$55,520
Median Income
below US average
$169,000
Median House Price
above US average
$1250.0
Average Rent
below US average
12%
Poverty Rate
above US average
4.5%
Unemployment Rate
above US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $55,520.

🏠

Income Needed to Buy

βœ“ Affordable
$53k/year
Based on $169,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
πŸ“Š Median income ($55,520) exceeds requirement
🏒

Income Needed to Rent

βœ“ Affordable
$54k/year
Based on $1250.0/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($55,520) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Sheridan, AR

Sheridan, Arkansas, is a charming city located in Grant County, situated in the southern part of the state. With a population of approximately 4,500 residents, Sheridan is known for its friendly community atmosphere and small-town charm. The city boasts a rich history, with roots dating back to the late 19th century, making it a place where history and modern living blend seamlessly. Surrounded by picturesque landscapes, Sheridan offers outdoor enthusiasts ample opportunities for recreation with nearby parks, lakes, and nature trails. The city promotes a family-friendly environment, featuring local schools, community events, and festivals that bring residents together throughout the year. An essential part of the local culture, Sheridan is also home to various shops, restaurants, and services that cater to the needs of the community. The city's location along major highways provides easy access to neighboring towns and cities, enhancing its appeal as a peaceful residential area while remaining connected to larger urban amenities. Overall, Sheridan is a perfect blend of tranquility and community spirit.

πŸ” Search & Compare Places

First Location πŸ“