Mortgage Rates in Sheridan, Colorado — April 2026
Updated April 2026 | Based on Sheridan market data and regional lending conditions
Sheridan is a smaller Colorado community of 22,244 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.7% (0.05% above the national average). The median home price of $450,000 translates to roughly $2,571/month with 20% down — requiring an income of about $110,186, which exceeds the local median of $73,500.
Current Mortgage Rates in Sheridan, CO
Below are the current average mortgage rates available in the Sheridan area as of April 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 | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Sheridan Housing Market Overview
Housing in Sheridan sits near the national average at $450,000. With a median household income of $73,500 and a cost of living index of 98.8, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Sheridan
Based on the median home price of $450,000 with 20% down ($90,000), 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 5.95% instead of a 30-year at 6.7% would save you $291,240 in total interest over the life of the loan. However, your monthly payment would be $3,028 instead of $2,323 — an increase of $705 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, CO?
As of April 2026, the average 30-year fixed mortgage rate in Sheridan, Colorado is 6.7%, while the 15-year fixed rate is 5.95%. FHA loans average 6.48% and VA loans 6.23%. 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 $450,000 with 20% down, the estimated monthly mortgage payment in Sheridan is $2,323 for principal and interest. Including property taxes of $248/month, the total monthly housing cost is approximately $2,571.
What income do I need to buy a home in Sheridan?
Using the 28% rule, you would need an annual income of approximately $110,186 to afford the median-priced home in Sheridan at $450,000. The median household income in Sheridan is $73,500. This means most households would need to either earn above the median or consider homes below $450,000.
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 98.8 (national average = 100). The property tax rate in Colorado is 0.66%, which is below the national average. Sheridan has a population of 22,244 and offers a balanced lifestyle.
Mortgage Rates in Other Colorado Cities
Related Tools & Guides
Last updated: April 2026. Rates are approximate averages based on regional lending data for the Sheridan, Colorado area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.