Sheridan, IN Profile: Facts & Data

Sheridan, Indiana - Basic Facts

The Town of Sheridan had a population of 3,755 as of July 1, 2024.

The primary coordinate point for Sheridan is located at latitude 40.135 and longitude -86.2206 in Hamilton County. The formal boundaries for the Town of Sheridan encompass a land area of 2.14 sq. miles and a water area of 0 sq. miles. Hamilton County is in the Eastern time zone (GMT -5).

The Town of Sheridan has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Town of Sheridan is located within Township of Adams, a minor civil division (MCD) of Hamilton County.

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Sheridan, IN Data & Demographics (As of July 1, 2024)

POPULATION
Total Population	3,755 (100%)
Population in Households	3,677 (97.9%)
Population in Families	2,945 (78.4%)
Population in Group Quarters¹	78 ( 2.1%)
Population Density	1,490
Diversity Index²	23


INCOME
Median Household Income	$65,198
Average Household Income	$95,985
% of Income for Mortgage⁴	40%
Per Capita Income	$37,069
Wealth Index⁵	86
Socioeconomic Status Index⁶	Moderate (48.8)

HOUSING
Total HU (Housing Units)	1,533 (100%)
Owner Occupied HU	1,061 (69.2%)
Renter Occupied HU	388 (25.3%)
Vacant Housing Units	84 ( 5.5%)
Median Home Value	$415,509
Average Home Value	$404,995
Housing Affordability Index³	61

HOUSEHOLDS
Total Households	1,449
Average Household Size	2.54
Family Households	910
Average Family Size	3.00

HOUSING

Total HU (Housing Units)

1,533 (100%)

Owner Occupied HU

1,061 (69.2%)

Renter Occupied HU

388 (25.3%)

Vacant Housing Units

84 ( 5.5%)

Median Home Value

$415,509

Average Home Value

$404,995

Housing Affordability Index³

HOUSEHOLDS

Total Households

1,449

Average Household Size

2.54

Family Households

910

Average Family Size

3.00

NOTES

Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR	2020-2024	2024-2029
Population	4.13%	5.70%
Households	4.01%	5.49%
Families		5.83%
Median Household Income		6.02%
Per Capita Income		5.03%
Owner Occupied HU		6.84%

GROWTH RATE / YEAR

2020-2024

2024-2029

Population

4.13%

5.70%

Households

4.01%

5.49%

Families

5.83%

Median Household Income

6.02%

Per Capita Income

5.03%

Owner Occupied HU

6.84%

Sheridan, IN - Peer Comparisons by Rank and Percentile

The table below compares Sheridan to the other 976 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description	Rank	Percentile
Total Population	# 158	84th
Population Density	# 269	73rd
Median Household Income	# 584	40th
Housing Affordability Index	# 238	24th
Per Capita Income	# 396	60th
Diversity Index	# 295	70th

Variable Description

Rank

Percentile

Total Population

# 158

84th

Population Density

# 269

73rd

Median Household Income

# 584

40th

Housing Affordability Index

# 238

24th

Per Capita Income

# 396

60th

Diversity Index

# 295

70th

Indiana Census Data Comparison Tool

Sheridan, IN Profile: Facts & Data

Sheridan, Indiana - Basic Facts

Sheridan, IN Data & Demographics (As of July 1, 2024)

POPULATION

INCOME

HOUSING

HOUSEHOLDS

GROWTH RATE / YEAR

Sheridan, IN - Peer Comparisons by Rank and Percentile

Sheridan, IN - Most Popular Things to Do

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Hamilton County