Performance indicators for the Sheridan short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
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Top-Earners Revenue
The highest-performing listings in Sheridan.
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Generally Investor friendly
STRs are expressly allowed with clear use types and broad zoning permissions, especially tourist homes in R1–R3/AG; a Zoning Compliance Permit is required but is standard and avoids special‑exception hurdles. No caps are stated, and enforcement appears procedural rather than restrictive, though state lodging tax and building/fire safety compliance add moderate steps.
Local STR Agent
STR specialist · Sheridan, MT
Sheridan is a town in Madison County, Montana, United States named after the Civil War general Philip Sheridan. The population was 694 at the 2020 census. Sheridan is known as the "heart of the Ruby Valley." Seven mountain ranges surround the town: Tobacco Root Mountains, Highland Mountains, McCartney Mountain, The Pioneers, The Ruby Range, The Gravelly Range and the Snowcrest Range. The Ruby River winds through the valley just west of the town. Sheridan traces its beginnings to the construction of a sawmill on Mill Creek by James Gammell in 1863.