Sheridan, CO Profile: Facts & Data

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Sheridan, Colorado - Basic Facts

The City of Sheridan had a population of 5,855 as of July 1, 2023. Sheridan ranks in the upper quartile for Population Density and Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Colorado. See peer rankings below.

The primary coordinate point for Sheridan is located at latitude 39.6469 and longitude -105.0253 in Arapahoe County. The formal boundaries for the City of Sheridan encompass a land area of 2.22 sq. miles and a water area of 0.07 sq. miles. Arapahoe County is in the Mountain time zone (GMT -7).

The City 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.

Colorado is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Sheridan is located within Southwest Arapahoe Division of Arapahoe County.


Jump to... (On This Page!)
  1. Sheridan 2023 Demographic Data
  2. Growth Rates for Sheridan (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Colorado Research Tools (Easy Tools & Current Data)
  3. Colorado Data Comparison Tool - 2023 Demographics
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Sheridan, CO Data & Demographics (As of July 1, 2023)

POPULATION

Total Population 5,855 (100%)
Population in Households 5,855 (100.0%)
Population in Families 4,398 (75.1%)
Population in Group Quarters1 0
Population Density 2,631
Diversity Index2 81
 
 

INCOME

Median Household Income $48,082
Average Household Income $67,573
% of Income for Mortgage4 41%
Per Capita Income $28,749
Wealth Index5 44
Socioeconomic Status Index6 Low (42.0)
 

HOUSING

Total HU (Housing Units) 2,676 (100%)
Owner Occupied HU 1,437 (53.7%)
Renter Occupied HU 1,054 (39.4%)
Vacant Housing Units 185 ( 6.9%)
Median Home Value $329,625
Average Home Value $324,287
Housing Affordability Index3 64
 

HOUSEHOLDS

Total Households 2,491
Average Household Size 2.35
Family Households 1,434
Average Family Size 3.00
NOTES
  1. 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.
  2. 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.
  3. 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.
  4. 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).
  5. 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.
  6. 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

2020-2023 2023-2028
Population -1.28% 0.10%
Households 0.27% 0.20%
Families   0.22%
Median Household Income   2.93%
Per Capita Income   3.81%
Owner Occupied HU   0.82%

Sheridan, CO - Peer Comparisons by Rank and Percentile

The table below compares Sheridan to the other 482 incorporated cities, towns and CDPs in Colorado by rank and percentile using July 1, 2023 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 # 109 78th
Population Density # 50 90th
Median Household Income # 418 13th
Housing Affordability Index # 202 42nd
Per Capita Income # 419 13th
Diversity Index # 17 97th

Additional comparisons and rankings can be made with a VERY EASY TO USE Colorado Census Data Comparison Tool.

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