Home Insurance in Sheridan, Montana
The median home value in Sheridan is $318,400, 32% lower than the Madison County median.
The typical home in Sheridan was built around 1973. About 40% of homes were built before 1960, about 24 points above Madison County's 16%. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them.
In Sheridan, the housing stock is 84% single-family homes and 12% mobile or manufactured homes. Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy.
In Sheridan, about 42% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
Sheridan has an owner-occupancy rate of 88% and a vacancy rate of 8%; unoccupied homes typically need a different coverage form.
In Sheridan, 66% of homes are primarily heated with natural gas. Homes heated with wood can carry added fire risk. Fuel-tank leaks and spills are often excluded from standard homeowners policies.
Madison County had 51 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is wildfire (Relatively Low). See the full Madison County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Montana is $1,768 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $318,400 |
|---|---|
| Median year built | 1973 |
| Owner-occupied share | 88% |
| Share of owner-occupied homes with a mortgage | 42% |
| Top county hazard | Wildfire (Relatively Low) |
| Active NFIP policies in Madison County | 51 |
| Home insurance premium | $1,768 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)