High demand, high cost for Sheridan County rentals

 

SHERIDAN — Of the 200 Sheridan County rental properties managed by BHJ Property Management, four are on the market as of March 12.

Within a week or two, that number could be zero, according to BHJ property manager Cassandra Foster.

“If it’s a desirable unit, I’ll have four to six applications on it within a day or two,” Foster said. “In summer, our average vacancies are between seven and 12 days. People are ready to move in before we’ve even cleaned the units.”

BHJ’s inventory is reflective of the larger rental situation in Sheridan County, where demand far exceeds supply.Only 3.6% of the 4,224 rental units in the county were vacant as of 2019, according to the Wyoming Economic Analysis Division’s most recent profile of the county. In the state as a whole, 11.1% of rental units were vacant.

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