Sandwich, IL—60548
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sandwich, IL
As of Oct '25, the median home price in Sandwich, IL is $313,000, with a year-over-year change of 7.7%. This indicates that home prices in Sandwich, IL are increasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $313,000 | 7.7% |
| Single Family | $314,000 | 7.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $214,000 | 9.2% |
3 Bed | $306,000 | 7.7% |
4 Bed | $361,000 | 5.9% |
| 5 Bed | $396,000 | 5.0% |
% of Housing Stock
Rental Trends — Sandwich, IL
As of July '25, Rentcast reports the average rent in Sandwich, IL is $1,180, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Sandwich, IL is studios: $650, 2-bedrooms: $1,080, 3-bedrooms: $1,980. The most common rental property sizes in Sandwich, IL are 2-bedroom and 3-bedroom, accounting for 44.7% and 23.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,180 |
| Studio Rent | $650 | $650 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $1,100 | $1,080 |
| 3 Bed Rent | $1,980 | $1,980 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sandwich, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Sandwich, IL is 35. This is a decrease of -12.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $382,000 | 27.0% |
Listing Count | 35 | 30.0% |
| Listings as % of Homes | 0.6% | 30.0% |
Days on Market | 35 | -12.0% |
Demographics — Sandwich, IL
As of the latest ACS Survey released in 2023, Sandwich, IL has a population of 11,200, which has decreased by -9.2% over the past 5 years. Sandwich, IL is a moderately popular place for families, as children make up 22.6% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 11,200 | -9.2% |
% Under 18 | 22.6% | -3.4% |
% Seniors | 22.4% | 46.4% |
% WFH | 8.6% | 168.7% |
% w/ College Degree | 20.8% | 16.9% |
As of the latest ACS Survey released in 2023, Sandwich, IL is a predominantly white area, with 86.7% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Sandwich, IL is hispanic, making up 10.1% of the population. Foreign-born residents account for 5.1% of the population in Sandwich, IL, and this percentage has decreased by 16.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.7% | -0.9% |
% Black | 0.8% | ∞% |
% Hispanic | 10.1% | -14.4% |
% Asian | 0.6% | 200.0% |
% Foreign Born | 5.1% | -16.4% |
Mortgage and Risk — Sandwich, IL
According to HUD data as of 2023, there were 256 mortgage originations in Sandwich, IL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Sandwich, IL. Investor activity is low, as 2.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 256 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Sandwich, IL
Sandwich, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 98 |
Total Units Section 8 | 98 |
% Rentals under Section 8 | 11.0% |
% Occupied Section 8 | 99.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,200 |
| 2 Bedroom | $470 | $1,100 | $1,570 |
| 3 Bedroom | $230 | $1,980 | $2,210 |
| 4 Bedroom | N/A | N/A | $2,410 |
Affordability — Sandwich, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $313,000 |
| Median Household Income | $83,800 |