Sheridan, IL 60551 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sheridan, IL—60551

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$292,000

4.9% YoY Growth

Household Income

$84,900

23.5% YoY Growth

Days on Market

48

21.0% Shorter YoY

Home Price Forecast

N/A

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Sheridan, IL

Sheridan, IL lacks sufficient home price data for analysis.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$292,000	4.9%
Single Family	$292,000	4.7%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

Rental Trends — Sheridan, IL

Sheridan, IL lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	N/A	N/A
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	N/A	N/A
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

19.3%

2 Bedrooms

37.9%

3 Bedrooms

23.0%

4 Bedrooms

19.0%

5+ Bedrooms

0.7%

Property Listings — Sheridan, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Sheridan, IL is 23. This is a decrease of -20.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$760,000	83.0%
Listing Count	11	-36.0%
Listings as % of Homes	1.0%	-36.0%
Days on Market	48	-21.0%

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Demographics — Sheridan, IL

As of the latest ACS Survey released in 2023, Sheridan, IL has a population of 4,980, which has decreased by -9.4% over the past 5 years. Sheridan, IL is a less popular place for families, as children make up 12.4% of the population. The area has a poorly educated workforce, with 14.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	4,980	-9.4%
% Under 18	12.4%	-1.6%
% Seniors	13.1%	4.8%
% WFH	4.0%	-46.7%
% w/ College Degree	14.8%	62.6%

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As of the latest ACS Survey released in 2023, Sheridan, IL is a predominantly white area, with 69.2% of the population identifying as white. The white population has shrunk by 4.6% in the last 5 years. The second most common race or ethnicity in Sheridan, IL is black, making up 20.1% of the population. Foreign-born residents account for 2.2% of the population in Sheridan, IL, and this percentage has increased by 69.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	69.2%	-4.6%
% Black	20.1%	1.5%
% Hispanic	7.0%	14.8%
% Asian	1.9%	850.0%
% Foreign Born	2.2%	69.2%

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Mortgage and Risk — Sheridan, IL

According to HUD data as of 2023, there were 86 mortgage originations in Sheridan, IL, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Sheridan, IL. Investor activity is low, as 5.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	86
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	5.0%
% Second Loans	10.0%
% Cash Out Refinance	10.0%

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Rentals and Section 8 — Sheridan, IL

Sheridan, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	N/A
Total Units Section 8	N/A
% Rentals under Section 8	0.4%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,200
2 Bedroom	N/A	N/A	$1,570
3 Bedroom	N/A	N/A	$2,210
4 Bedroom	N/A	N/A	$2,310

Sheridan, IL—60551

Key Metrics at a Glance

Home Price Trends — Sheridan, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sheridan, IL

% of Rental Stock

Property Listings — Sheridan, IL

Demographics — Sheridan, IL

Race and Ethnicity

Mortgage and Risk — Sheridan, IL

Mortgages

Rentals and Section 8 — Sheridan, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Sheridan, IL

Home Price to Income Ratio

Sheridan, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Serena, IL

Millington

Wedron

Leland, IL

Sandwich, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3
Median Home Price	$292,000
Median Household Income	$84,900

Sheridan, IL—60551

Key Metrics at a Glance

Home Price Trends — Sheridan, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sheridan, IL

% of Rental Stock

Property Listings — Sheridan, IL

Demographics — Sheridan, IL

Race and Ethnicity

Mortgage and Risk — Sheridan, IL

Mortgages

Rentals and Section 8 — Sheridan, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Sheridan, IL

Home Price to Income Ratio

Sheridan, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Serena, IL

Millington

Wedron

Leland, IL

Sandwich, IL

Frequently Asked Questions

What is the average home price in Sheridan, IL 60551?

How have home prices in Sheridan, IL 60551 changed over the past year?

What is the home price projection for Sheridan, IL 60551?

What are the demographics of Sheridan, IL 60551?

How long does it take homes to sell in Sheridan, IL 60551?

What is the average rent price in Sheridan, IL 60551?