Sherrard, IL 61281 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sherrard, IL—61281

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$246,000

6.7% YoY Growth

Household Income

$96,300

39.6% YoY Growth

Days on Market

10.0% Longer YoY

Home Price Forecast

1.1%

Median Rent

N/A

1-Bed Rent

N/A

2-Bed Rent

N/A

3-Bed Rent

N/A

Home Price Trends — Sherrard, IL

As of Dec '25, the median home price in Sherrard, IL is $246,000, with a year-over-year change of 6.7%. This indicates that home prices in Sherrard, IL are increasing. According to Zillow, the 1-year price projection is 1.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$246,000	6.7%
Single Family	$246,000	7.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Sherrard, IL

Sherrard, 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

Studio

37.7%

1 Bedroom

13.0%

2 Bedrooms

19.5%

3 Bedrooms

29.9%

Property Listings — Sherrard, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Sherrard, IL is 53. This is a increase of 6.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 36.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$194,000	44.0%
Listing Count	9	60.0%
Listings as % of Homes	0.5%	60.0%
Days on Market	90	10.0%

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Demographics — Sherrard, IL

As of the latest ACS Survey released in 2023, Sherrard, IL has a population of 2,610, which has increased by 9.0% over the past 5 years. Sherrard, IL is a moderately popular place for families, as children make up 19.2% of the population. The area has a poorly educated workforce, with 24.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,610	9.0%
% Under 18	19.2%	4.3%
% Seniors	17.4%	-12.6%
% WFH	5.7%	50.0%
% w/ College Degree	24.1%	-2.8%

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As of the latest ACS Survey released in 2023, Sherrard, IL is a predominantly white area, with 94.6% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Sherrard, IL is hispanic, making up 3.6% of the population. Foreign-born residents account for 1.4% of the population in Sherrard, IL, and this percentage has increased by 180.0% 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	94.6%	-1.7%
% Black	0.0%	-100.0%
% Hispanic	3.6%	1,100.0%
% Asian	0.4%	33.3%
% Foreign Born	1.4%	180.0%

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Mortgage and Risk — Sherrard, IL

According to HUD data as of 2023, there were 96 mortgage originations in Sherrard, IL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 20.0% above 90% LTV (very high). This implies large mortgage risk in Sherrard, IL. Investor activity is low, as 5.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	96
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	5.0%
% Second Loans	1.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Sherrard, IL

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

Section 8 Market Size

Total Units under HUD	2
Total Units Section 8	2
% Rentals under Section 8	2.6%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$740
2 Bedroom	N/A	N/A	$910
3 Bedroom	N/A	N/A	$1,190
4 Bedroom	N/A	N/A	$1,400

Sherrard, IL—61281

Key Metrics at a Glance

Home Price Trends — Sherrard, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sherrard, IL

% of Rental Stock

Property Listings — Sherrard, IL

Demographics — Sherrard, IL

Race and Ethnicity

Mortgage and Risk — Sherrard, IL

Mortgages

Rentals and Section 8 — Sherrard, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Sherrard, IL

Home Price to Income Ratio

Sherrard, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Matherville

Windsor, IL

Viola, IL

Milan, IL

Orion, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.1
Median Home Price	$246,000
Median Household Income	$96,300

Sherrard, IL—61281

Key Metrics at a Glance

Home Price Trends — Sherrard, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sherrard, IL

% of Rental Stock

Property Listings — Sherrard, IL

Demographics — Sherrard, IL

Race and Ethnicity

Mortgage and Risk — Sherrard, IL

Mortgages

Rentals and Section 8 — Sherrard, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Sherrard, IL

Home Price to Income Ratio

Sherrard, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Matherville

Windsor, IL

Viola, IL

Milan, IL

Orion, IL

Frequently Asked Questions

What is the average home price in Sherrard, IL 61281?

How have home prices in Sherrard, IL 61281 changed over the past year?

What is the home price projection for Sherrard, IL 61281?

What are the demographics of Sherrard, IL 61281?

How long does it take homes to sell in Sherrard, IL 61281?

What is the average rent price in Sherrard, IL 61281?