Sandoval, IL—62882
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sandoval, IL
As of Oct '25, the median home price in Sandoval, IL is $84,000, with a year-over-year change of -12.8%. This indicates that home prices in Sandoval, IL are decreasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $84,000 | -12.8% |
| Single Family | $84,000 | -11.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | N/A | N/A |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sandoval, IL
Sandoval, IL lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $342 | $342 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $342 | $342 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sandoval, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Sandoval, IL is 38. 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 133.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $152,000 | 9.0% |
Listing Count | 3 | -18.0% |
| Listings as % of Homes | 0.6% | -18.0% |
Days on Market | 38 | -12.0% |
Demographics — Sandoval, IL
As of the latest ACS Survey released in 2023, Sandoval, IL has a population of 2,100, which has decreased by -12.0% over the past 5 years. Sandoval, IL is a moderately popular place for families, as children make up 22.1% of the population. The area has a poorly educated workforce, with 8.2% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,100 | -12.0% |
% Under 18 | 22.1% | -15.3% |
% Seniors | 18.0% | 21.6% |
% WFH | 6.6% | 450.0% |
% w/ College Degree | 8.2% | -20.4% |
As of the latest ACS Survey released in 2023, Sandoval, IL is a predominantly white area, with 91.6% of the population identifying as white. The white population has shrunk by 2.7% in the last 5 years. The second most common race or ethnicity in Sandoval, IL is hispanic, making up 3.3% of the population. Foreign-born residents account for 0.7% of the population in Sandoval, IL, and this percentage has increased by Inf% 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 | 91.6% | -2.7% |
% Black | 0.9% | -10.0% |
% Hispanic | 3.3% | 94.1% |
% Asian | 0.9% | ∞% |
% Foreign Born | 0.7% | ∞% |
Mortgage and Risk — Sandoval, IL
According to HUD data as of 2023, there were 17 mortgage originations in Sandoval, IL, of which 41.0% of loans were conventional mortgages. The average loan-to-value was 90.0%, with 71.0% above 90% LTV (very high). This implies large mortgage risk in Sandoval, IL. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 17 |
% Conventional Loans | 41.0% |
% Government Loans | 59.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Sandoval, IL
Sandoval, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 57 |
Total Units Section 8 | 7 |
% Rentals under Section 8 | 2.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $880 |
| 2 Bedroom | $748 | $342 | $1,090 |
| 3 Bedroom | N/A | N/A | $1,410 |
| 4 Bedroom | N/A | N/A | $1,640 |
Affordability — Sandoval, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2 |
| Median Home Price | $84,000 |
| Median Household Income | $53,100 |