Sheridan, IL—60551
Real Estate Data & Market Trends
Key Metrics at a Glance
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 |
2 Bed | N/A | N/A |
3 Bed | $293,000 | 5.0% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Sheridan, IL
As of Nov '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 | $572,000 | 118.0% |
Listing Count | 8 | -31.0% |
| Listings as % of Homes | 1.0% | -31.0% |
Days on Market | 23 | -20.0% |
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% |
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% |
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% |
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 |
Affordability — Sheridan, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3 |
| Median Home Price | $292,000 |
| Median Household Income | $84,900 |