Sheffield, IL—61361
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sheffield, IL
Sheffield, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $114,000 | -0.4% |
| Single Family | $114,000 | -0.9% |
| 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 — Sheffield, IL
As of July '25, Rentcast reports the average rent in Sheffield, IL is $1,200, with a year-over-year rent change of 14.3%. Per bedroom, the median rent as of July '25 in Sheffield, IL is 3-bedrooms: $1,200. The most common rental property sizes in Sheffield, IL are 3-bedroom and 2-bedroom, accounting for 41.9% and 39.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,200 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $1,200 | $1,200 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sheffield, IL
As of Nov '25, Realtor.com reports that the median days on market for a home in Sheffield, IL is 66. This is a increase of 42.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $170,000 | 38.0% |
Listing Count | 5 | -32.0% |
| Listings as % of Homes | 1.6% | -32.0% |
Days on Market | 66 | 42.0% |
Demographics — Sheffield, IL
As of the latest ACS Survey released in 2023, Sheffield, IL has a population of 1,360, which has increased by 22.0% over the past 5 years. Sheffield, IL is a moderately popular place for families, as children make up 20.1% of the population. The area has a moderately educated workforce, with 26.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,360 | 22.0% |
% Under 18 | 20.1% | -6.5% |
% Seniors | 15.6% | -33.0% |
% WFH | 7.5% | 53.1% |
% w/ College Degree | 26.8% | 27.6% |
As of the latest ACS Survey released in 2023, Sheffield, IL is a predominantly white area, with 92.1% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Sheffield, IL is hispanic, making up 1.5% of the population. Foreign-born residents account for 0.9% of the population in Sheffield, 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 | 92.1% | -0.5% |
% Black | 0.8% | -27.3% |
% Hispanic | 1.5% | -64.3% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.9% | ∞% |
Mortgage and Risk — Sheffield, IL
According to HUD data as of 2023, there were 47 mortgage originations in Sheffield, IL, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Sheffield, IL. Investor activity is low, as 6.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 6.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 4.0% |
Rentals and Section 8 — Sheffield, IL
Sheffield, 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 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | N/A | N/A | $980 |
| 3 Bedroom | $10 | $1,200 | $1,210 |
| 4 Bedroom | N/A | N/A | $1,440 |
Affordability — Sheffield, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.1 |
| Median Home Price | $114,000 |
| Median Household Income | $92,300 |