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These days, finding an affordable place to live in the Sheridan area can be challenging. Home prices in Sheridan are now at a median cost of $268,816, lower than the Illinois average of $300,242.
The average cost of rent is $1,164/mo in Sheridan, primarily driven by the current value of real estate in the Sheridan area. In Sheridan, 17.66% of households rent, and 37.15% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sheridan is $7,595 per month. Households that rent pay about 15.33% of their income on rent here. Sheridan’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Serena, IL: higher priced homes
- Millington, IL: higher priced homes
- Newark, IL: higher priced homes
- Somonauk, IL: equally priced homes
- Wedron, IL: equally priced homes
- Millbrook, IL: higher priced homes
- Leland, IL: less expensive homes
- Harding, IL: less expensive homes
- Sandwich, IL: equally priced homes
- Stavanger, IL: higher priced homes
Cities with Similar Populations
- Dexter, NM: less expensive homes
- Farrell, PA: less expensive homes
- Harvard, MA: higher priced homes
- Lakeview, GA: less expensive homes
- Sugarcreek, PA: less expensive homes
- Tawas City, MI: less expensive homes
- San Antonio, FL: higher priced homes
- West Burlington, IA: less expensive homes
- Preston, CT: higher priced homes
- New Plymouth, ID: higher priced homes
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