Safe Rate Local
Learn about the people, housing, costs and businesses in Sheridan, Illinois
Real local data across mortgage, insurance, natural hazard, and place.
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Sheridan.
True all-in cost — P&I, taxes, insurance & utilities for homes in Sheridan.
Find and compare lenders active near Sheridan.
FEMA flood zones and flood insurance estimates for Sheridan.
Seismic risk and earthquake insurance estimates for Sheridan.
Wildfire exposure and insurance estimates for Sheridan.
As of today, the 30-year fixed mortgage rate for Sheridan is approximately 6.984% (6.993% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for SheridanThe median home value in Sheridan is $249k. The median monthly rent is $1,079. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Sheridan have increased 9.3% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $1,293/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $55k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sheridan is $95k/year.
Calculate your buying powerThe largest employment sectors in Sheridan are public administration (25%) and retail (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.