Sandwich, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sandwich Neighborhoods Since 2000




Sandwich, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sandwich Housing Market Information

With a population of 7,366, 2,683 total housing units (homes and apartments), and a median house value of $185,117, Sandwich real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sandwich, accounting for 66.92% of the city's housing units. Other types of housing that are prevalent in Sandwich include duplexes, homes converted to apartments or other small apartment buildings ( 16.20%), row houses and other attached homes ( 7.38%), and a few mobile homes or trailers ( 4.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sandwich. Owner-occupied housing accounts for 65.10% of Sandwich's homes, and 61.62% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sandwich built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sandwich built before 1939 ( 24.57%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.27%). There's also some housing in Sandwich built between 2000 and later ( 16.94%).

Sandwich Home Appreciation Rates

Homes have actually lost value in Sandwich over the last then years, as home values have seen a decline of 20.26% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Sandwich home appreciation rates at 0.43%, which equates to an annual appreciation rate of 1.74%.

Appreciation rates are so strong in Sandwich that despite a nationwide downturn in the housing market, Sandwich real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Sandwich appreciation rates continue to be some of the highest in America, at 6.93%, which is higher than appreciation rates in 80.92% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Sandwich. Sandwich appreciation rates in the latest quarter were at 0.43%, which equates to an annual appreciation rate of 1.74%.

Relative to Illinois, our data show that Sandwich's latest annual appreciation rate is higher than 90% of the other cities and towns in Illinois.

Average Home Values

 

Median Home Value:
$185,117

Sandwich, IL HOME PRICES

Value Range
> $1,128,000 0.0
$846,001 - $1,128,000 0.0
$564,001 - $846,000 0.0
$451,001 - $564,000 0.7
$338,001 - $451,000 0.6
$225,001 - $338,000 24.4
$113,001 - $225,000 54.3
$56,001 - $113,000 8.6
$0 - $56,000 11.3

High for IL
High for Nation

Value Relative to Nation Value Relative to State
36.3881401617251 28.2278481012658

Number Of Homes And Apartments:
2,683

Sandwich Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
8.00% 0.45% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,277 / per month

Homeownership Rate

Homeownership
Owners 65.10
Renters 34.90
Vacant 5.69

Housing Market Details

 

Age of Homes

AGE OF Sandwich HOMES
2000 or Newer 16.9
1970 - 1999 37.2
1940 - 1969 21.3
1939 or Older 24.6

Types of Homes

TYPE OF Sandwich HOMES
Single-Family 66.9
Townhomes 7.4
Small Apt. Buildings 16.2
Apt. Complexes 4.7
Mobile Homes 4.8
Other 0.0

Home Size

SIZE OF Sandwich HOMES
No Bedroom 0.25
1 Bedroom 11.14
2 Bedrooms 23.02
3 Bedrooms 46.26
4 Bedrooms 15.36
5 or more bedrooms 3.97