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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 7,156, 2,536 total housing units (homes and apartments), and a median house value of $321,123, 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 75.08% 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 ( 9.95%), row houses and other attached homes ( 7.45%), and a few mobile homes or trailers ( 3.99%).
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 70.45% of Sandwich's homes, and 61.09% 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 ( 21.77%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.69%). There's also some housing in Sandwich built between 2000 and later ( 18.54%).
Appreciation rates for homes in Sandwich have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.48%, which ranks in the top 50% nationwide. This equates to an annual average Sandwich house appreciation rate of 6.71%.
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 9.36%, which is higher than appreciation rates in 83.34% 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 2.79%, which equates to an annual appreciation rate of 11.63%.
Relative to Illinois, our data show that Sandwich's latest annual appreciation rate is higher than 70% of the other cities and towns in Illinois.
$321,123
for Illinois
for nation
2,536
$2,286 / per month