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Sterling Housing Information

IndexSterlingIllinoisNational
Median home price$83,900$174,800$184,700
Median rent asked$645$925$949
Avg. people per household2.32.62.6
Owner occupied households63.6%66.0%63.6%
Renter occupied households36.4%34.0%36.4%
Above is a snapshot look at the real estate market in Sterling, IL. In Sterling, IL, the median house price is $83,900, making the price 52% lower than that the average for Illinois. Therefore, the affordability of Sterling, IL area real estate is more affordable than the real estate in other areas of Illinois. In addition, Sterling, IL has a median rent price of $645; this price is 30% lower than that the average rental price for Illinois. 63.6% of residents in Sterling, IL are homeowners, and the average amount of people who reside in each home is 2.3. Sterling, IL has a wide array of real estate options available, ranging from cost-friendly condos to high-end luxury homes. We filter listings by number of bathrooms and bedrooms, price and area to simplify the search process for Sterling, IL real estate for sale.

Sterling Home Affordability

When looking for real estate in Sterling, IL, nothing is more important than affordability. There are several methods to calculate the affordability of a home, but perhaps the best way is the home price to median household income ratio. In Sterling, IL, the median price of a home is $83,900 and $39,885 is the median household income. This means that the home price to income ratio is 2.1x, a ratio that is 29% lower than the average in Illinois. The median home price is divided by the median home income to calculate the home affordability ratio. Homes in Sterling, IL will be more financially accessable if the ratio has a lower than average home price to home income. These are not the only aspects to look at when determining the affordability of a home. A home affordability calculator offers a much more exact overview of the true affordability of a property. Use the calculator below to better determine how much you can pay for real estate in Sterling, IL.

Nearby cities with low home prices

City, StatePopulationHome PriceNational Avg.
Deer Grove, IL39$0100%
Nelson, IL132$70,80062%
Chadwick, IL581$71,20061%
Rock Falls, IL9,104$75,50059%
Tampico, IL621$75,90059%
Sterling, IL15,071$83,90055%

Cities with similar population

City, StatePopulationHome PriceNational Avg.
Clearlake, CA15,070$84,20054%
Cherryland, CA15,066$334,50081%
Otsego, MN15,065$193,9005%
Hereford, TX15,086$85,90053%
Newton, IA15,090$98,10047%
Sterling, IL15,071$83,90055%

Source: The Sterling, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).
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