Sterling, IL Housing

Sterling, IL is a great place to own a home. The median value of housing in Sterling is $111,400, which is significantly lower than the US median value of $338,100. Despite the lower cost of living in Sterling, the appreciation rate for housing has still been impressive; over the past year, homes have appreciated by 7.18%. This is slightly below the nationwide average of 8.27% but still shows that investing in real estate in Sterling can be a wise move.

The median home cost in Sterling is $111,400. Home appreciation the last 10 years has been 50.3%. Home Appreciation in Sterling is up 14.1%.

Average Age of Homes

- The median age of Sterling real estate is 57 years old

The Rental Market in Sterling

- Renters make up 30.5% of the Sterling population
- 1.8% of houses and apartments in Sterling, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Sterling, Illinois	United States
	7,221.0	139,647,020.0
	64	42
	$111,400	$338,100
	14.1%	16.6%
	42.4%	57.0%
	50.3%	101.1%
	$24.22	$10.98
	$2,231	$2,690
	54.8%	57.4%
	10.4%	11.2%
	34.8%	31.4%
Vacant Housing
	1.8%	1.9%
	1.1%	0.4%
	1.6%	0.7%
	0.0%	0.4%
	1.8%	3.6%
	4.1%	4.1%
Value of Owner-Occupied Housing
	1.6%	2.6%
	1.7%	2.4%
	8.4%	2.8%
	22.6%	3.9%
	24.7%	4.5%
	27.6%	11.3%
	5.1%	13.0%
	3.6%	20.1%
	3.2%	13.6%
	0.2%	8.3%
	1.3%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	2.6%	13.6%
	2.6%	13.6%
	10.4%	13.6%
	5.6%	13.2%
	13.2%	14.8%
	10.4%	13.6%
	21.5%	10.0%
	7.2%	4.7%
	27.9%	12.2%