The Most Affordable Neighborhoods in Sterling, IL by Home Value

These days, finding an affordable place to live in the Sterling area can be challenging. Home prices in Sterling are now at a median cost of $135,434, lower than the Illinois average of $300,242.

The average cost of rent is $1,005/mo in Sterling, primarily driven by the current value of real estate in the Sterling area. In Sterling, 28.68% of households rent, and 47.06% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Sterling is $5,874 per month. Households that rent pay about 17.10% of their income on rent here. Sterling’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southern parts of the city.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.

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