Home Price Key
Affordable
Average
Expensive
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 $121,553, lower than the Illinois average of $242,002.
The average cost of rent is $768/mo in Sterling, primarily driven by the current value of real estate in the Sterling area. While nearly 46.19% of residents own their homes outright in Sterling, 32.41% rent.
Housing affordability isn’t just about home prices, though. The average household income in Sterling is $4,897 per month. Households that rent pay about 15.68% of their income on rent here. Sterling's most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Nearby Cities
- Rock Falls, IL: less expensive homes
- Galt, IL: higher priced homes
- Como, IL: higher priced homes
- Yeoward Addition, IL: higher priced homes
- Nelson, IL: higher priced homes
- Penrose, IL: higher priced homes
- Coleta, IL: less expensive homes
- Round Grove, IL: higher priced homes
- Woosung, IL: higher priced homes
- Harmon, IL: higher priced homes
Cities with Similar Populations
- Charleston, IL: higher priced homes
- Walled Lake, MI: higher priced homes
- Wade Hampton, SC: higher priced homes
- Voorhees, NJ: higher priced homes
- Vincent, CA: higher priced homes
- Chesterton, IN: higher priced homes
- Cheney, WA: higher priced homes
- Chehalis, WA: higher priced homes
- Chatham, NJ: higher priced homes
- Charlestown, MA: higher priced homes
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