The housing market in Mount Sterling, IL is a great option for those looking to buy a home. The median value of homes in the town is $107,500, significantly lower than the US median of $338,100. Despite this large difference in price, the one year appreciation rate for houses in Mount Sterling is still quite competitive at 7.86%, just slightly less than the national average of 8.27%. This makes the city a great option for anyone looking to purchase a home that will continue to grow in value over time.
The median home cost in Mount Sterling is $107,500. Home appreciation the last 10 years has been 45.4%. Home Appreciation in Mount Sterling is up 14.9%.
Average Age of Homes
- The median age of Mount Sterling real estate is 61 years old
The Rental Market in Mount Sterling
- Renters make up 27.6% of the Mount Sterling population
- 1.9% of houses and apartments in Mount 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.