Sterling Metro Area, IL Housing

The housing market in the Sterling, IL Metro Area is strong and growing. The median value of homes in this area is $108,100, well below the national median value of $338,100. Although the appreciation rate of homes is slightly lower than the national average at 7.89%, it still demonstrates a healthy market with steady growth over time. With a positive outlook for housing prices in this area, now is an opportune time to invest or purchase property.

The median home cost in Sterling Metro Area is $108,100. Home appreciation the last 10 years has been 44.2%. Home Appreciation in Sterling Metro Area is up 11.9%.

Average Age of Homes

- The median age of Sterling Metro Area real estate is 54 years old

The Rental Market in Sterling Metro Area

- Renters make up 22.3% of the Sterling Metro Area population
- 1.8% of houses and apartments in Sterling Metro Area, 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
	25,872.0	139,647,020.0
	60	42
	$108,100	$338,100
	11.9%	16.6%
	37.1%	57.0%
	44.2%	101.1%
	$22.34	$10.98
	$2,449	$2,690
	66.6%	57.4%
	10.4%	11.2%
	23.0%	31.4%
Vacant Housing
	1.8%	1.9%
	0.4%	0.4%
	1.7%	0.7%
	0.3%	0.4%
	1.5%	3.6%
	4.7%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	2.8%	2.4%
	6.9%	2.8%
	16.1%	3.9%
	17.2%	4.5%
	22.3%	11.3%
	14.8%	13.0%
	11.1%	20.1%
	3.7%	13.6%
	1.4%	8.3%
	0.8%	9.7%
	0.2%	3.9%
	0.1%	2.2%
	0.1%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	5.5%	13.6%
	5.5%	13.6%
	7.8%	13.6%
	6.2%	13.2%
	16.5%	14.8%
	7.8%	13.6%
	15.9%	10.0%
	7.5%	4.7%
	25.4%	12.2%

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