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Mount Sterling

Learn about the people, housing, costs and businesses in Mount Sterling, Illinois

Median Home$137,692
Median Rent$607/month
Population2,075
Leading IndustriesTransportation · Manufacturing · Public Administration17% transportation
Home Value Growth+0.1% over 2 years
Young Adults38% of residentstop 4% nationally
Homeowners55% of occupied units
NotableAffordable Market$138k median home · lower cost than 78% of the country
Mount Sterling
IL

Frequently Asked Questions

What are today's mortgage rates in Mount Sterling?

As of today, the 30-year fixed mortgage rate for Mount Sterling is approximately 7.304% (7.320% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Mount Sterling?

The median home value in Mount Sterling is $138k. The median monthly rent is $607. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Mount Sterling?

Home values in Mount Sterling have increased 0.1% over the past two years. The market has been relatively stable. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Mount Sterling?

Based on a typical all-in ownership cost of $820/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Mount Sterling is $62k/year.

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What industries drive the economy in Mount Sterling?

The largest employment sectors in Mount Sterling are public administration (26%) and transportation (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.