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Sailor Springs

Learn about the people, housing, costs and businesses in Sailor Springs, Illinois

Median Home$118,100
Median Rent$785/month
Population95
Leading IndustriesManufacturing · Retail · Agriculture & Mining4% manufacturing
Home Value Growth+1.1% over 2 years
Young Adults28% of residentsnear the national average
Homeowners68% of occupied units
NotableAffordable Market$118k median home · lower cost than 85% of the country
Sailor Springs
IL

Frequently Asked Questions

What are today's mortgage rates in Sailor Springs?

As of today, the 30-year fixed mortgage rate for Sailor Springs is approximately 6.994% (7.003% 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 Sailor Springs?

The median home value in Sailor Springs is $118k. The median monthly rent is $785. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sailor Springs?

Home values in Sailor Springs have increased 1.1% 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 Sailor Springs?

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 Sailor Springs is $54k/year.

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What industries drive the economy in Sailor Springs?

The largest employment sectors in Sailor Springs are public administration (26%) and retail (22%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.