Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Sorento

Learn about the people, housing, costs and businesses in Sorento, Illinois

Median Home$132,200
Median Rent$729/month
Population410
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services13% arts, food & hospitality
Home Value Growth⬆⬆+16.3% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners90% of occupied units
NotableAffordable Market$132k median home · lower cost than 80% of the country
NotableHighly Educated24% bachelor's · 19% graduate · top 21% nationally
Sorento
IL

Frequently Asked Questions

What are today's mortgage rates in Sorento?

As of today, the 30-year fixed mortgage rate for Sorento is approximately 6.616% (6.620% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Sorento
What is the median home price in Sorento?

The median home value in Sorento is $132k. The median monthly rent is $729. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sorento?

Home values in Sorento have increased 16.3% over the past two years. This indicates a strong appreciation trend. 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 Sorento?

Based on a typical all-in ownership cost of $832/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $36k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sorento is $67k/year.

Calculate your buying power
What industries drive the economy in Sorento?

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