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Steeleville

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

Median Home$122,000
Median Rent$727/month
Population2,052
Leading IndustriesRetail · Manufacturing20% retail
Home Value Growth+0.5% over 2 years
Retirees23% of residentsslightly above average
Homeowners69% of occupied units
NotableAffordable Market$122k median home · lower cost than 84% of the country
Steeleville
IL

Frequently Asked Questions

What are today's mortgage rates in Steeleville?

As of today, the 30-year fixed mortgage rate for Steeleville is approximately 7.625% (7.723% 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 Steeleville?

The median home value in Steeleville is $122k. The median monthly rent is $727. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Steeleville?

Home values in Steeleville have increased 0.5% 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 Steeleville?

Based on a typical all-in ownership cost of $693/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Steeleville is $62k/year.

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What industries drive the economy in Steeleville?

The largest employment sectors in Steeleville are public administration (22%) and retail (20%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.