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Steger

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

Median Home$159,874
Median Rent$1,080/month
Population9,456
Leading IndustriesWholesale Trade · Construction · Agriculture & Mining19% wholesale trade
Home Value Growth⬆⬆+13.8% over 2 years
Young Adults30% of residentsabove average nationally
Homeowners65% of occupied units
Steger
IL

Frequently Asked Questions

What are today's mortgage rates in Steger?

As of today, the 30-year fixed mortgage rate for Steger is approximately 6.954% (6.962% 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 Steger?

The median home value in Steger is $160k. The median monthly rent is $1,080. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Steger?

Home values in Steger have increased 13.8% 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 Steger?

Based on a typical all-in ownership cost of $1,165/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $50k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Steger is $67k/year.

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What industries drive the economy in Steger?

The largest employment sectors in Steger are wholesale trade (19%) and public administration (19%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.