Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Sterling Community Unit District 5

Learn about the people, housing, costs and businesses in Sterling Community Unit District 5, Illinois

Median Home$129,010
Median Rent$958/month
Population20,842
Leading IndustriesRetail · Finance & Insurance · Information & Media16% retail
Home Value Growth⬆⬆+13.1% over 2 years
Retirees22% of residentsslightly above average
Homeowners72% of occupied units
NotableVeteran Community9% of residents · top 15% nationally
Sterling Community Unit District 5
IL

Explore Sterling Community Unit District 5

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Sterling Community Unit District 5?

As of today, the 30-year fixed mortgage rate for Sterling Community Unit District 5 is approximately 7.357% (7.374% 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 Sterling Community Unit District 5
What is the median home price in Sterling Community Unit District 5?

The median home value in Sterling Community Unit District 5 is $129k. The median monthly rent is $958. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sterling Community Unit District 5?

Home values in Sterling Community Unit District 5 have increased 13.1% 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 Sterling Community Unit District 5?

Based on a typical all-in ownership cost of $871/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sterling Community Unit District 5 is $67k/year.

Calculate your buying power
What industries drive the economy in Sterling Community Unit District 5?

The largest employment sectors in Sterling Community Unit District 5 are public administration (25%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.