Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Stonington

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

Median Home$174,200
Median Rent$822/month
Population864
Leading IndustriesConstruction · Agriculture & Mining · Retail13% construction
Home Value Growth+5.1% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners79% of occupied units
NotableTransit88/100 · excellent transit access
Stonington
IL

Frequently Asked Questions

What are today's mortgage rates in Stonington?

As of today, the 30-year fixed mortgage rate for Stonington is approximately 7.065% (7.075% 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 Stonington
What is the median home price in Stonington?

The median home value in Stonington is $174k. The median monthly rent is $822. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Stonington?

Home values in Stonington have increased 5.1% over the past two years. This represents moderate growth. 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 Stonington?

Based on a typical all-in ownership cost of $1,013/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Stonington is $74k/year.

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

The largest employment sectors in Stonington are retail (15%) and public administration (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.