Sterling, IL Real Estate
According to census data in the year 2000 there were 6,582 housing units in Sterling.
This represents a 3.4% growth from 6,364 in 1990.
Of those housing units, 6,580 were located in either urbanized areas or urban clusters, and 2 were located in what is classified as a rural area.
Homeownership rate in Sterling is about 62.9%.
Sterling's vacancy rate, including seasonal lodging, is about 5.3%.
Average household size is 2.4 people.
The majority of houses, apartments or condos in Sterling were built after 1953.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.80% |
| One Bedroom | 14.80% |
| Two Bedrooms | 30.70% |
| Three Bedrooms | 38.40% |
| Four Bedrooms | 12.40% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.58 |
| Median year structure was built | 1951 |
| Median Value of occupied units | $70,700 |
| Median Price asked for vacant units | $55,500 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.1 |
| Median year structure was built | 1959 |
| Median Monthly Rent asked for vacant units | $411 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 6.90% |
| Home Equity Loan | 9.20% |
| Simple Mortgage | 45.50% |
| Debt Free | 38.40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.1% |
