menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Sterling, CO Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Sterling, CO Housing Market Trends

With a population of 13,102, 5,041 total housing units (homes and apartments), and a median house value of $265,380, Sterling real estate values are some of the lowest in Colorado, although compared to real estate around the nation, Sterling homes are still considered rather expensive.

Single-family detached homes are the single most common housing type in Sterling, accounting for 67.50% of the city's housing units. Other types of housing that are prevalent in Sterling include large apartment complexes or high rise apartments ( 11.65%), mobile homes or trailers ( 11.32%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.60%).

People in Sterling primarily live in small (one, two or no bedroom) single-family detached homes. Sterling has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Sterling's housing was primarily built during this period, from the '40s through the '60s. A full 38.25% of the city's housing hails from this era. Other housing ages represented in Sterling include homes built between 1970-1999 ( 29.39%) and housing constructed before 1939 ( 27.27%). There's also some housing in Sterling built between 2000 and later ( 5.09%).

Sterling Home Appreciation Rates

In the last 10 years, Sterling has experienced some of the highest home appreciation rates of any community in the nation. Sterling real estate appreciated 113.96% over the last ten years, which is an average annual home appreciation rate of 7.90%, putting Sterling in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sterling definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Sterling's appreciation rate, at 5.06%, has been at or slightly above the national average. In the latest quarter, Sterling's appreciation rate has been 2.53%, which annualizes to a rate of 10.51%.

Importantly, this makes Sterling one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Colorado, our data show that Sterling's latest annual appreciation rate is higher than 50% of the other cities and towns in Colorado.

Average Home Values

Median Home Value

$265,380

Sterling, CO Home Prices
> $1,471,000
$1,104,001 - $1,471,000
$735,001 - $1,104,000
$589,001 - $735,000
$442,001 - $589,000
$295,001 - $442,000
$147,001 - $295,000
$74,001 - $147,000
$0 - $74,000
3.1%
3.1%
0.4%
0.4%
1.6%
1.6%
2.4%
2.4%
9.2%
9.2%
27.1%
27.1%
37.7%
37.7%
11.3%
11.3%
7.4%
7.4%
0% 100.0%
% of Homes
Very Low

for Colorado

Average

for nation

Number of Homes And Apartments:

5,041

Sterling Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,545 / per month

Homeownership Rate

Owners
Renters
57.1%
57.1%
42.9%
42.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
7.7%
7.7%
92.3%
92.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.1%
5.1%
29.4%
29.4%
38.3%
38.3%
27.3%
27.3%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.5%
67.5%
3.9%
3.9%
5.6%
5.6%
11.6%
11.6%
11.3%
11.3%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.5%
3.5%
10.5%
10.5%
34.5%
34.5%
33.9%
33.9%
8.6%
8.6%
9.0%
9.0%
0% 100.0%
% of Homes

Popular Communities Near Sterling, CO

Zip Codes in Sterling, CO