Sterling, CO
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Sterling Neighborhoods Since 2000




Sterling, CO Real Estate Data

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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sterling Housing Market Information

With a population of 14,104, 5,071 total housing units (homes and apartments), and a median house value of $150,880, 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 63.29% of the city's housing units. Other types of housing that are prevalent in Sterling include mobile homes or trailers ( 10.59%), large apartment complexes or high rise apartments ( 10.46%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.45%).

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 40.73% of the city's housing hails from this era. Other housing ages represented in Sterling include homes built between 1970-1999 ( 34.12%) and housing constructed before 1939 ( 19.49%). There's also some housing in Sterling built between 2000 and later ( 5.65%).

Sterling Home Appreciation Rates

Appreciation rates for homes in Sterling have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.86%, which ranks in the top 30% nationwide. This equates to an annual average Sterling house appreciation rate of 1.13%.

Over the last year, Sterling appreciation rates have trailed the rest of the nation. In the last twelve months, Sterling's appreciation rate has been 2.31%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sterling were at 0.00%, which equates to an annual appreciation rate of 0.00%.

Relative to Colorado, our data show that Sterling's latest annual appreciation rate is lower than 90% of the other cities and towns in Colorado.

Average Home Values

 

Median Home Value:
$150,880

Sterling, CO HOME PRICES

Value Range
> $1,111,000 0.6
$833,001 - $1,111,000 0.1
$555,001 - $833,000 0.9
$444,001 - $555,000 0.3
$333,001 - $444,000 3.3
$222,001 - $333,000 14.1
$111,001 - $222,000 38.9
$56,001 - $111,000 31.3
$0 - $56,000 10.4

Very Low for CO
Average for Nation

Value Relative to Nation Value Relative to State
49.5575999062463 82.5327510917031

Number Of Homes And Apartments:
5,071

Sterling Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CO*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
41.67% 2.04% 2 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$860 / per month

Homeownership Rate

Homeownership
Owners 51.80
Renters 48.20
Vacant 8.98

Housing Market Details

 

Age of Homes

AGE OF Sterling HOMES
2000 or Newer 5.7
1970 - 1999 34.1
1940 - 1969 40.7
1939 or Older 19.5

Types of Homes

TYPE OF Sterling HOMES
Single-Family 63.3
Townhomes 4.7
Small Apt. Buildings 10.4
Apt. Complexes 10.5
Mobile Homes 10.6
Other 0.5

Home Size

SIZE OF Sterling HOMES
No Bedroom 2.44
1 Bedroom 12.82
2 Bedrooms 35.25
3 Bedrooms 38.05
4 Bedrooms 9.30
5 or more bedrooms 2.14

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Zip Codes in Sterling, CO