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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, VA 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, VA Housing Market Trends

With 30,337 people, 9,659 houses or apartments, and a median cost of homes of $613,213, Sterling house prices are not only among the most expensive in Virginia, Sterling real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Sterling, accounting for 51.20% of the town's housing units. Other types of housing that are prevalent in Sterling include row houses and other attached homes ( 29.93%), large apartment complexes or high rise apartments ( 15.17%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.29%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Sterling. Owner-occupied housing accounts for 74.06% of Sterling's homes, and 62.70% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Sterling built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Sterling built between 1940-1969 ( 21.28%). A lesser amount of the housing stock also hails from between 2000 and later ( 8.26%).

Sterling Home Appreciation Rates

Sterling's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Sterling during the period has been just 5.19%, which is lower than 70% of US communities.

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 4.68%, 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 Virginia, our data show that Sterling's latest annual appreciation rate is lower than 80% of the other cities and towns in Virginia.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Sterling differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Sterling - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Sterling real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$613,213

Sterling, VA Home Prices
> $1,225,000
$919,001 - $1,225,000
$612,001 - $919,000
$490,001 - $612,000
$367,001 - $490,000
$245,001 - $367,000
$123,001 - $245,000
$61,001 - $123,000
$0 - $61,000
1.2%
1.2%
1.5%
1.5%
34.5%
34.5%
30.9%
30.9%
19.5%
19.5%
10.1%
10.1%
1.2%
1.2%
0.3%
0.3%
0.7%
0.7%
0% 100.0%
% of Homes
Very High

for Virginia

Very High

for nation

Number of Homes And Apartments:

9,659

Sterling Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,681 / per month

Homeownership Rate

Owners
Renters
74.1%
74.1%
25.9%
25.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.0%
3.0%
97.0%
97.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.3%
8.3%
69.6%
69.6%
21.3%
21.3%
0.9%
0.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
51.2%
51.2%
29.9%
29.9%
3.3%
3.3%
15.2%
15.2%
0.2%
0.2%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
7.5%
7.5%
16.6%
16.6%
38.2%
38.2%
24.5%
24.5%
12.0%
12.0%
0% 100.0%
% of Homes