Sterling, VA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Sterling Neighborhoods Since 2000




Sterling, VA 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 32,354, 9,293 total housing units (homes and apartments), and a median house value of $360,277, 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 50.07% of the town's housing units. Other types of housing that are prevalent in Sterling include row houses and other attached homes ( 31.02%), large apartment complexes or high rise apartments ( 15.49%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.91%).

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 71.42% of Sterling's homes, and 63.79% 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 ( 22.09%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.01%). There's also some housing in Sterling built before 1939 ( 1.01%).

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 -1.57%, which is lower than 80% 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 1.66%, 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 -0.17%, which equates to an annual appreciation rate of -0.70%.

Relative to Virginia, our data show that Sterling's latest annual appreciation rate is higher than 50% 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:
$360,277

Sterling, VA HOME PRICES

Value Range
> $1,145,000 0.4
$859,001 - $1,145,000 0.0
$572,001 - $859,000 3.5
$458,001 - $572,000 12.0
$343,001 - $458,000 37.0
$229,001 - $343,000 32.1
$114,001 - $229,000 12.9
$57,001 - $114,000 1.7
$0 - $57,000 0.5

Very High for VA
Very High for Nation

Value Relative to Nation Value Relative to State
11.4789640220321 13.8504155124654

Number Of Homes And Apartments:
9,293

Sterling Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
VA*
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
93.07% 3.89% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,009 / per month

Homeownership Rate

Homeownership
Owners 71.42
Renters 28.58
Vacant 3.68

Housing Market Details

 

Age of Homes

AGE OF Sterling HOMES
2000 or Newer 7.0
1970 - 1999 69.9
1940 - 1969 22.1
1939 or Older 1.0

Types of Homes

TYPE OF Sterling HOMES
Single-Family 50.1
Townhomes 31.0
Small Apt. Buildings 2.9
Apt. Complexes 15.5
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Sterling HOMES
No Bedroom 0.62
1 Bedroom 5.94
2 Bedrooms 20.77
3 Bedrooms 41.76
4 Bedrooms 22.03
5 or more bedrooms 8.88