Sterling, MA—01564
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sterling, MA
As of Oct '25, the median home price in Sterling, MA is $578,000, with a year-over-year change of 1.3%. This indicates that home prices in Sterling, MA are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $578,000 | 1.3% |
| Single Family | $594,000 | 1.2% |
| Condos | $456,000 | 4.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $450,000 | 2.7% |
3 Bed | $565,000 | 1.3% |
4 Bed | $718,000 | 1.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sterling, MA
As of July '25, Rentcast reports the average rent in Sterling, MA is $2,870, with a year-over-year rent change of 15.3%. Per bedroom, the median rent as of July '25 in Sterling, MA is 2-bedrooms: $2,950, 3-bedrooms: $2,700. The most common rental property sizes in Sterling, MA are 2-bedroom and 1-bedroom, accounting for 48.9% and 20.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,870 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,400 | $2,950 |
| 3 Bed Rent | $2,700 | $2,700 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sterling, MA
As of Oct '25, Realtor.com reports that the median days on market for a home in Sterling, MA is 39. This is a increase of 5.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $608,000 | -19.0% |
Listing Count | 15 | 48.0% |
| Listings as % of Homes | 0.4% | 48.0% |
Days on Market | 39 | 5.0% |
Demographics — Sterling, MA
As of the latest ACS Survey released in 2023, Sterling, MA has a population of 8,110, which has remained stable by 0.7% over the past 5 years. Sterling, MA is a moderately popular place for families, as children make up 20.1% of the population. The area has a highly educated workforce, with 53.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 8,110 | 0.7% |
% Under 18 | 20.1% | -10.3% |
% Seniors | 21.9% | 25.9% |
% WFH | 15.3% | 112.5% |
% w/ College Degree | 53.5% | 9.4% |
As of the latest ACS Survey released in 2023, Sterling, MA is a predominantly white area, with 89.6% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Sterling, MA is hispanic, making up 5.9% of the population. Foreign-born residents account for 6.9% of the population in Sterling, MA, and this percentage has increased by 81.6% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.6% | -3.7% |
% Black | 0.9% | 80.0% |
% Hispanic | 5.9% | 28.3% |
% Asian | 0.2% | 0.0% |
% Foreign Born | 6.9% | 81.6% |
Mortgage and Risk — Sterling, MA
According to HUD data as of 2023, there were 164 mortgage originations in Sterling, MA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Sterling, MA. Investor activity is low, as 0.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 164 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 0.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Sterling, MA
Sterling, MA lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 6 |
Total Units Section 8 | 6 |
% Rentals under Section 8 | 2.2% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,470 |
| 2 Bedroom | -$500 | $2,400 | $1,900 |
| 3 Bedroom | -$380 | $2,700 | $2,320 |
| 4 Bedroom | N/A | N/A | $2,560 |
Affordability — Sterling, MA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $578,000 |
| Median Household Income | $136,000 |