Sterling, CT 06377 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Sterling, CT—06377

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$396,000

3.1% YoY Growth

Household Income

$94,100

14.1% YoY Growth

Days on Market

126.0% Longer YoY

Home Price Forecast

0.9%

Median Rent

$1,520

71.7% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$1,520

26.7% YoY Growth

3-Bed Rent

$2,600

N/A

Home Price Trends — Sterling, CT

As of May '26, the median home price in Sterling, CT is $396,000, with a year-over-year change of 3.1%. This indicates that home prices in Sterling, CT are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$396,000	3.1%
Single Family	$399,000	3.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Sterling, CT

As of July '25, Rentcast reports the average rent in Sterling, CT is $2,060, with a year-over-year rent change of 71.7%. Per bedroom, the median rent as of July '25 in Sterling, CT is 2-bedrooms: $1,520, 3-bedrooms: $2,600. The most common rental property sizes in Sterling, CT are 2-bedroom and 3-bedroom, accounting for 43.9% and 41.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,520	$2,060
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$1,520	$1,520
3 Bed Rent	$2,600	$2,600
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

14.1%

2 Bedrooms

43.9%

3 Bedrooms

41.9%

Property Listings — Sterling, CT

As of May '26, Realtor.com reports that the median days on market for a home in Sterling, CT is 12. This is a increase of 126.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$550,000	-3.0%
Listing Count	10	-56.0%
Listings as % of Homes	0.8%	-56.0%
Days on Market	12	126.0%

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Demographics — Sterling, CT

As of the latest ACS Survey released in 2023, Sterling, CT has a population of 2,900, which has remained stable by 0.2% over the past 5 years. Sterling, CT is a moderately popular place for families, as children make up 23.6% of the population. The area has a poorly educated workforce, with 15.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	2,900	0.2%
% Under 18	23.6%	3.1%
% Seniors	15.8%	47.7%
% WFH	8.6%	45.8%
% w/ College Degree	15.6%	-19.2%

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As of the latest ACS Survey released in 2023, Sterling, CT is a predominantly white area, with 83.4% of the population identifying as white. The white population has shrunk by 12.7% in the last 5 years. The second most common race or ethnicity in Sterling, CT is hispanic, making up 7.2% of the population. Foreign-born residents account for 2.9% of the population in Sterling, CT, and this percentage has increased by 625.0% 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	83.4%	-12.7%
% Black	0.7%	0.0%
% Hispanic	7.2%	132.3%
% Asian	1.7%	∞%
% Foreign Born	2.9%	625.0%

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Mortgage and Risk — Sterling, CT

According to HUD data as of 2023, there were 82 mortgage originations in Sterling, CT, of which 66.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 38.0% above 90% LTV (very high). This implies large mortgage risk in Sterling, CT. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	82
% Conventional Loans	66.0%
% Government Loans	34.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Sterling, CT

Sterling, CT lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	8
Total Units Section 8	8
% Rentals under Section 8	2.0%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$1,600
2 Bedroom	$580	$1,520	$2,100
3 Bedroom	-$30	$2,600	$2,570
4 Bedroom	N/A	N/A	$3,080

Sterling, CT—06377

Key Metrics at a Glance

Home Price Trends — Sterling, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sterling, CT

% of Rental Stock

Property Listings — Sterling, CT

Demographics — Sterling, CT

Race and Ethnicity

Mortgage and Risk — Sterling, CT

Mortgages

Rentals and Section 8 — Sterling, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Sterling, CT

Home Price to Income Ratio

Sterling, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Plainfield, CT

Oneco

Killingly, CT

Coventry, RI

Central Village

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.3
Median Home Price	$396,000
Median Household Income	$94,100

Sterling, CT—06377

Key Metrics at a Glance

Home Price Trends — Sterling, CT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Sterling, CT

% of Rental Stock

Property Listings — Sterling, CT

Demographics — Sterling, CT

Race and Ethnicity

Mortgage and Risk — Sterling, CT

Mortgages

Rentals and Section 8 — Sterling, CT

Section 8 Market Size

Section 8 Opportunity

Affordability — Sterling, CT

Home Price to Income Ratio

Sterling, CT — ZIP Code Boundary Map

Nearby ZIP Codes

Plainfield, CT

Oneco

Killingly, CT

Coventry, RI

Central Village

Frequently Asked Questions

What is the average home price in Sterling, CT 06377?

How have home prices in Sterling, CT 06377 changed over the past year?

What is the home price projection for Sterling, CT 06377?

What are the demographics of Sterling, CT 06377?

How long does it take homes to sell in Sterling, CT 06377?

What is the average rent price in Sterling, CT 06377?