Sterling, CT—06377
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sterling, CT
As of Oct '25, the median home price in Sterling, CT is $376,000, with a year-over-year change of 2.1%. This indicates that home prices in Sterling, CT are increasing. According to Zillow, the 1-year price projection is 2.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $376,000 | 2.1% |
| Single Family | $380,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $320,000 | 0.0% |
3 Bed | $392,000 | 1.6% |
4 Bed | $448,000 | 3.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
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 |
% of Rental Stock
Property Listings — Sterling, CT
As of Oct '25, Realtor.com reports that the median days on market for a home in Sterling, CT is 70. This is a decrease of -30.0% from last year, suggesting that homes are sitting on the market shorter 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 | $427,000 | 14.0% |
Listing Count | 13 | -21.0% |
| Listings as % of Homes | 0.8% | -21.0% |
Days on Market | 70 | -30.0% |
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% |
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% |
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% |
Loan Activity
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 |
Affordability — Sterling, CT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $376,000 |
| Median Household Income | $94,100 |