Sterling, VA—20164
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sterling, VA
As of Oct '25, the median home price in Sterling, VA is $583,000, with a year-over-year change of 2.1%. This indicates that home prices in Sterling, VA are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $583,000 | 2.1% |
| Single Family | $594,000 | 1.7% |
| Condos | $376,000 | 1.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $246,000 | -3.9% |
2 Bed | $379,000 | 0.8% |
3 Bed | $543,000 | 2.1% |
4 Bed | $649,000 | 1.2% |
| 5 Bed | $688,000 | 0.6% |
% of Housing Stock
Rental Trends — Sterling, VA
As of July '25, Rentcast reports the average rent in Sterling, VA is $2,740, with a year-over-year rent change of 11.4%. Per bedroom, the median rent as of July '25 in Sterling, VA is 1-bedrooms: $1,610, 2-bedrooms: $2,270, 3-bedrooms: $2,850, 4-bedrooms: $3,470. The most common rental property sizes in Sterling, VA are 3-bedroom and 2-bedroom, accounting for 29.4% and 23.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,740 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,850 | $1,610 |
| 2 Bed Rent | $2,300 | $2,270 |
| 3 Bed Rent | $2,800 | $2,850 |
| 4 Bed Rent | $3,600 | $3,470 |
% of Rental Stock
Property Listings — Sterling, VA
As of Oct '25, Realtor.com reports that the median days on market for a home in Sterling, VA is 28. This is a increase of 21.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | 5.0% |
Listing Count | 97 | 39.0% |
| Listings as % of Homes | 0.5% | 39.0% |
Days on Market | 28 | 21.0% |
Demographics — Sterling, VA
As of the latest ACS Survey released in 2023, Sterling, VA has a population of 42,700, which has increased by 3.6% over the past 5 years. Sterling, VA is a moderately popular place for families, as children make up 24.2% of the population. The area has a moderately educated workforce, with 38.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 42,700 | 3.6% |
% Under 18 | 24.2% | -1.2% |
% Seniors | 10.5% | 14.1% |
% WFH | 14.8% | 362.5% |
% w/ College Degree | 38.6% | 4.6% |
As of the latest ACS Survey released in 2023, Sterling, VA is a predominantly hispanic area, with 46.2% of the population identifying as hispanic. The hispanic population has grown by 27.3% in the last 5 years. The second most common race or ethnicity in Sterling, VA is white, making up 30.3% of the population. Foreign-born residents account for 42.8% of the population in Sterling, VA, and this percentage has increased by 16.9% 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 | 30.3% | -18.8% |
% Black | 7.0% | -18.6% |
% Hispanic | 46.2% | 27.3% |
% Asian | 13.6% | -7.5% |
% Foreign Born | 42.8% | 16.9% |
Mortgage and Risk — Sterling, VA
According to HUD data as of 2023, there were 638 mortgage originations in Sterling, VA, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 65.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Sterling, VA. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 638 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Sterling, VA
As of 2024, the percent of homes in Sterling, VA under the Section 8 program is 7.3%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Sterling, VA, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 207 |
Total Units Section 8 | 207 |
% Rentals under Section 8 | 7.3% |
% Occupied Section 8 | 80.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $420 | $1,850 | $2,270 |
| 2 Bedroom | $250 | $2,300 | $2,550 |
| 3 Bedroom | $390 | $2,800 | $3,190 |
| 4 Bedroom | $160 | $3,600 | $3,760 |
Affordability — Sterling, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.8 |
| Median Home Price | $583,000 |
| Median Household Income | $132,000 |