Sterling, VA—20166
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 $621,000, with a year-over-year change of 1.1%. This indicates that home prices in Sterling, VA are increasing. According to Zillow, the 1-year price projection is -0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $621,000 | 1.1% |
| Single Family | $641,000 | 0.2% |
| Condos | $499,000 | 3.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $398,000 | 2.1% |
3 Bed | $587,000 | 1.2% |
4 Bed | $700,000 | 0.1% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sterling, VA
As of July '25, Rentcast reports the average rent in Sterling, VA is $3,180, with a year-over-year rent change of 1.0%. Per bedroom, the median rent as of July '25 in Sterling, VA is studios: $2,400, 1-bedrooms: $1,880, 2-bedrooms: $2,420, 3-bedrooms: $3,220, 4-bedrooms: $3,380. The most common rental property sizes in Sterling, VA are 2-bedroom and 3-bedroom, accounting for 43.8% and 22.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,100 | $3,180 |
| Studio Rent | $2,280 | $2,400 |
| 1 Bed Rent | $1,930 | $1,880 |
| 2 Bed Rent | $2,340 | $2,420 |
| 3 Bed Rent | $3,100 | $3,220 |
| 4 Bed Rent | $3,300 | $3,380 |
% 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 30. This is a increase of 100.0% 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 36.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $572,000 | -8.0% |
Listing Count | 33 | -27.0% |
| Listings as % of Homes | 0.2% | -27.0% |
Days on Market | 30 | 100.0% |
Demographics — Sterling, VA
As of the latest ACS Survey released in 2023, Sterling, VA has a population of 13,900, which has increased by 22.6% over the past 5 years. Sterling, VA is a moderately popular place for families, as children make up 23.1% of the population. The area has a highly educated workforce, with 66.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 22.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,900 | 22.6% |
% Under 18 | 23.1% | -10.5% |
% Seniors | 6.7% | 71.8% |
% WFH | 22.2% | 469.2% |
% w/ College Degree | 66.4% | 31.7% |
As of the latest ACS Survey released in 2023, Sterling, VA is a predominantly white area, with 35.5% of the population identifying as white. The white population has grown by 13.8% in the last 5 years. The second most common race or ethnicity in Sterling, VA is asian, making up 32.6% of the population. Foreign-born residents account for 41.3% of the population in Sterling, VA, and this percentage has increased by 2.5% 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 | 35.5% | 13.8% |
% Black | 10.2% | 32.5% |
% Hispanic | 16.8% | -32.8% |
% Asian | 32.6% | 2.2% |
% Foreign Born | 41.3% | 2.5% |
Mortgage and Risk — Sterling, VA
According to HUD data as of 2023, there were 258 mortgage originations in Sterling, VA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 41.0% above 90% LTV (very high). This implies large mortgage risk in Sterling, VA. Investor activity is low, as 4.0% of loans were by investors. 2.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 258 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 4.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 2.0% |
Loan Activity
Rentals and Section 8 — Sterling, VA
As of 2024, the percent of homes in Sterling, VA under the Section 8 program is 4.0%. 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 | 91 |
Total Units Section 8 | 91 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 67.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $380 | $1,930 | $2,310 |
| 2 Bedroom | $260 | $2,340 | $2,600 |
| 3 Bedroom | $150 | $3,100 | $3,250 |
| 4 Bedroom | $530 | $3,300 | $3,830 |
Affordability — Sterling, VA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.2 |
| Median Home Price | $621,000 |
| Median Household Income | $135,000 |