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These days, finding an affordable place to live in the Sterling area can be challenging. Home prices in Sterling are now at a median cost of $290,476, lower than the Connecticut average of $418,901.
The average cost of rent is $1,734/mo in Sterling, primarily driven by the current value of real estate in the Sterling area. In Sterling, 18.19% of households rent, and 28.55% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Sterling is $8,628 per month. Households that rent pay about 20.10% of their income on rent here. Sterling’s most expensive areas are in the southern regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Moosup, CT: equally priced homes
- Oneco, CT: equally priced homes
- Vaughn Hollow, RI: higher priced homes
- South Killingly, CT: equally priced homes
- Central Village, CT: less expensive homes
- Wauregan, CT: equally priced homes
- Greene, RI: higher priced homes
- East Brooklyn, CT: equally priced homes
- Danielson, CT: less expensive homes
- Plainfield, CT: less expensive homes
Cities with Similar Populations
- Pequea, PA: equally priced homes
- Hudson, IN: less expensive homes
- Andrews, IN: less expensive homes
- La Fontaine, IN: less expensive homes
- Lake Lotawana, MO: higher priced homes
- Logan, AL: less expensive homes
- Louisville, IL: less expensive homes
- Madbury, NH: higher priced homes
- Martin, MI: less expensive homes
- Mentmore, NM: less expensive homes
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