The typical owner-occupied home in Sterling is worth about $243,800, 50% below the Utah median of $489,400 and 27% below the national median of $332,700. Owners pay a median $1,352 a year in property taxes, about 0.55% of their home's value, higher than the Utah rate of 0.52%. The median household earns $66,359 a year, so the median home costs 3.7 times the median income (5.1 times for Utah). 86% of occupied homes here are lived in by their owners, and 79% of those owners still have a mortgage.
Sterling at a glance
| Sterling | Utah | U.S. | |
|---|---|---|---|
| Median home value | $243,800 | $489,400 | $332,700 |
| Median property tax paid per year | $1,352 | $2,525 | $3,119 |
| Property tax as a share of value | 0.55% | 0.52% | 0.94% |
| Median household income | $66,359 | $95,166 | $80,734 |
| Homes lived in by their owners | 86% | 70% | 65% |
| Owner homes with a mortgage | 79% | 69% | 61% |
| Median monthly costs, owners with a mortgage | – | $2,009 | $1,963 |
| Those costs as a share of the owners' income | 19.4% | 20.5% | 21.0% |
| Median rent | $1,094 | $1,496 | $1,413 |
| Rent as a share of renters' income | 26.4% | 28.9% | 30.6% |
| Median year homes were built | 1976 | 1992 | 1980 |
| Vacant homes | 9.0% | 8.1% | 10.1% |
| Population | 281 | 3,392,331 | 334,922,499 |
What a typical home costs per month in Sterling
At this week's average 30-year rate of 7.11%, buying the median Sterling home of $243,800 with 20% down costs about $1,525 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,932, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $65,373 for the 20%-down payment. That payment is 28% of the median Sterling household income of $66,359; at that income and 20% down, the 28% guideline points to a home of about $247,000.
The median rent here is $1,094 a month, so owning the median home costs about $431 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $48,760 |
|---|---|
| Loan amount | $195,040 |
| Principal and interest | $1,312 |
| Property taxes (0.55% a year) | $112 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| PMI | $0 |
| Total per month | $1,525 |
Change the numbers in the calculator
| Down payment | $8,533 |
|---|---|
| Loan amount | $239,384 |
| Principal and interest | $1,610 |
| Property taxes (0.55% a year) | $112 |
| Homeowners insurance (our estimate, 0.5% a year) | $102 |
| FHA mortgage insurance | $108 |
| Total per month | $1,932 |
Change the numbers in the calculator
Questions about home buying in Sterling
What is the median home value in Sterling?
About $243,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Sterling?
Homeowners pay a median $1,352 a year, which is about 0.55% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Sterling?
For the median home with 20% down at 7.11%, the payment is about $1,525 a month. Keeping that under 28% of gross income takes about $65,373 a year.
More about Sterling
- Mortgage Refinance in Sterling
- Debt Relief in Sterling
- Home Equity Loans in Sterling
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data