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Sterling Heights, MI—48313

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$288,000
3.5% YoY Growth
Household Income
$87,300
28.0% YoY Growth
Days on Market
46
14.0% Longer YoY
Home Price Forecast
1.6%
Median Rent
$1,700
3.7% YoY Growth
1-Bed Rent
$1,120
15.8% YoY Growth
2-Bed Rent
$1,600
1.8% YoY Growth
3-Bed Rent
$1,950
2.7% YoY Growth

Other Zip Codes in Sterling Heights, MI

483104831248314
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Sterling Heights, MI

As of Dec '25, the median home price in Sterling Heights, MI is $288,000, with a year-over-year change of 3.5%. This indicates that home prices in Sterling Heights, MI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$288,0003.5%
Single Family $299,0003.1%
Condos $209,0002.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$206,0001.5%
    3 Bed
    		$300,0002.7%
    4 Bed
    		$368,0002.8%
    5 Bed N/AN/A
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    % of Housing Stock

    Studio
    1.0%
    1 Bedroom
    12.2%
    2 Bedrooms
    20.0%
    3 Bedrooms
    50.2%
    4 Bedrooms
    14.7%
    5+ Bedrooms
    1.8%

    Rental Trends — Sterling Heights, MI

    As of July '25, Rentcast reports the average rent in Sterling Heights, MI is $1,810, with a year-over-year rent change of -3.7%. Per bedroom, the median rent as of July '25 in Sterling Heights, MI is 1-bedrooms: $1,170, 2-bedrooms: $1,610, 3-bedrooms: $2,170. The most common rental property sizes in Sterling Heights, MI are 2-bedroom and 1-bedroom, accounting for 40.9% and 40.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,700$1,810
    Studio Rent N/AN/A
    1 Bed Rent $1,120$1,170
    2 Bed Rent $1,600$1,610
    3 Bed Rent $1,950$2,170
    4 Bed Rent N/AN/A
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    % of Rental Stock

    Studio
    2.2%
    1 Bedroom
    40.7%
    2 Bedrooms
    40.9%
    3 Bedrooms
    14.8%
    4 Bedrooms
    1.4%

    Property Listings — Sterling Heights, MI

    As of Dec '25, Realtor.com reports that the median days on market for a home in Sterling Heights, MI is 46. This is a increase of 17.0% 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 25.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$277,000-5.0%
    Listing Count
    		651.0%
    Listings as % of Homes0.3%1.0%
    Days on Market
    		4614.0%
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    Demographics — Sterling Heights, MI

    As of the latest ACS Survey released in 2023, Sterling Heights, MI has a population of 33,800, which has remained stable by 0.7% over the past 5 years. Sterling Heights, MI is a moderately popular place for families, as children make up 19.0% of the population. The area has a moderately educated workforce, with 32.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		33,8000.7%
    % Under 18
    		19.0%-5.0%
    % Seniors
    		19.0%9.2%
    % WFH
    		15.2%442.9%
    % w/ College Degree
    		32.1%19.8%
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    As of the latest ACS Survey released in 2023, Sterling Heights, MI is a predominantly white area, with 84.6% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Sterling Heights, MI is black, making up 6.8% of the population. Foreign-born residents account for 17.3% of the population in Sterling Heights, MI, and this percentage has increased by 26.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		84.6%-4.2%
    % Black
    		6.8%30.8%
    % Hispanic
    		1.9%-47.2%
    % Asian
    		3.3%94.1%
    % Foreign Born
    		17.3%26.3%
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    Mortgage and Risk — Sterling Heights, MI

    According to HUD data as of 2023, there were 557 mortgage originations in Sterling Heights, MI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Sterling Heights, MI. Investor activity is low, as 2.0% of loans were by investors. 18.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		557
    % Conventional Loans
    		87.0%
    % Government Loans
    		13.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		18.0%
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    Rentals and Section 8 — Sterling Heights, MI

    Sterling Heights, MI lacks sufficient Section 8 program data for analysis.

    Section 8 Market Size

    Total Units under HUD
    		695
    Total Units Section 8
    		640
    % Rentals under Section 8
    		18.3%
    % Occupied Section 8
    		93.7%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$10$1,120$1,110
    2 Bedroom-$200$1,600$1,400
    3 Bedroom-$240$1,950$1,710
    4 BedroomN/AN/A$1,860

    Affordability — Sterling Heights, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$288,000
    Median Household Income$87,300

    Sterling Heights, MI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Sterling Heights, MI

    48312

    Sterling Heights, MI

    48314

    Clinton Township, MI

    48038

    Shelby Township, MI

    48317

    Shelby Township, MI

    48315

    Frequently Asked Questions