Sterling, MI—48659
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Sterling, MI
Sterling, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $156,000 | 4.4% |
| Single Family | $156,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $193,000 | 1.6% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Sterling, MI
Sterling, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Sterling, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Sterling, MI is 67. This is a increase of 13.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $260,000 | 22.0% |
Listing Count | 9 | 200.0% |
| Listings as % of Homes | 0.4% | 200.0% |
Days on Market | 67 | 13.0% |
Demographics — Sterling, MI
As of the latest ACS Survey released in 2023, Sterling, MI has a population of 2,740, which has increased by 1.1% over the past 5 years. Sterling, MI is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 11.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,740 | 1.1% |
% Under 18 | 24.5% | 2.5% |
% Seniors | 16.6% | -2.9% |
% WFH | 6.3% | 117.2% |
% w/ College Degree | 11.6% | 24.7% |
As of the latest ACS Survey released in 2023, Sterling, MI is a predominantly white area, with 95.7% of the population identifying as white. The white population has shrunk by 2.1% in the last 5 years. The second most common race or ethnicity in Sterling, MI is black, making up 0.3% of the population. Foreign-born residents account for 0.2% of the population in Sterling, MI, and this percentage has decreased by 60.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 95.7% | -2.1% |
% Black | 0.3% | 200.0% |
% Hispanic | 0.2% | -81.8% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.2% | -60.0% |
Mortgage and Risk — Sterling, MI
According to HUD data as of 2023, there were 44 mortgage originations in Sterling, MI, of which 82.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Sterling, MI. Investor activity is low, as 0.0% of loans were by investors. 30.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 44 |
% Conventional Loans | 82.0% |
% Government Loans | 18.0% |
% Investor Loans | 0.0% |
% Second Loans | 18.0% |
% Cash Out Refinance | 30.0% |
Loan Activity
Rentals and Section 8 — Sterling, MI
Sterling, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $770 |
| 2 Bedroom | N/A | N/A | $1,010 |
| 3 Bedroom | N/A | N/A | $1,390 |
| 4 Bedroom | N/A | N/A | $1,400 |
Affordability — Sterling, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.4 |
| Median Home Price | $156,000 |
| Median Household Income | $58,000 |