Zip 48313 (Sterling Heights, MI) Housing

Sterling Heights, MI (48313) is an attractive place for housing investment. The median value of a house in 48313 is $247,000, which is significantly lower than the US median value of $338,100. Despite this difference in median value, Sterling Heights has experienced similar 1 year house appreciation as the rest of the US at 8.00%. This makes Sterling Heights an ideal location to purchase a home and benefit from potential growth in appreciation over time.

The median home cost in Sterling Heights (zip 48313) is $247,000. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Sterling Heights (zip 48313) is up 11.2%.

Average Age of Homes

- The median age of Sterling Heights (zip 48313) real estate is 41 years old

The Rental Market in Sterling Heights (zip 48313)

- Renters make up 25.9% of the Sterling Heights (zip 48313) population
- 1.4% of houses and apartments in Sterling Heights (zip 48313), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Sterling Heights, Michigan	United States
	14,361.0	139,647,020.0
	44	42
	$247,000	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$14.41	$10.98
	$2,909	$2,690
	70.6%	57.4%
	4.4%	11.2%
	24.9%	31.4%
Vacant Housing
	1.4%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.5%	0.4%
	0.0%	3.6%
	1.7%	4.1%
Value of Owner-Occupied Housing
	1.1%	2.6%
	0.7%	2.4%
	0.6%	2.8%
	1.4%	3.9%
	1.1%	4.5%
	8.4%	11.3%
	35.8%	13.0%
	41.5%	20.1%
	8.1%	13.6%
	0.8%	8.3%
	0.4%	9.7%
	0.0%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	11.0%	13.6%
	11.0%	13.6%
	9.7%	13.6%
	15.6%	13.2%
	36.1%	14.8%
	9.7%	13.6%
	6.7%	10.0%
	1.1%	4.7%
	0.6%	12.2%

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