Zip 48312 (Sterling Heights, MI) Housing

Sterling Heights, MI is a great place to own a home. The median housing value in 48312 Sterling Heights, MI is $261,000, which is much lower than the US median house value of $338,100. The 1 year house appreciation rate for the US is 8.27%, and 8.00% in 48312 Sterling Heights, MI close behind. Owning a house in Sterling Heights is a great investment with its growing home values and positive appreciation rate.

The median home cost in Sterling Heights (zip 48312) is $261,000. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Sterling Heights (zip 48312) is up 11.2%.

Average Age of Homes

- The median age of Sterling Heights (zip 48312) real estate is 45 years old

The Rental Market in Sterling Heights (zip 48312)

- Renters make up 26.4% of the Sterling Heights (zip 48312) population
- 0.4% of houses and apartments in Sterling Heights (zip 48312), 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
	14,074.0	139,647,020.0
	48	42
	$261,000	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$15.16	$10.98
	$3,088	$2,690
	73.7%	57.4%
	2.8%	11.2%
	23.5%	31.4%
Vacant Housing
	0.4%	1.9%
	0.0%	0.4%
	0.9%	0.7%
	0.1%	0.4%
	0.4%	3.6%
	1.0%	4.1%
Value of Owner-Occupied Housing
	0.8%	2.6%
	0.1%	2.4%
	1.2%	2.8%
	3.1%	3.9%
	3.0%	4.5%
	8.6%	11.3%
	30.9%	13.0%
	44.8%	20.1%
	6.3%	13.6%
	0.9%	8.3%
	0.2%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.4%	13.6%
	7.4%	13.6%
	8.1%	13.6%
	12.2%	13.2%
	28.1%	14.8%
	8.1%	13.6%
	3.8%	10.0%
	0.5%	4.7%
	0.9%	12.2%

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