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Commercial Foreclosure in Sterling Heights, MI

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Sterling Heights, MI 48314

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Home Value Estimator For Sterling Heights, MI

There are currently 38,669 real estate properties in Sterling Heights, MI, with a median automated valuation model (AVM) price of $237,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Sterling Heights, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Sterling Heights, MI, is $243,460.00, with the most expensive house in Sterling Heights, MI, topping out at $2,731,500.00 and the cheapest home in Sterling Heights, MI, clocking in at $41,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Sterling Heights, MI!


Rent Prices In Sterling Heights, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Sterling Heights, MI, is on a rollercoaster ride. The average rent price in Sterling Heights, MI, is $1,555.00. Indeed, when looking to rent in Sterling Heights, MI, you can expect to pay as little as $640.00 or as much as $3,120.00, with the average rent median estimated to be $1,540.00. The good news is that finding an affordable and desirable property to rent in Sterling Heights, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Foreclosure Homes in Sterling Heights, MI

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Sterling Heights, MI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Sterling Heights, MI and much more. Save thousands at closing with home foreclosure listings in Sterling Heights, MI — up to 75% off market value!


Top Reasons To Live In Sterling Heights, MI In 2021

Sterling Heights is located in Macomb, Michigan, with an estimated municipal population of 132,438 residents. All of the best foreclosed homes for sale in Sterling Heights are located in the following zip code areas on Foreclosure.com: 48310 48313 48312 48314 48311. The estimated population per square kilometer (.62 miles) in Sterling Heights is 1,403.


Cost Of Living In Sterling Heights, MI

So, about how much do homes cost in Sterling Heights? The most recent median value of resident-owned homes in Sterling Heights is 186,978. An estimated 73 percent of households in Sterling Heights own their homes, with an average family size of 3.22. The median household income in Sterling Heights is 64,833, with28.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Sterling Heights, the median commute time of resident workers (in minutes) is 26.1. And last, but certainly not least, are you looking for homes to rent in Sterling Heights? If so, the average rent price paid by renters in Sterling Heights is 1,025, according to recent statistics.


Diversity And Demographics In Sterling Heights, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Sterling Heights, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Sterling Heights is 40.6, split between 49 percent male versus 51 female. The percentage of residents who report being married in Sterling Heights is 53, with an average family size of 3.22.

The percentage of residents who report their race in Sterling Heights is as follows:

White 83.3%
Black / African American 5.9%
Asian 7.7%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.2%
Other 0.7%

Looking for family-friendly neighborhoods in and/or near Sterling Heights? Or maybe you are searching for 55+ active adult communities in and/or near Sterling Heights?

The percentage of residents who report their age in Sterling Heights is as follows:

Under 10 11.4%
Aged 10-19 10.9%
20s 14.3%
30s 12.7%
40s 12.1%
50s 14.2%
60s 12.3%
70s 7.7%
80+ 4.4%

Best Schools In Sterling Heights, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Sterling Heights with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Sterling Heights.


Pros And Cons Of Living In Sterling Heights, Michigan

How do you know that living in -- or moving to -- Sterling Heights is right where you need to be? Perhaps you grew up in Sterling Heights or already live nearby; therefore, the decision to buy a home in Sterling Heights is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Sterling Heights for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Sterling Heights:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Sterling Heights.


Reasons To Move To Sterling Heights, Michigan, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Sterling Heights can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Sterling Heights, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Sterling Heights, MI

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