Sterling Heights, MI Real Estate
According to census data in the year 2000 there were 47,547 housing units in Sterling Heights.
This represents a 12.4% growth from 42,317 in 1990.
Of those housing units, 47,547 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.
Homeownership rate in Sterling Heights is about 79%.
Sterling Heights's vacancy rate, including seasonal lodging, is about 2.6%.
Average household size is 2.66 people.
The majority of houses, apartments or condos in Sterling Heights were built after 1975.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.40% |
| One Bedroom | 11.30% |
| Two Bedrooms | 19.40% |
| Three Bedrooms | 49.80% |
| Four Bedrooms | 17% |
| Five Bedrooms or more | 1% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.88 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $160,700 |
| Median Price asked for vacant units | $121,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.84 |
| Median year structure was built | 1977 |
| Median Monthly Rent asked for vacant units | $674 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 4.10% |
| Home Equity Loan | 14.20% |
| Simple Mortgage | 55.50% |
| Debt Free | 25.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.6% |
