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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 Type1.40%
One Bedroom11.30%
Two Bedrooms19.40%
Three Bedrooms49.80%
Four Bedrooms17%
Five Bedrooms or more1%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.88
Median year structure was built1974
Median Value of occupied units$160,700
Median Price asked for vacant units$121,600

Rented Homes, Apartments and Condos

Average Household Size1.84
Median year structure was built1977
Median Monthly Rent asked for vacant units$674

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage4.10%
Home Equity Loan14.20%
Simple Mortgage55.50%
Debt Free25.90%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs16.6%