Is Sterling Heights, MI a good place to invest in rental property?

Sterling Heights, MI has a median modeled monthly cash flow of $-632 and a median cap rate of 3.9%, on a median sold price of $316,000. Prices changed +3.9% year over year.

What is the average cap rate in Sterling Heights, MI?

The median cap rate across recently sold homes in Sterling Heights, MI is 3.9%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Sterling Heights, MI?

The median sold price in Sterling Heights, MI is $316,000 (about $159 per square foot).

Investing in Sterling Heights, MI Real Estate

A data-driven snapshot of the Sterling Heights, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$316,000Median sold price

$159Median $/sqft

3.9%Median cap rate

$-632Modeled cash flow / mo

+3.9%Appreciation YoY

6.9Months of supply

839Active listings

1,456Sold (last 12 mo)

What the Sterling Heights numbers say

In Sterling Heights, MI, the median home sold for $316,000 (about $159 per square foot), and the typical deal models out to a 3.9% cap rate with a median $-632 of monthly cash flow. Sold prices moved +3.9% over the past year. Inventory sits at about 6.9 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 4 fix-and-flip deals in Sterling Heights — listings where the estimated after-repair value beats list price + rehab.

Other Michigan markets to compare

See Sterling Heights cash-flowing listings

CashFlowRE ranks every for-sale home in Sterling Heights, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Sterling Heights deals, or browse the national market data.