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

Sterling Heights, MI has a median modeled monthly cash flow of $-581 and a median cap rate of 4.1%, on a median sold price of $315,000. Prices changed +0.6% 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 4.1%, 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 $315,000 (about $156 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.

$315,000Median sold price

$156Median $/sqft

4.1%Median cap rate

$-581Modeled cash flow / mo

+0.6%Appreciation YoY

9.4Months of supply

1,105Active listings

1,413Sold (last 12 mo)

What the Sterling Heights numbers say

In Sterling Heights, MI, the median home sold for $315,000 (about $156 per square foot), and the typical deal models out to a 4.1% cap rate with a median $-581 of monthly cash flow. Sold prices moved +0.6% over the past year. Inventory sits at about 9.4 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

🔨 See 5 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.