Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Sterling area can be challenging. Home prices in Sterling are now at a median cost of $112,401, lower than the Michigan average of $196,062.
The average cost of rent is $777/mo in Sterling, primarily driven by the current value of real estate in the Sterling area. While nearly 46.87% of residents own their homes outright in Sterling, 9.54% rent.
Housing affordability isn’t just about home prices, though. The average household income in Sterling is $4,485 per month. Households that rent pay about 17.31% of their income on rent here. Sterling's most expensive areas are in the northeastern regions, while the cheapest areas are in the eastern parts of the city.
Nearby Cities
- Standish, MI: less expensive homes
- Omer, MI: less expensive homes
- Alger, MI: equally priced homes
- Bentley, MI: higher priced homes
- Skidway Lake, MI: less expensive homes
- Worth, MI: equally priced homes
- Twining, MI: less expensive homes
- Nine Mile, MI: equally priced homes
- Whites Beach, MI: equally priced homes
- Prescott, MI: less expensive homes
Cities with Similar Populations
- Hudson, IA: higher priced homes
- Wild Rose, WI: higher priced homes
- White Springs, FL: less expensive homes
- Whitakers, NC: equally priced homes
- Vienna, IL: equally priced homes
- Verona, KY: higher priced homes
- Springville, TN: equally priced homes
- Shell Lake, WI: higher priced homes
- Reidville, SC: higher priced homes
- Holmes Beach, FL: higher priced homes
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