1031 Exchange Sterling Heights, Michigan

 

Surrounding submarket Area

Sterling Heights, Michigan is a part of the Macomb County Submarket submarket area, and contains 5 zip codes: 48313, 48312, 48314, 48310, and 48311.

Sterling Heights Demographics & Economic Trends

The 2019 average effective rent for Class A, B, and C apartments in the Sterling Heights, MI submarket area was $919, which is 15.45% higher than 2014 average rent. This represents a compounded annual growth rate of 2.92%. 2019 vacancy in Sterling Heights, MI was 3.20%.

The total population of the city of Sterling Heights, MI has grown 2.52% since 2010. As of 2018, the population was 132,964. The median household income of the Sterling Heights was $63,126, which is 4.70% higher than the national average.

  • submarket area Macomb County Submarket
  • avg rent $919
  • rent growth 15.45%
  • vacancy 3.20%
  • median income $63,126
  • population (2018) 132,964
  • population growth 2.52%
  • vs. nat'l avg 4.70%
  • zip codes 48310 48311 48312 48313 48314

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