Property prices for rent in Sterling Heights (Michigan)

The rent prices in real estate in Sterling Heights, in the Michigan region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.

$1,559.33
Average price last 6 months
$10.56
Price/sq.feet last 6 months
Average price per sq.feet

The price per sq.feet in Sterling Heights has risen strongly during the last 6 months. In October, the average price per sq.feet was $5.02. In the following month the price per sq.feet rose considerably to $10.24. In the following two months the price per sq.feet has risen 106 %, going from $7.63 to $8.09 per sq.feet. The price per sq.feet has had a considerable rise of 203 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $7.86 to $15.94 during February, and March.

Average price

When referring to the price in Sterling Heights (cities), there have hardly been any changes in the last 6 months. The rent price in October is $1,538, rising in November till $1,645. In the following two months the average price has hardly changed with regard to the previous two months from $1,591.5 to $1,524.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,558 and $1,562 between February and March.

Average price per bedrooms

The graph displaying the average rent price for bedrooms illustrates that those properties with 3 bedrooms are the most affordable ones. At a price of $1,585 they are 9 % more affordable than the average price for Sterling Heights . The properties with the highest average price have 4 bedrooms, Their price is 56 % more expensive than the average. After that we have properties with 2 bedrooms priced at $1,574.

With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $0.9 / sq.feet, with an average $12.82 / sq.feet price in Sterling Heights. The properties with the most expensive average prices have 2 bedrooms. They are 85 % more expensive than the average followed by properties with 1 bedroom with a price at $15.66 / sq.feet.

Price per property type

The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $1,585 it is 20 % more affordable than the average price in Sterling Heights. "Condo" is seen as the second most affordable property type. The most expensive property type is "" followed by "Condo". At a price of $1,481 it is 17 % more expensive than the average price.

According to the average cost per sq.feet, the least affordable property would be "Apartment" at an average price of $22 / sq.feet followed by "Condo" priced at $40 / sq.feet. "Condo" is the most expensive type of property with a $40 / sq.feet value followed by "Apartment" with an average price of $22 / sq.feet.

Charts data
Average price March
Average price per sq.feet March
Number of properties used in Sterling Heights
Number of properties used in region Michigan
$1,585
$12.82
772
84,308
** Graph's data with null or zero value are due to there isn't enough data available to get a reliable value
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