Rent to own Homes in Sterling Heights, MI

Just sixty years ago, Sterling Heights (or Sterling Township, as it was known then) was little more than a place to grow rhubarb. In the decades since then the only thing that's been growing in this city is the population; Sterling Heights is now the fourth-largest city in Michigan. The former home of rapper Eminem, Sterling Heights is one of the safest cities in the country for its size.

Sterling Heights, MI is a great place for affordable rent-to-own homes! With a median household income of over $66,346 and a median rent of $1,051, the Sterling Heights, MI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Sterling Heights, MI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out Sterling Heights, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.

Showing 1 - 44 of 300
1002 MAHAFFEY AVE
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Rochester, MI 48307
1,017 Sqft | Built in 1958
8685 FORD AVE
3 Beds, 1 Bath
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
1,200 Sqft | Built in 1948
11092 PACKARD AVE
2 Beds, 1 Bath
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
850 Sqft | Built in 1951
13057 PROSPECT AVE
2 Beds, 1 Bath
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
900 Sqft | Built in 1952
502 ALBANY ST
3 Beds, 1 Bath
Rent To Own
Downtown Ferndale
Single Family Home
Ferndale, MI 48220
1,150 Sqft | Built in 1928
24120 OXFORD ST
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Clinton Township, MI 48036
1,900 Sqft | Built in 1953
204 W BRENTWOOD ST
3 Beds, 1 Bath
Rent To Own
State Fair-Nolan
Single Family Home
Highland Park, MI 48203
1,056 Sqft | Built in 1951
Hot
14050 MANHATTAN ST
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Oak Park, MI 48237
1,061 Sqft | Built in 1949
Rent to own homes offer low monthly payments and flexible terms.
15484 NORTHLAWN ST
3 Beds, 1 Bath
Rent To Own
Harmony Village
Single Family Home
Detroit, MI 48238
1,243 Sqft | Built in 1926
8900 E Jefferson Ave APT 718
1 Bed, 1 Bath
Rent To Own
Belle Isle
Single Family Home
Detroit, MI 48214
600 Sqft | Built in 1966
7274 Lamphere St
2 Beds, 1 Bath
Rent To Own
Cody-Rouge
Single Family Home
Detroit, MI 48239
748 Sqft | Built in 1949
1 of 14 525 MALONEY ST
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Oxford, MI 48371
2,519 Sqft | Built in 1977
25404 HANOVER ST
2 Beds, 3 Baths
Rent To Own
 
Single Family Home
Dearborn Heights, MI 48125
1,344 Sqft | Built in 1940
1442 RILEY CENTER RD
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Riley, MI 48041
1,853 Sqft | Built in 1991
Hot
13518 POPLAR ST
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Southgate, MI 48195
660 Sqft | Built in 1949
3680 ALLEN RD
4 Beds, 4 Baths
Rent To Own
 
Single Family Home
Ortonville, MI 48462
4,400 Sqft | Built in 1991
20592 MAPLEWOOD ST
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Riverview, MI 48193
2,472 Sqft | Built in 1974
42260 FIVE MILE RD
4 Beds, 3 Baths
Rent To Own
 
Single Family Home
Plymouth, MI 48170
2,414 Sqft | Built in 2014
51319 GEDDES RD
2 Beds, 1 Bath
Rent To Own
 
Single Family Home
Canton, MI 48188
823 Sqft | Built in 1937
1 of 23 42771 RICHMOND DR
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Sterling Heights, MI 48313
1,205 Sqft | Built in 2001
3452 PIPERS GLEN DR
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Sterling Heights, MI 48310
2,261 Sqft | Built in 1986
1 of 70 14984 RIVER VIEW CT
4 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Sterling Heights, MI 48313
2,528 Sqft | Built in 1994
1 of 4 13391 FOREST RIDGE BLVD
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Sterling Heights, MI 48313
1,382 Sqft | Built in 2003
1 of 15 2237 PURCELL DR
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Sterling Heights, MI 48310
1,609 Sqft | Built in 1977
New
4602 DICKSON DR
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Sterling Heights, MI 48310
1,955 Sqft | Built in 1973
Hot
1 of 31 35128 BRIGHTON DR
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Sterling Heights, MI 48310
1,920 Sqft | Built in 1989
Hot
1 of 19 40461 PAGE DR
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Sterling Heights, MI 48313
1,658 Sqft | Built in 1985
Hot
1 of 23 41219 OLIVET DR
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Sterling Heights, MI 48313
1,436 Sqft | Built in 1973
1 of 12 8825 SUNRISE DR
3 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Sterling Heights, MI 48312
840 Sqft | Built in 1973
1 of 41 3985 ELVERA LN
2 Beds, 2 Baths
Rent To Own
Northwest Warren
Townhouse/Condo
Warren, MI 48092
1,222 Sqft | Built in 2002
1 of 22 5054 DAYTON DR
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Troy, MI 48085
1,742 Sqft | Built in 1973
1 of 18 8173 GERHARDT ST
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Shelby Township, MI 48317
1,200 Sqft | Built in 1957
1 of 10 31340 Lyons Cirlce E
3 Beds, 1.5 Bath
Rent To Own
Northwest Warren
Multifamily (2 - 4 Units)
Warren, MI 48092
1,075 Sqft | Built in 1955
1 of 11 2717 ROUNDTREE DR
2 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Troy, MI 48083
937 Sqft | Built in 1973
1 of 7 30997 BOEWE DR
3 Beds, 1.5 Bath
Rent To Own
Northwest Warren
Single Family Home
Warren, MI 48092
1,340 Sqft | Built in 1964
1 of 22 5121 HAWKSEYE TRCE
2 Beds, 3 Baths
Rent To Own
Northwest Warren
Townhouse/Condo
Warren, MI 48092
1,576 Sqft | Built in 2018
41495 JANET CIR
2 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Clinton Township, MI 48038
1,187 Sqft | Built in 1990
Hot
1 of 16 3171 JOHN R RD
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Rochester Hills, MI 48307
1,200 Sqft | Built in 1966
1 of 10 29895 foxrun circle
3 Beds, 2 Baths
Rent To Own
Northwest Warren
Multifamily (2 - 4 Units)
Warren, MI 48092
1,511 Sqft | Built in 2013
Hot
1 of 12 41664 STONEHENGE MANOR DR
5 Beds, 3.5 Baths
Rent To Own
 
Single Family Home
Clinton Township, MI 48038
2,492 Sqft | Built in 2003
1 of 10 29278 HOOVER RD
2 Beds, 1.5 Bath
Rent To Own
Northeast Warren
Townhouse/Condo
Warren, MI 48093
973 Sqft | Built in 1965
1 of 17 12885 VAN PAMEL DR
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Shelby Township, MI 48315
3,750 Sqft | Built in 2001
Hot
1 of 3 45971 APPLE LN
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Macomb, MI 48044
1,620 Sqft | Built in 1978
380 E SOUTH BLVD
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Troy, MI 48085
1,416 Sqft | Built in 1987
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Neighborhoods in Sterling Heights, MI

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Popular Zip Codes in Sterling Heights, MI

48311 rent to own homes

Buying a Home in Sterling Heights, MI

Sterling Heights, MI is seeing rapid growth and Sterling Heights, MI's' housing market remains optimal with an average home price that is -9% below the 2023 national average. Sterling Heights, MI is part of Macomb county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2023 for county Macomb is 1.74% which is above the national average, which is 0.99%.

Median Home Price in Sterling Heights, MI

Median Rent in Sterling Heights, MI

Rent to own homes offer low monthly payments and flexible terms.

Top Reasons to Live in Sterling Heights MI

Housing Statistics Sixty-nine percent of properties are owner occupied in Sterling Heights. Twenty-six percent of properties are rentals, and the remaining five percent are vacant. It's expected that the growing number of rent to own homes will only increase the percentage of owner occupied properties. The annual residential turnover rate is low, at just nine percent, suggesting that people living in Sterling Heights have a happy life. While the median sales price has been on the increase, reaching $129,000 from May-July 2013, the number of sales have actually dropped by a third from last year.

Local Events and Festivals Sterling Heights plays host to a number of music festivals that highlight a variety of musical genres. The Forever Festival takes place in September, which is open to people of all ages and features global dance acts. If electronic dance music isn't your cup of tea, you might be interested in the Stars and Stripes Festival, which takes place over the last weekend in June and has four stages with bands playing rock and pop. Away from the music there's also a BMX stunt show and even a petting zoo, making Stars and Stripes a true family event. Finally, there's Sterlingfest, which is held in Dodge Park during July or August and features a mix of carnival rides and live music.

Transportation and Commute Without a car, you'll be limited in Sterling Heights. There is practically no public transport system within the city, although SmartBus does operate two lines that run through the city into downtown Detroit. The lack of public-provided options means that only 0.5 percent of residents use mass transit to commute to work, while a massive 88 percent drive alone and just eight percent carpool. Meanwhile, commute time is just slightly above that of the national average at 28.9 minutes. The M-59 and M-53 are the major roads in the city, heading north and west respectively.

Local Shopping It's fair to say that when it comes to shopping you can do it all at one destination: The Lakeside Mall. This is the city's largest shopping center, and it has a number of national anchor stores supporting around 100 smaller retail lots. Pretty much everything you might need - from fashion and jewelry to housewares and technology - is available at the right price in this traditional shopping environment. Unfortunately, it's all fairly cookie-cutter fare. If you're looking for something a bit more unique to Sterling Heights, check out Countryside Craft Mall and Antiques at Van Dyke Ave and 18 Mile Rd. Here you'll find hundreds of specialty shops run by independent and local dealers selling furniture, art, pottery and more.

Local Restaurants Sterling Heights has a number of stellar restaurants. Red Hot and Blue is perfect if you're craving the big hearty flavors synonymous with Southern hospitality, while Grand Azteca offers simple but satisfying Mexican dishes. These are both on Van Dyke Ave, and while there are enough restaurants on this road to keep you full all year round, if you venture into other parts of the city you'll be rewarded with some of the area's finest offerings. Lebanese restaurants are abundant in Sterling Heights, with La Saj on Southcove Drive being considered among the best, while for pasta or pizza you could try the great value Antonio's Italian Cuisine on E 14 Mile Rd.

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