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 300 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
1 of 8 625 Vanderpool Dr
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Troy, MI 48083
1,754 Sqft | Built in 1969
New
1 of 6 26432 Spicer St
4 Beds, 1 Bath
Rent To Own
 
Single Family Home
Madison Heights, MI 48071
1,026 Sqft | Built in 1939
1 of 34 350 N Main St #612
2 Beds, 2 Baths
Rent To Own
Downtown Royal Oak
Townhouse/Condo
Royal Oak, MI 48067
1,089 Sqft | Built in 2006
1002 Mahaffey Ave
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Rochester, MI 48307
1,017 Sqft | Built in 1958
13057 Prospect Ave
2 Beds, 1 Bath
Rent To Own
Southeast Warren
Single Family Home
Warren, MI 48089
696 Sqft | Built in 1952
14050 Manhattan St
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Oak Park, MI 48237
1,061 Sqft | Built in 1949
1 of 12 3290 Calvert Avenue # 4
1 Bed, 2 Baths
Rent To Own
Durfee
Townhouse/Condo
Detroit, MI 48206
2,816 Sqft | Built in 1924
1 of 12 3290 Calvert Avenue # 8
1 Bed, 2 Baths
Rent To Own
Durfee
Townhouse/Condo
Detroit, MI 48206
2,816 Sqft | Built in 1924
Rent to own homes offer low monthly payments and flexible terms
1 of 18 3290 Calvert Street # 7
1 Bed, 2 Baths
Rent To Own
Durfee
Townhouse/Condo
Detroit, MI 48206
2,816 Sqft | Built in 1924
New
1 of 64 1101 Clute Ct
5 Beds, 3 Baths
Rent To Own
 
Single Family Home
Lake Orion, MI 48362
2,947 Sqft | Built in 1935
1 of 56 1375 Red Barn Dr
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Oxford, MI 48371
1,028 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
Hot
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
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Dearborn Heights, MI 48125
1,344 Sqft | Built in 1940
1442 Riley Center Rd
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Riley, MI 48041
1,776 Sqft | Built in 1991
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
1 of 12 8825 Sunrise Dr
2 Beds, 1 Bath
Rent To Own
 
Townhouse/Condo
Sterling Heights, MI 48312
840 Sqft | Built in 1973
Hot
1 of 31 35128 Brighton Dr
3 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Sterling Heights, MI 48310
1,920 Sqft | Built in 1989
1 of 27 15414 Frederick Dr
4 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Clinton Township, MI 48038
1,818 Sqft | Built in 1979
1 of 70 14984 River View Ct
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Sterling Heights, MI 48313
2,528 Sqft | Built in 1994
1 of 15 2237 Purcell Dr
3 Beds, 1.5 Bath
Rent To Own
 
Single Family Home
Sterling Heights, MI 48310
1,609 Sqft | Built in 1977
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
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 23 41219 Olivet Dr
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Sterling Heights, MI 48313
1,436 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 16 3171 John R Rd
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Rochester Hills, MI 48307
1,196 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
1 of 17 12885 Van Pamel Dr
4 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Shelby Township, MI 48315
3,458 Sqft | Built in 2001
380 E South Blvd
2 Beds, 2.5 Baths
Rent To Own
 
Single Family Home
Troy, MI 48085
1,416 Sqft | Built in 1987
1 of 23 3480 Primrose Dr
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Rochester Hills, MI 48307
2,055 Sqft | Built in 1989
1 of 18 18338 Bittersweet
4 Beds, 2 Baths
Rent To Own
 
Single Family Home
Fraser, MI 48026
1,924 Sqft | Built in 1971
1 of 9 1019 Alameda Blvd
2 Beds, 2 Baths
Rent To Own
Rochester Road
Townhouse/Condo
Troy, MI 48085
1,316 Sqft | Built in 2003
1 of 28 13795 Grandeur Ave
3 Beds, 3 Baths
Rent To Own
 
Single Family Home
Shelby Township, MI 48315
2,208 Sqft | Built in 2015
1 of 6 627 Golf Ave
3 Beds, 2 Baths
Rent To Own
 
Single Family Home
Royal Oak, MI 48073
1,421 Sqft | Built in 1975
1 of 44 52641 7 Oaks Drive
4 Beds, 3.5 Baths
Rent To Own
 
Multifamily (2 - 4 Units)
Shelby Township, MI 48316
3,296 Sqft | Built in 1991
1 of 24 3541 Cascade Cir
3 Beds, 2 Baths
Rent To Own
 
Townhouse/Condo
Rochester Hills, MI 48307
2,248 Sqft | Built in 2003
775 Grace Ave
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Rochester Hills, MI 48307
1,646 Sqft | Built in 1983
1 of 8 25112 Dale St
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Roseville, MI 48066
994 Sqft | Built in 1925
1 of 14 18951 Meier St
3 Beds, 1 Bath
Rent To Own
 
Single Family Home
Roseville, MI 48066
1,132 Sqft | Built in 1940
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Neighborhoods in Sterling Heights, MI

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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 2022 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 2022 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.

Sterling Heights, MI Frequently Asked Questions

Sterling Heights, MI has a walk score of

Sterling Heights, MI has a bike score of

The state tax rate is 4.25% on top of the federal tax rate of 10 to 37%.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Some data might be from tax-rates.org
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