The Sterling Heights housing market is experiencing steady growth, with a median home price of $230,000. The city's strong economy, good schools, and high quality of life make it an attractive option for homebuyers. According to recent data, Sterling Heights has seen a 5% increase in home values over the past year, outpacing the national average.

Some popular neighborhoods in Sterling Heights include:

• Foxfire: Known for its upscale homes and community amenities
• Fair Oaks: A family-friendly neighborhood with parks and recreational facilities
• Romeo: A historic neighborhood with a mix of old and new homes

Contact NMHL for more information on Sterling Heights neighborhoods and local market trends.

Property taxes in Sterling Heights average approximately 1.65% of assessed value. This translates to manageable monthly costs when factored into your mortgage payment. For example, on a $230,000 home, you can expect to pay around $3,795 per year in property taxes.

Michigan also offers a homestead exemption, which can reduce property taxes for eligible homeowners. Contact NMHL to learn more about property taxes in Sterling Heights and to discuss your specific situation.

Sterling Heights is served by several highly-rated school districts, including the Sterling Heights High School District and the Macomb County School District. These districts offer a range of educational programs and extracurricular activities for students.

Some notable schools in Sterling Heights include:

• Sterling Heights High School: A highly-rated public high school with a strong academic program
• Establishing Independence Alternative High School: A public alternative high school with a focus on individualized learning
• St. Thomas the Apostle School: A private Catholic school serving students from kindergarten to 8th grade

Contact NMHL to learn more about school districts in Sterling Heights and to discuss how they may impact your home value.

NMHL offers several first-time homebuyer programs in Sterling Heights, including FHA loans with 3.5% down payment requirements and VA loans with zero down payment options. Additionally, Michigan has its own down payment assistance programs, such as the Michigan Down Payment Assistance Program, which provides up to $7,500 in assistance.

Some popular programs for first-time homebuyers in Sterling Heights include:

• FHA Loans: Low down payment requirements and flexible credit score guidelines
• VA Loans: Zero down payment options for eligible veterans and service members
• Michigan Down Payment Assistance Program: Up to $7,500 in assistance for eligible borrowers

Contact NMHL to learn more about these programs and to get pre-approved for a mortgage.

NMHL is committed to serving underserved borrowers in Sterling Heights, including those with bad credit, self-employed individuals, and veterans. Our loan officers can help you explore options, such as subprime loans or credit repair programs, to improve your chances of getting approved for a mortgage.

Some popular programs for underserved borrowers in Sterling Heights include:

• Subprime Loans: Flexible credit score guidelines and alternative income documentation
• Credit Repair Programs: Assistance with improving your credit score to qualify for a mortgage
• VA Loans: Zero down payment options for eligible veterans and service members

Contact NMHL to discuss your specific situation and find a solution.