%
CapRateCity
Free cap rate calculators for every US market
← All comparisons

Sterling Heights vs Kalamazoo for Rental Property Investing

Side-by-side comparison of Sterling Heights, MI and Kalamazoo, MI — cap rates, rent, prices, and investment metrics.

Kalamazoo wins 4–3 across key metrics
Kalamazoo leads on cash flow (4.49% vs 3.98% cap rate)
Metric
Sterling Heights, MI
Kalamazoo, MI
Est. Cap Rate
3.98%
4.49%
Median Home Price
$235,000
$175,000
Median Monthly Rent
$1,280
$1,050
1% Rule
0.54%
0.60%
GRM
15.3x
13.9x
Price / Income
4.0x
4.4x
Property Tax Rate
1.4%
1.46%
Vacancy Rate
5.5%
6.2%
Population Growth
0.2% / yr
0.3% / yr
Annual Appreciation
2.4%
2.3%
Population
134,000
74,000
Median Income
$58,200
$40,200

Sterling Heights vs Kalamazoo: Which Is Better for Investors?

Cash flow: Kalamazoo has the edge with an estimated cap rate of 4.49% compared to Sterling Heights's 3.98%. Neither city passes the 1% rule outright, so deal sourcing and value-add strategies become more important. Median home prices are $235,000 in Sterling Heights vs $175,000 in Kalamazoo, while rents come in at $1,280/mo and $1,050/mo respectively.

Growth & appreciation: Kalamazoo is growing faster at 0.3% annually vs Sterling Heights's 0.2%. Sterling Heights leads on home value appreciation at 2.4% per year.

Costs & risk: Property taxes are 1.4% in Sterling Heights vs 1.46% in Kalamazoo. Vacancy rates of 5.5% and 6.2% are mixed — Sterling Heights has the tighter rental market.

Bottom line: Kalamazoo edges out Sterling Heights on most key metrics. While cap rates are moderate at 4.49%, Kalamazoo's overall profile is stronger. Use our free calculators to model specific deals in Sterling Heights or Kalamazoo.

Sterling Heights, MI
3.98% cap rate · $235,000 median · $1,280/mo
Full analysis →
Kalamazoo, MI
4.49% cap rate · $175,000 median · $1,050/mo
Full analysis →
The CapRateCity Report
Weekly market analysis: highest cap rate cities, emerging markets, and deal breakdowns. Free, no spam.