Rochester, MI is an affluent city with a median housing value of $420,900. This is significantly higher than the US median house value of $338,100 and demonstrates the desirability of Rochester as a place to live. The one year appreciation rate for homes in Rochester is 8.00%, slightly lower than the US average of 8.27%. This indicates that it continues to be a desirable area for prospective home buyers, with ongoing demand for real estate in Rochester providing stability to the local market.
The median home cost in Rochester is $420,900. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Rochester is up 11.2%.
Average Age of Homes
- The median age of Rochester real estate is 37 years old
The Rental Market in Rochester
- Renters make up 32.7% of the Rochester population
- 3.3% of houses and apartments in Rochester, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.