Rochester Hills, MI has a median housing value of $405,800, which is higher than the national median housing value of $338,100. The US experienced an 8.27% appreciation of house values in the past year, but Rochester Hills saw only 8.00% appreciation during that time period. This suggests that the real estate market in Rochester Hills is relatively steady and not significantly affected by short-term fluctuations in value. As such, it may be an attractive option for those looking to invest in residential housing in the area.
The median home cost in Rochester Hills is $405,800. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Rochester Hills is up 11.2%.
Average Age of Homes
- The median age of Rochester Hills real estate is 35 years old
The Rental Market in Rochester Hills
- Renters make up 23.2% of the Rochester Hills population
- 1.8% of houses and apartments in Rochester Hills, 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.