Zip 48306 (Rochester Hills, MI) Housing

Rochester Hills, MI (48306) has a median housing value of $490,200, which is significantly higher than the US median house value of $338,100. Despite the higher price tag, the 1 year house appreciation rate in 48306 is 8.00%, which is very close to the US average of 8.27%. This speaks to the strong and stable market conditions for housing in Rochester Hills. The area continues to be an attractive place to purchase property as it offers a desirable combination of location and quality of living amenities.

The median home cost in Rochester Hills (zip 48306) is $490,200. Home appreciation the last 10 years has been 110.3%. Home Appreciation in Rochester Hills (zip 48306) is up 11.2%.

Average Age of Homes

- The median age of Rochester Hills (zip 48306) real estate is 29 years old

The Rental Market in Rochester Hills (zip 48306)

- Renters make up 9.0% of the Rochester Hills (zip 48306) population
- 0.9% of houses and apartments in Rochester Hills (zip 48306), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Rochester Hills, Michigan	United States
	10,295.0	139,647,020.0
	31	42
	$490,200	$338,100
	11.2%	16.6%
	45.5%	57.0%
	110.3%	101.1%
	$11.75	$10.98
	$5,105	$2,690
	88.2%	57.4%
	6.1%	11.2%
	5.7%	31.4%
Vacant Housing
	0.9%	1.9%
	0.0%	0.4%
	0.7%	0.7%
	0.6%	0.4%
	1.4%	3.6%
	2.5%	4.1%
Value of Owner-Occupied Housing
	0.0%	2.6%
	0.4%	2.4%
	0.1%	2.8%
	0.1%	3.9%
	0.6%	4.5%
	1.1%	11.3%
	4.8%	13.0%
	10.9%	20.1%
	23.0%	13.6%
	26.0%	8.3%
	21.4%	9.7%
	8.7%	3.9%
	2.3%	2.2%
	0.3%	0.8%
	0.3%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	18.8%	13.6%
	18.8%	13.6%
	26.9%	13.6%
	18.2%	13.2%
	17.5%	14.8%
	26.9%	13.6%
	4.2%	10.0%
	0.4%	4.7%
	2.0%	12.2%

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Mark · Rochester, MI

Rochester Hills

Over 16 years ago

Rochester Hills is a great place to live. If the economy were better in Michigan, we would love to stay. The schools are very good, and the quality of life is high. More

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